# VeChain

> Blockchain technology built for people, their communities, and the planet

VeChain helps users build real‑world blockchain apps on an EVM‑compatible L1 with predictable fees using a dual‑token model.

VeChain is a public Layer 1 blockchain focused on practical enterprise and consumer use cases. The chain is EVM‑compatible and uses a dual‑token design: VET for value and VTHO for transaction costs, helping keep fees predictable. Users can deploy dApps, manage digital assets, and access tooling for development and governance.

- Type: Network
- Sector: Blockchain Platforms
- Status: Active
- Founded: 2017-09-01
- Profile: https://thegrid.id/profiles/vechain

## Products

- [VeChainThor](https://thegrid.id/profiles/vechain): VeChainThor is a Layer 1 blockchain with EVM compatibility, fee delegation, and a dual‑token model (VET/VTHO) to keep transaction costs predictable for users. (L1, Live, Main Product)
- [VeWorld](https://thegrid.id/profiles/vechain): A self-custodial wallet application supporting VeChainThor blockchain assets, featuring integrated access to VeBetter ecosystem apps, StarGate staking management, and hardware wallet compatibility. The wallet provides gas fee abstraction allowing users to interact with dApps without directly paying transaction fees, includes an NFT viewer for staking positions and collectibles, and offers free on-chain domain name registration for simplified address management. (Wallet, Live)
- [StarGate](https://thegrid.id/profiles/vechain): A staking platform enabling VET token holders to mint NFT-based staking positions representing collateralized network participation. Users stake VET to receive StarGate Delegator NFTs corresponding to node tiers with varying maturity periods, reward rates, and delegation power. The system distributes VTHO rewards weekly based on staked amounts and allows NFT positions to be transferred or traded while maintaining reward eligibility. (Staking Service, Live)
- [VeBetterDAO](https://thegrid.id/profiles/vechain): A decentralized governance platform managing an ecosystem of sustainability-focused applications that reward users with B3TR tokens for verifiable real-world actions. The DAO enables community voting on application support through VOT3 governance tokens obtained by locking B3TR, distributes weekly B3TR emissions using quadratic funding formulas for supported apps, and maintains treasury management through proposal-based governance mechanisms. (DAO Management Platform, Live)
- [VeBetter](https://thegrid.id/profiles/vechain): VeBetter is a community-driven app ecosystem where users earn B3TR tokens for completing sustainability-focused activities tracked through participating applications. Users track real-world impact metrics, convert B3TR into VOT3 governance tokens for voting on proposals and fund allocations, and participate in decentralized autonomous organization governance. The platform features integrated applications for fitness tracking, waste reduction, electric vehicle charging, and digital wellness activities. (Questing Platform, Live)
- [MaaS](https://thegrid.id/profiles/vechain): MaaS provides a no-code platform for brands to create white-label NFT marketplaces for selling digital collectibles and phygital products. The platform features social media login integration, fiat currency payment processing through integrated payment gateways, and NFC technology support for embedding digital identities within physical products. Users can deploy branded marketplaces, manage digital asset sales, and engage communities through tokenized content. (NFT Marketplace, Live)
- [Vorj](https://thegrid.id/profiles/vechain): Vorj is a no-code development platform that enables users to create, deploy, and manage smart contracts on the VeChainThor blockchain without coding experience or transaction fees. The platform provides organization and team management features, OpenZeppelin-based smart contract templates for ERC-20 and ERC-721 tokens, customizable contract configuration interfaces, and API integration capabilities for both UI-based and programmatic access. (Developer Tooling, Live)
- [PoP](https://thegrid.id/profiles/vechain): PoP is a digital attendance verification tool that issues NFT-based proof of participation certificates for events. The platform enables event organizers to create, distribute, and manage attendance credentials through blockchain-based verification, celebrating and documenting participant engagement in physical and virtual gatherings. (Ticketing, Live)

## Assets

- [VeChain (VET)](https://thegrid.id/profiles/vechain): VET is the native token of VeChainThor. It is used for value transfer, accessing network features, and participating in governance decisions. Holders automatically generate VTHO over time, which serves as the gas token for transactions, creating a dual-token system that separates the cost of using the blockchain from VET's market value. (Native)
- [VeThor Token (VTHO)](https://thegrid.id/profiles/vechain): VTHO is the utility token of the VeChainThor blockchain, automatically generated by holding VET and consumed to pay for transaction fees and smart contract execution. It is used to cover the cost of all on-chain operations, separating network usage costs from VET's market value. VTHO's generation rate and minimum transaction requirements can be adjusted through governance, allowing transaction costs to stay predictable regardless of VET price movements. (Utility)
- [B3TR (B3TR)](https://thegrid.id/profiles/vechain): B3TR is the utility token of VeBetterDAO on VeChainThor. It is used to reward users for sustainable actions in ecosystem apps, back VOT3 governance tokens at a 1:1 ratio, and manage treasury operations. Users can swap B3TR for VOT3 at a 1:1 ratio to participate in governance voting on proposals and application funding, with the conversion reversible except for VOT3 received from other wallets. (Utility)
- [VOT3 (VOT3)](https://thegrid.id/profiles/vechain): VOT3 is the governance token of VeBetterDAO obtained by locking B3TR tokens at a 1:1 ratio. It is used to vote on protocol proposals, allocate support for sustainability applications, and participate in treasury management decisions. Holders earn B3TR rewards at the end of each voting cycle based on their participation, with voting power calculated through a quadratic funding formula that balances influence across participants. (Governance)

## Links

- [Main](https://vechain.org)
- [Terms of Service](https://vechain.org/legal-pages/terms-of-use)
- [Privacy policy](https://vechain.org/legal-pages/privacy-policy)
- [Blog](https://vechainofficial.medium.com)
- [GitHub](https://github.com/vechain)
- [Twitter / X](https://x.com/vechainofficial)
- [Telegram](https://t.me/vechainandfriends)
- [Discord](https://discord.gg/VeChain)
- [Reddit](https://www.reddit.com/r/Vechain)
- [Instagram](https://www.instagram.com/vechainofficial_)
- [LinkedIn](https://www.linkedin.com/company/vechain-foundation)

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- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
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