{"id":6505,"date":"2021-11-25T18:34:47","date_gmt":"2021-11-25T15:34:47","guid":{"rendered":"https:\/\/www.paribu.com\/blog\/?p=6505"},"modified":"2026-01-16T12:27:46","modified_gmt":"2026-01-16T09:27:46","slug":"vechain-vet-explained-in-6-easy-steps","status":"publish","type":"post","link":"https:\/\/www.paribu.com\/blog\/en\/cryptocurrency\/vechain-vet-explained-in-6-easy-steps\/","title":{"rendered":"VeChain (VET) Explained in 6 Easy Steps"},"content":{"rendered":"

VeChain is a <\/strong>blockchain<\/strong>-based platform developed for meeting business needs and demands. The network’s native token is called VET.<\/strong><\/p>\n

    \n
  1. When was it founded and by whom?<\/strong><\/li>\n<\/ol>\n

    Development activities for VET began in 2015; however, it was launched into the market in 2016. The developer and one of the co-founders of the project is IT manager and Louis Vuitton China’s CIO Sunny Lu and another co-founder is a financial & risk specialist Jay Zhang, who previously worked for Deloitte.<\/p>\n

      \n
    1. VET’s infrastructure<\/strong><\/li>\n<\/ol>\n

      VET is built on public blockchain-based VeChain network.<\/p>\n

        \n
      1. What does it offer to users?<\/strong><\/li>\n<\/ol>\n

        VET is based on a network where services such as procurement, retail, and logistics, etc. are integrated into blockchain technology. It is a platform that offers organizations and businesses BaaS-based services, including infrastructure, storage, and payment services.<\/p>\n

          \n
        1. Can VET be mined?<\/strong><\/li>\n<\/ol>\n

          VET is not a type of cryptocurrency that allows mining activities, but it offers staking.<\/p>\n

            \n
          1. All-time low, all-time high (ATH), and total supply<\/strong><\/li>\n<\/ol>\n

            VET’s all-time low price was $0.1484 on March 13th<\/sup>, 2020 while all-time high price was $2.46 on April 17th<\/sup>, 2021. Circulating supply of the cryptocurrency is 64,315,576,989 VET and the total supply is 86,712,634,466 VET.<\/p>\n

              \n
            1. How to trade VET on Paribu?<\/strong><\/li>\n<\/ol>\n

              By clicking on the link, you can trade VET on Paribu.<\/p>\n","protected":false},"excerpt":{"rendered":"

              VeChain is a blockchain-based platform developed for meeting business needs and demands. The network’s native token is called VET. When was it founded and by whom? Development activities for VET began in 2015; however, it was launched into the market in 2016. The developer and one of the co-founders of the project is IT manager […]<\/p>\n","protected":false},"author":1,"featured_media":24612,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[212],"tags":[],"class_list":["post-6505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/posts\/6505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/comments?post=6505"}],"version-history":[{"count":1,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/posts\/6505\/revisions"}],"predecessor-version":[{"id":22792,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/posts\/6505\/revisions\/22792"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/media\/24612"}],"wp:attachment":[{"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/media?parent=6505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/categories?post=6505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/tags?post=6505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}