VeChain
Crypto Overview
Understanding VeChain (VET)
VeChain is an enterprise-focused blockchain platform designed to enhance supply chain management and business processes. The platform uses a dual-token system: VET for value transfer and governance, and VTHO for transaction fees.
Intended Utility
VeChain's primary purpose is to enable transparent, trustless supply chain tracking and verification. The platform allows businesses to track products throughout their lifecycle, verify authenticity, and ensure quality control through IoT integration and blockchain technology.
Actual Usage and Adoption
VeChain has established notable partnerships with major enterprises including Walmart China, BMW, and DNV GL. The platform is actively used for tracking food safety, luxury goods authenticity, and carbon emission reduction programs. On-chain metrics show consistent transaction volume, indicating genuine business adoption.
Token Distribution and Governance
The VeChain Foundation maintains transparency in token distribution with regular financial reports. Initial token distribution allocated 23% to private investors, 5% to enterprise investors, and 22% to the founding team and development. Token lock-up periods were implemented and properly executed.
Development Activity
The project maintains active development with regular github commits. The VeChain Foundation provides detailed quarterly reports on technical progress, partnership developments, and financial status. The development focus clearly prioritizes technological advancement over marketing.
Revenue Model
VeChain's revenue model is based on legitimate business services, avoiding interest-based mechanisms. The dual-token system ensures sustainable network operation without relying on prohibited financial structures.
Crypto Impact
To assign a comfort level investing in VeChain from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to VeChain.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.