Swap VeChainThor (VET) Instantly

VeChainThor was initially launched as an Ethereum token but migrated to a proprietary chain in 2019. However, even this event did not take it off the ground, and until 2021 VET was trading for fractions of a penny. Nonetheless, in April of 2021, in sync with the crypto market VET scored a price record of $0.252. Since then, it was cooling down and at the time of writing is evaluated near $0.2.Moderate forecasts for VET still see room for growth for the token, even in the bear market. In a year, it can add up to 180% and reach $0.037. 2025 targets aim for the psychological level of $0.1, and by 2030 it can grow but only up to $0.6~0.7.

The main use case for VeChain is supply chain management, and the project intends to solve the problems of transparency and reliability of tracking. VeChain is best known for a large number of high-profile partnerships with enterprises like Walmart and Bauer, spanning across healthcare, retail and luxury goods, agriculture and more.The project was started in 2015 by Sunny Lu and Jay Zhang, who had worked for Louis Vuitton China and Deloitte respectively. Both of them were well familiar with the pains of supply chain management, particularly, lack of transparency.
VeChain received $1.5 billion in backing from prominent investors like BMW and Groupe Renault. They also conducted an ICO in 2017, selling 86,716,263,400 VEN Ethereum tokens at about $0.0007 a piece.