VeChain Token

VeChain Token Review

When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This review of VeChain Token consists of three chapters: origin & background, functionality and pros & cons.

Origin & Background

VeChain began developing their technology in 2015 and launched an ICO in 2017. In February 2018, VeChain rebranded as VeChain Thor (VET). The VeChain Token has two main interesting functionalities:

1. The nodes holding the largest amount of VeChain Tokens are used to validate transactions through Proof-of-Authority.
2. VeChain Tokens can be staked to produce a new token called THOR Power, which will be used to pay transaction costs within the VeChain blockchain.

The latter functionality will lead to demand for the VeChain Token for the companies interested in generating THOR to use the blockchain.

VeChain has become one of the world’s foremost blockchain platforms for products and information. The company is eager to provide its clients a business platform promoting transparent flow of information. Also, they want to offer high speed value transfers.

Over the last two years, a team of specialists have been working “day and night” doing multiple technical upgrades. They are delibarately readjusting the code to make sure that it meets the current requirements of their clients.

Furthermore, VeChain aims to use funds that they have raised from the recent ICO to expand their platform to thousands of clients. The company expects that numerous future businesses and enterprises will be running all their activities on the VeChain blockchain.

VeChain also takes pride in having very experienced staff. They are dedicated to make sure that their clients receive the services that they seek.

Functionality

This is an AWS service and it allows developers to generate, publish, monitor, preserve, and secure via API at any scale. However, the API gateway is generally considered the backplane when it comes to connecting AWS services.  Also, the company has put existing systems and structures in place that allow them to offer third party services. Therefore, if you are the one handling the financial transactions of your company, VeChain offers quality services that could be useful to you.

VeChain believes in giving clients services that go even beyond their expectations. Thus, they have put in place exceedingly solid structures that foster efficiency and transparency. Moreover, the company is allegedly extremely open to all their clients. They make sure that they consult their clients on a regular basis to guarantee that they give them adequate services.