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Frequently Asked Questions

Here you can find frequently asked questions about various cryptocurrencies.

How Many Mantle Network (MNT) Coins Are There In Circulation?

Mantle token (MNT) powers Mantle Network as its native gas token and ecosystem growth token, and serves as the governance token of Mantle Governance. All future Mantle products will likewise be initiated by the Mantle token holder community through vote and powered by Mantle token. The total supply of MNT is 3,172,988,154 tokens and the current distribution of MNT is split with 51% in circulation and 49% allocated to Mantle Treasury.

What Makes Mantle Network (MNT) Unique?

Mantle Network’s modular architecture hyperscales network performance at low fees and with faster finality. DApps can be built with exceptional UX, while relying on Ethereum’s unrivaled security. Mantle Ecosystem also features a network of established partners and collaborators to support projects from conceptualization to infrastructure support and go-to-market strategies. Moreover, to support the next-generation of innovators, builders, and developers, Mantle is growing its ecosystem via Mantle Grants Program and Mantle EcoFund, a catalyzed capital pool of $200M.

Who Are the Founders of Mantle Network (MNT)?

There is no single founder. Mantle Network is a DAO-governed and accelerated network, where key decisions are made via governance by $MNT holders. jacobc.eth and Ben Zhou were early key contributors to the initial proposal that introduced Mantle Network.

What Is Mantle Network (MNT)?

Mantle Network is an L2 technology stack for scaling Ethereum, and is the first core product of Mantle Ecosystem. Mantle Network strives to be compatible with the Ethereum Virtual Machine. Mantle Network’s modular architecture separates transaction execution, data availability, and transaction finality into modules — which can be individually upgraded and adopt the latest innovations. As the world’s first DAO-spawned L2, Mantle Network is pioneering a vision for the mass adoption of token-governed technologies. MNT is the native token used for: * Paying gas fees * Growing the ecosystem * Governance by the community

Where Can You Buy OKB (OKB)?

The easiest way to obtain OKB coins is to buy them via OKEx. However, there are also many alternative cryptocurrency exchanges where you can purchase or trade the token. These include[ OKEx](https://coinmarketcap.com/exchanges/okex/),[ Gate.io](https://coinmarketcap.com/exchanges/gate-io/),[ Uniswap (V2)](https://coinmarketcap.com/exchanges/uniswap-v2/),[ HitBTC](https://coinmarketcap.com/exchanges/hitbtc/),[ BiONE](https://coinmarketcap.com/exchanges/bione/),[ LBank](https://coinmarketcap.com/exchanges/lbank/),[ Hotcoin Global](https://coinmarketcap.com/exchanges/hotcoin-global/),[ Coin Ex](https://coinmarketcap.com/exchanges/coinex/),[ ProBit Global](https://coinmarketcap.com/exchanges/probit-exchange/),[ Hotbit](https://coinmarketcap.com/exchanges/hotbit/). You can see more options listed on our[ crypto exchanges page](https://coinmarketcap.com/rankings/exchanges/).

How Is the OKB Network Secured?

The coin is an[ ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token that relies on a proof-of-stake ([PoS](https://coinmarketcap.com/alexandria/article/proof-of-work-vs-proof-of-stake)) consensus. OKB operated on the Ethereum blockchain, but later the company moved to its own blockchain — the[ OKExChain](https://coinmarketcap.com/currencies/okexchain/). OKEx is a very transparent platform. Developers assure that security is their top priority as OKEx maintains a reliable and stable trading environment. They use load balancing on servers, distributed clusters, and other technologies for protection. Furthermore, OKEx has developed[ hot and cold wallets](https://coinmarketcap.com/alexandria/article/hot-wallets-vs-cold-wallets-whats-the-difference) — cold wallets being one of the safest methods for storing cryptocurrencies. Hot wallets, however, require maximum attention to security and capabilities. Therefore, OKEx added a semi-autonomous multi-signature feature that enables fast, convenient, and secure transactions.

How Many OKB Coins Are There in Circulation?

The global utility token is similar to[ Binance Coin (BNB)](https://coinmarketcap.com/currencies/binance-coin/). 50% of service fee incomes are distributed among token holders in proportion to their OKB balance. The privileges of OKB include: the right to vote on the platform, the ability to invest, and the ability to trade on OKEx. There are 1 billion OKB on the market with the following allocations: * 40% - Founders & Project; * 10% - Investors; * 50% - AirDrops & Rewards; * 700 million OKB are locked until 2022. This means that the total supply in 2021 is 300 million tokens. The 700 million additional OKB that will be released in 2022 will be distributed as follows: * 100 million awarded to early investors; * 200 million stays with the founding team; * 100 million allocated to the OK Blockchain Foundation; * 300 million left for public awards.

What Makes OKB (OKB) Unique?

The OKB token plays an important role in the OKEx ecosystem. It allows users to receive up to a 40% discount on transactions (depending on the number of tokens a user has). The exchange divides users into two status groups: regular and VIP. Regular users are assigned a level according to their OKB stock, and VIP users get a level according to their trading volume. The commissions are updated daily, and users get a discount depending on their respective level. Platform members can receive passive income if they have OKB tokens, and the token is involved in OKEx Earn (this project helps users earn on their assets). Another purpose of the OKB token is to allocate funds on the OKEx Jumpstart platform. Participation on Jumpstart is available only after registration on the site — then sales are made through MixTrust. OKB is the native asset of the OKExChain (the OKEx blockchain). The OKB token is used on the chain to facilitate spot trading, derivatives trading, and the simultaneous development of several scalable applications. Additionally, a layered architecture reduces[ consensus](https://coinmarketcap.com/alexandria/glossary/consensus) times, improves scalability, and boosts security. To add value to OKB and make the digital coin more attractive to holders, OKEx regularly burns tokens every three months and records the coin burn on the official[ website](https://www.okex.com/support/hc/en-us/articles/360062074332-OKB-Buy-Back-and-Burn-report-2021-3-01-2021-05-31-). For this procedure, OKEX uses 30% of the income from commissions fees. On top of that, welcome bonuses are provided to new users.

Who Are the Founders of OKB?

Jay Hao joined OKEx as CEO from the beginning, and he still holds the position. Hao has dedicated his career to technology and engineering. He has followed the blockchain industry for quite some time, with a focus on blockchain-based apps for video streaming and mobile gaming. Prior to joining OKEx, Hao had twenty years of experience in the semiconductor industry. He has developed a broad range of codecs: UVLED, ASIC, FPGA, and multimedia codecs and SOCs for multimedia processors. During this time, Hao accumulated impressive experience in product development and management. Another key management team member is Mingxing “Star” Xu. He founded OKCoin in China in 2013 and has earned himself a big reputation in the industry. In 2017, Xu co-founded the separate OKEx exchange in Malta, which operates under a separate legal entity. Today Xu is the CEO of the OK Group.

What Is OKB (OKB)?

OKB is a cryptocurrency released by the OK Blockchain Foundation and Maltese crypto exchange, OKEx. The exchange is one of the largest in the world and[ currently ranks](https://coinmarketcap.com/exchanges/okex/) third in liquidity, fourth in trading volume, and provides a wide selection of trading pairs. OKEx is similar in many aspects to the cryptocurrency exchange giant[ Binance](https://coinmarketcap.com/currencies/binance-coin/), but there are a few key differences. The OKEx platform has its own[ cloud mining service](https://coinmarketcap.com/alexandria/glossary/cloud-mining), and the company has a more focused reach in providing options trading for users. Meanwhile, Binance strives to offer a broad range of crypto services globally. [OKB](https://coinmarketcap.com/currencies/okb/) is the OKEx utility token that enables users to access the crypto exchange's special features. The coin is used to calculate and pay trading fees, grant users access to voting and governance on the platform, and reward users for holding OKB. OKEx has become a world-leading trading floor since its launch in 2017. The platform launched in the spring of 2017 and emerged as an offshoot from the original OKCoin platform (operating since 2013 in China). OKCoin now focuses on exchanging fiat for crypto, while OKEx focuses on crypto trading with a built-in[ API](https://coinmarketcap.com/alexandria/glossary/api) for algorithmic trading. The exchange also gives users access to a multi-currency wallet and functions for[ margin trading](https://coinmarketcap.com/alexandria/glossary/margin-trading).

Where Can You Buy Optimism (OP)?

OP is available on [Binance](https://coinmarketcap.com/exchanges/binance/), [Huobi](https://coinmarketcap.com/exchanges/huobi-global/), [KuCoin](https://coinmarketcap.com/exchanges/kucoin/), [Gate.io](https://coinmarketcap.com/exchanges/gate-io/), [Bybit](https://coinmarketcap.com/exchanges/bybit/) and [Coinbase](https://coinmarketcap.com/exchanges/coinbase-exchange/).

How Is the Optimism Network Secured?

Optimism utilizes [optimistic rollups](https://coinmarketcap.com/alexandria/article/optimistic-rollups-for-the-rest-of-us). Optimistic Rollups (ORs) can trustlessly record transactions on the second-layer blockchain and broadcast periodic merkle roots of the transactions to the first-layer blockchain. External validators verify these merkle roots, which delays withdrawing funds from layer-twos running on optimistic rollups (usually by one week).

How Many Optimism (OP) Coins Are There in Circulation?

Optimism aims to create an ecosystem, where value is generated for its three constituencies: * Token holders receive value through the productive re-deployment of sequencer revenue. * Contributors and builders receive value from retroactive public goods funding. * Users and community members receive value from ongoing airdrops and project incentives. In short, demand for OP block space generates revenue, which is distributed to public goods, which drives more demand for blockspace. That is why Optimism's token allocation looks as follows: * Ecosystem fund (25%): split between the governance fund (5.4%), the partner fund (5.4%), the seed fund (5.4%), and unallocated (8.8%). * Retroactive Public Goods Funding (20%) * User airdrops (19%): split into a first airdrop of 5% and subsequent airdrops yet to be announced. * Core contributors (19%): people who help bring the Optimism Collective from concept to reality * Investors (17%) The initial token supply is 4,294,967,296 OP tokens, at an inflation rate of 2% a year. In Year 1, 30% of the initial token supply will be made available to the Foundation for distribution. After the first year, token holders will vote to determine the Foundation's annual OP distribution budget. The Foundation expects to seek the following annual allocations: * Year 2: 15% of the initial token supply * Year 3: 10% of the initial token supply * Year 4: 4% of the initial token supply

What Makes Optimism Unique?

Optimism is designed around four core tenets: * Simplicity * Pragmatism * Sustainability * Optimism Optimism aims for the minimum number of moving parts while building a layer-two solution for Ethereum. In practice, this means using proven Ethereum code and infrastructure when possible. Optimism thus aims to keep its code as simple as possible and work directly with existing codebases. The ecosystem further emphasizes pragmatism and is driven by the real-world needs and constraints of its own team and the users engaging with the ecosystem. Hence, Optimism aims to build iteratively and implement features like EVM equivalence gradually. Optimism's design process is built around the idea of long-term sustainability and not taking shortcuts to scalability. That is why it uses optimistic rollups and takes advantage of the consensus mechanism of Ethereum to scale the network. Blocks are constructed and executed on the L2 (Optimism), while user transactions are batched up and submitted to the L1 (Ethereum). The L2 has no [mempool](https://coinmarketcap.com/alexandria/glossary), and transactions are immediately accepted or rejected. This guarantees a smooth user experience while ensuring security through the Ethereum consensus mechanism. Transactions are submitted to Ethereum without direct proof of validity and can be challenged for a certain period of time (currently seven days). After that, a transaction is considered final. That is why withdrawals from Optimism to Ethereum take seven days to complete.

Who Are the Founders of Optimism?

Optimism is led by the Optimism Foundation, a nonprofit organization dedicated to growing the Optimism ecosystem. Similar to Ethereum, Optimism aims to become a fully decentralized public good that is not profit-oriented. Optimism is completely funded by donations and grants, and pledges to produce infrastructure that promotes the growth and sustainability of public goods.

What Is Optimism (OP)?

[Optimism (OP)](https://coinmarketcap.com/currencies/optimism-ethereum/) is a [layer-two](https://coinmarketcap.com/alexandria/glossary/layer-2) blockchain on top of [Ethereum](https://coinmarketcap.com/currencies/ethereum/). Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using [optimistic rollups](https://coinmarketcap.com/alexandria/glossary/optimistic-rollup). That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum. Optimism is one of the biggest scaling solutions for Ethereum with over $500 million in [TVL](https://coinmarketcap.com/alexandria/glossary/total-value-locked-tvl). It is home to 97 protocols, the biggest being [Synthetix (SNX)](https://coinmarketcap.com/currencies/synthetix-network-token/), a derivatives exchange, [Uniswap (UNI)](https://coinmarketcap.com/currencies/uniswap/), a [DEX](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex), and [Velodrome (VELO)](https://coinmarketcap.com/currencies/velodrome-finance/), an [AMM](https://coinmarketcap.com/alexandria/glossary/automated-market-maker-amm). Users can begin their journey on Optimism by adding the chain on their [Metamask](https://coinmarketcap.com/alexandria/glossary/metamask) and [bridging](https://coinmarketcap.com/alexandria/glossary/bridges) tokens like [ETH](https://coinmarketcap.com/currencies/ethereum/) to the L2. On May 31, 2022, Optimism conducted a highly anticipated [airdrop](https://coinmarketcap.com/alexandria/glossary/airdrop) of its OP token.

Popular meme Dogwifhat vibes wif frens onchain

Bittensor is an open-source protocol that powers a decentralized, blockchain-based machine learning network. Machine learning models train collaboratively and are rewarded in TAO according to the informational value they offer the collective. TAO also grants external access, allowing users to extract information from the network while tuning its activities to their needs. Ultimately, our vision is to create a pure market for artificial intelligence, an incentivized arena in which consumers and producers of this valuable commodity can interact in a trustless, open and transparent context. Bittensor enables: - A novel, optimized strategy for the development and distribution of artificial intelligence technology by leveraging the possibilities of a distributed ledger. Specifically, its facilitation of open access/ownership, decentralized governance, and the ability to harness globally-distributed resources of computing power and innovation within an incentivized framework. - An open-source repository of machine intelligence, accessible to anyone, anywhere, thus creating the conditions for open and permission-less innovation on a global internet scale. - Distribution of rewards and network ownership to users in direct proportion to the value they have added.

Where Can You Buy Injective Protocol (INJ)?

Injective Protocol (INJ) tokens are available on most major exchanges. [Binance](https://coinmarketcap.com/exchanges/binance/) has the highest INJ/USD trading volume at $12,687,084. This is the most popular exchange for purchasing INJ. Other good options include [Bilaxy](https://coinmarketcap.com/exchanges/bilaxy/), [Huobi Global](https://coinmarketcap.com/exchanges/huobi-global/) and [Uniswap](https://coinmarketcap.com/exchanges/uniswap-v2/). It is important to note that buying cryptocurrency comes with risk, just like traditional investing. [Learn more](https://coinmarketcap.com/how-to-buy-bitcoin/) about buying crypto with us.

How Is the Injective Protocol Network Secured?

The Injective Protocol blockchain operates on a Tendermint-based proof-of-stake ([PoS](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos)) consensus mechanism. Prominent validators help to secure the network while making it more decentralized as well. Injective’s consensus mechanism achieves instant transaction finality while leading to a 99% lower carbon footprint.

How Many INJ Are in Circulation?

The [tokenomics](https://coinmarketcap.com/alexandria/article/what-is-tokenomics) of INJ is as follows: maximum supply of INJ tokens is 100,000,000 and circulating supply is currently 80,005,555 INJ as of April 2023. INJ is the native utility token that powers Injective and its rapidly growing ecosystem. The INJ token is used across a diverse range of functions such as: * Protocol governance * dApp value capture * Tendermint-based Proof-of-Stake (PoS) security * Developer Incentives * Staking The INJ token is highly deflationary. 60% of all fees from dApps built on Injective are auctioned off every week via a buy back and burn mechanism, allowing the supply of INJ to dramatically decrease over time. The Injective network enables developers to: * Build new highly interoperable cross-chain DeFi applications with fast transaction times and instant finality. * Access deep cross-chain liquidity and novel financial instruments, including decentralized perpetual swaps, expiry futures, binary options and prediction markets. * Launch applications with an automated smart contract implementation, which is singularly unique to Injective’s layer 1. * Permissionlessly create and list new markets on exchange dApps built on Injective. * Access various dApps built on top of Injective with zero gas fees.

What Makes Injective Protocol Unique?

Injective provides the most advanced, next-generation financial infrastructure for building DeFi applications on top of the Injective blockchain. Users can access these applications in a fully decentralized, fast, cross-chain, low-fee, and secure manner. Some of Injective's key elements include: Layer-1 smart contract blockchain: Injective provides a start of the art interchain L1 that is able to achieve ultra fast speeds while charging zero gas fees. Unlimited DeFi applications: Injective allows anyone to build DeFi applications with Injective’s robust infrastructure and financial primitives such as an on-chain orderbook. Cross-chain trading and yield generation: Injective is capable of supporting a diverse array of trading and yield generation activities across distinct layer-1 blockchain networks such as Cosmos and Ethereum. Community driven network governance: Injective is governed by its decentralized community in which all new innovations are voted on by a Decentralized Autonomous Organization (DAO) structure. Pioneering interoperability: Injective is the most interoperable blockchain with native connections to Etheruem, Cosmos, Solana and much more. Fully Customizable: Ship your products with the ability to swiftly modify any parameter to fit your use case. Intuitive developer experience: Flexible and expressive development environments powered by Rust and Golang. Environmentally Friendly: A 99% lower carbon footprint through Injective’s Tendermint PoS consensus mechanism.

Who Are the Founders of Injective Labs?

Injectvie Labs is the research and development company that first began contributing to Injective Protocol. Eric Chen is the co-founder of Injective Labs. Prior to founding Injective, he worked as a cryptographic researcher and trader at a major crypto fund where he led innovative market neutral trading efforts in the blockchain space as well as investments into prominent companies such as 0x, ChainLink, and Cosmos. Chen has extensive knowledge about blockchain protocols and traditional finance along with a native understanding of both eastern and western blockchain-based protocols and communities. Albert Chon is the CTO of Injective Labs. He graduated with a Bachelor’s and Master’s degree in computer science from Stanford University and was a software development engineer at Amazon. He is well known for pioneering a new Ethereum standard that is used by a number of major projects today and co-founded Injective Labs with Eric Chen.

What Is Injective Protocol (INJ)?

Injective is a blockchain built for finance. It is an open, interoperable layer-one blockchain powering next-generation DeFi applications, including decentralized spot and derivatives exchanges, prediction markets, lending protocols and more. Injective uniquely provides powerful core financial infrastructure primitives that applications can leverage, including a fully decentralized MEV-resistant on-chain orderbook. In addition, all forms of financial markets such as spot, perpetual, futures and options are fully on-chain. The decentralized cross-chain bridging infrastructure is compatible with Ethereum, IBC-enabled blockchains, and non EVM chains such as Solana. Injective also provides a next-generation, highly interoperable smart contract platform based on CosmWasm, with advanced interchain capabilities. Injective is custom built with the Cosmos SDK and utilizes Tendermint-based Proof-of-Stake consensus mechanism, providing instant transaction finality with the ability to sustain lightning-fast performance (10,000+ TPS). The Injective ecosystem includes 100+ projects and over 150,000 community members globally. Injective is backed by a group of prominent investors such as Binance, Pantera Capital, Jump Crypto and Mark Cuban. Injective’s core exchange module provides state-of-the-art capabilities including an advanced on-chain order book and matching engine for spot, perpetual, futures and options markets, resistance to Miner-Extractable Value (MEV) through frequent batch auction order matching, and zero gas fees for users. Injective natively uses IBC and is highly-interoperable with multiple layer 1s, including, but not limited to, Polygon and Solana (through an upcoming Wormhole integration). It is also uniquely built to be interoperable with Ethereum, through its own decentralized ERC-20 token bridge, making Injective the first network within the Cosmos ecosystem to natively support Ethereum assets. Smart contracts are implemented on Injective through CosmWasm, allowing for multi-chain smart contract transactions to occur seamlessly. Injective, however, is the only blockchain that enables automatic smart contract execution. This capability serves as a powerful building block for developers to create novel use cases that would not be possible on any other chain. The use cases intended for INJ include but are not limited to: protocol governance, dApp value capture, Proof-of-Stake (PoS) security, developer incentives and staking. Further details regarding each of these use cases can be found below: Protocol Governance: The INJ token governs every single component of Injective, including chain upgrades. Since its mainnet launch, the Injective community has actively contributed to governance, with all proposals passing through a DAO governance vote. The comprehensive governance page is available here. Protocol Fee Value Capture: 60% of all fees generated from dApps enter an on-chain buy-back-and-burn auction to maintain the deflationary nature of INJ. The burn auction page is available here. Tendermint-based Proof-of-Stake (PoS) Security: INJ is used to secure the Injective blockchain using a proof-of-stake mechanism. Validators and delegators can both participate in staking. Developer Incentives: 40% of fees generated by users on dApps built on Injective go directly towards incentivizing new developers building on Injective which brings an ever growing funnel of builders to Injective.

Where Can You Buy VeChain (VET)?

VET is a freely-tradable token available on major exchanges, while markets also exist for VTHO. VET had major markets on Binance and Huobi Global among other platforms, with pairs for cryptocurrencies, stablecoins and fiat currencies. If you’re new to cryptocurrency and want to know how to buy Bitcoin ([BTC](https://coinmarketcap.com/currencies/bitcoin/)) or any other token, you can read more [here](https://coinmarketcap.com/how-to-buy-bitcoin/).

How Is the VeChain (VET) Network Secured?

VeChain (VET) is a Proof of Authority (PoA) token, requiring relatively low computing power to achieve network security versus a protocol such as Bitcoin. A recent [CTI report](https://www.vechain.org/vechainthor-is-one-of-the-most-eco-friendly-public-blockchains-worldwide-cti-verified/) showed that VeChain's annual carbon footprint is incredibly small at just 2.4% of the emissions of mining a single Bitcoin, thus making PoA an incredibly efficient consensus mechanism for securing the network. [Proof-of-authority](https://coinmarketcap.com/alexandria/glossary/proof-of-authority-poa), is a process wherein authority masternode operators are selected by an independent Steering Committee, thus giving them 'authority' to run a masternode. This model is particularly attractive for enterprises who want assurances about the integrity and quality of validators running the network, and assurances bad actors can be ejected if needed.

How Many VeChain (VET) Coins Are There In Circulation?

VeChain has two in-house tokens: VeChain (VET) and VeThor (VTHO). Described as a unique offering for such a platform, the dual-token system is designed to avoid fee fluctuations and network congestion. VET is the token used for transactions and other activities, while VTHO provides fee payments and thus functions as a “gas token,” similar to how [gas](https://coinmarketcap.com/alexandria/glossary/gas-price) functions for Ethereum ([ETH](https://coinmarketcap.com/currencies/ethereum/)) transactions. VET holders automatically generate a small amount of passive income in VTHO, while 70% of the VTHO used in a VET payment is destroyed. VTHO is generated based on VET holdings, while VET itself has a maximum fixed supply of 86,712,634,466 tokens. At the time of writing (07/12/2021) - there are 66,760,741,299 tokens in circulation according to [VeChainStats](https://vechainstats.com/)

How Does VeChain Work?

VeChain IDs are a crucial component of the VeChain blockchain. A unique identifier is assigned to a product. Sensors are used to track each step of a supply-chain. As a result, a safe environment is formed for all parties, and movement data is documented and verified. The general idea of ​​VeChain is to grant a way to determine authenticity and quality of real products, as well as to prevent fraud. The platform seeks to provide stakeholders with comprehensive information about products and business processes, thereby increasing market transparency and making international trade more fair and efficient. The list of VeChain clients already includes large corporations like BMW, LVMH, and Walmart. VeChain software allows enterprise developers to create and run dApps. Therefore, due to VeChain’s blockchain, companies can apply dApps and offer a higher level of services and goods. The project also uses proprietary solutions and developments, including ToolChain, My StoryTool, the VeChainThor blockchain, and Internet of Things ([IoT](https://coinmarketcap.com/alexandria/glossary/internet-of-things)) technology to facilitate processes.

What Makes VeChain (VET) Unique?

VeChain exists to disrupt traditional business models, and is best known for its work in supply chain, an industry that has changed little over the decades. Its work in providing a decentralised trust layer for multi-party ecosystems has already seen major sucesses with high profile clientele and government bodies. Using transparent technology with no single point of weakness or control allows for greater security, efficiency and ease of tracking for all kinds of data, while reducing costs through trustless automation via smart contracts. Carbon, supply chain, international logistics, incentivised ecosystems, automobile passports and more all greatly benefit from the digitisation of trust and colaboration it enables. VeChain’s platform accordingly has very wide appeal to many different clients of clients and industries. VeChain’s official literature notes that its unique proposition lies in its dual-token setup alongside transformative protocols such as 'fee delegation' and it's one-stop 'ToolChain' platform that means crypto-wary companies can pay in fiat for VeChain's Blockchain-as-a-service, while smart contracts handle gas payment costs, ensuring frictionless use of the network, even in strict jurisdictions.

Who Are the Founders of VeChain (VET)?

VeChain is the product of creator and co-founder Sunny Lu, an IT executive who was formerly CIO of Louis Vuitton China. Lu has since become a well-known name within the cryptocurrency industry. He has drawn attention to the ability of blockchain technology to solve transparency in particular, arguing that it can create “trust-free” enterprise/business structures that do not suffer from information corruption thanks to close working collaborations with key auditing/certification consultants such as PriceWaterhouseCoopers and DNV who verify data quality and certify industrial processes. Fellow co-founder Jay Zhang, who directs VeChain's global corporate structure, governance, and financial management, previously worked for both Deloitte and PriceWaterhouseCoopers in the finance and risk management sphere. Having originally begun life in 2015, VeChain is one of the oldest dedicated smart contract platforms on the market, with reflected prestige among enterprise clients.