#FOMCMeeting 1. Introduction to VET Token

VET is the official token of VeChain, a blockchain platform designed to enhance supply chain efficiency and data management in businesses. VeChain operates with a dual-token model:

• VET is used for value transfer and executing smart contracts.

• VTHO (VeThor) is used to pay transaction fees, generated from holding VET.

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2. The essential role of VET in the future blockchain

a. Increasing transparency in the supply chain

One of the major issues in global trade is fraud and lack of transparency in the supply chain. VeChain, with VET as the main payment platform, helps verify the origin of products from end to end: from agricultural products, food, pharmaceuticals to industrial components. The blockchain records immutable data, preventing fraud and enhancing trust.

b. Connecting businesses with blockchain

VeChain has created a bridge between traditional businesses and blockchain. With VET, businesses can integrate blockchain into their operations without needing to become technical experts, thanks to the “Blockchain-as-a-Service” (BaaS) tools provided by VeChain.