VeChain (VET) Tokenomics

Learn more about VeChain (VET) tokenomics and view project details below

What is the token allocation for VET?

VET Allocation

The Vechain Foundation initially minted 1 Billion VEN tokens on the Ethereum blockchain in 2017. These VEN tokens were than swapped on a ratio of 1:100 for VET coins on the VeChainThor Mainnet which was launched in June 2018.

The Initial token distribution of VET is as follows:

5.00% is allocated to Team
41.00% is allocated to Crowdsale
9.72% is allocated to Enterprise Investors
13.28% is allocated to Burned
9.00% is allocated to Private Investors
22.00% is allocated to Operation Development

What is the supply schedule for VET?

VET Supply Schedule

The VeChainThor blockchain was launched in June 2018. VET was launched on the VeChainThor mainnet, post-upgrade migration from the VEN token on the Ethereum blockchain.The maximum supply of VET is capped at 86,712,634,466, with an inflationary type emission rate since genesis.

What are the funding rounds for VET?

$20,000,000 was raised in the Crowdsale on Sept 2017, funded by investors with an average price of $0.00072

Source: VeChain Executive Report

Last updated: 7 Aug 2022

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