Every day, specialists come up with new projects, launch them and introduce their cryptocurrency to support the idea. By investing in crypto, you invest in the project, thereby developing it. In this article we will talk about the VeChain cryptocurrency and whether it is worth investing in it. Try VeChain staking on Guarda.
Know the History to Understand the Future
The story of this cryptocurrency begins in 2015 when ex-Chinese Louis Vuitton IT specialist Sonny Lu and his partner Jay Zhang wondered about illegal trafficking. It is known to flourish in many countries, and this business brings in millions in dirty money. In many cases, the customer receives counterfeit goods by paying a large amount of money for them. To prevent this, developers have come up with a project that allows goods to be tracked from production to the end customer. The technology involves digitizing product labels and storing the data in a blockchain network.
Explaining VET Cryptocurrency in Simple Words
VeChain or VET coin is designed for mass implementation in business processes. VET cryptocurrency is a global platform through which participants can track the supply of expensive and luxury products, including production processes, management, logistics. The technology digitizes physical goods and combines the Internet of Things (IoT) with blockchain.
Characteristics of the VeChain coin
1. The coin has four main characteristics:
2. VIP180 and VIP181 standards.
3. Multitasking transactions.
4. Delegation of commission.
5. Dual token strategy.
Buy or Not to Buy?
In 2021, VeChain cryptocurrency ranked 21st in the ranking of digital assets and was ahead of many well-known cryptocurrencies. In turnover, there are 99% of the VET coins available to the user for purchase. The project is rapidly developing and cooperating with global institutes in the field of research of modern technologies. The goals and objectives of the project are very relevant, so investors should pay attention to the purchase of this asset.
