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What is VeChain (VET)?

By Lyle Daly – Updated Feb 25, 2025 at 10:36PM

Key Points

  • VeChain uses blockchain to track products through supply chains, ensuring authenticity and safety.
  • It supports DeFi and Web3 with VeUSD, and offers dual tokens: VET for value and VTHO for fees.
  • VeChain allows passive income through staking, though rewards vary by the amount of VET held.
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