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TagsWhich digital currency projects are subsidiaries of VeChain Systems?
authentic cryptorecovery1Dec 29, 2021 · 3 years ago1 answersCan you provide a list of digital currency projects that are subsidiaries of VeChain Systems? I am interested in knowing which projects are directly affiliated with VeChain and how they contribute to the overall ecosystem.
1 answers
- VeChain Systems has several digital currency projects under its umbrella. One of the prominent subsidiaries is VET (VeChain Token), which serves as the native cryptocurrency of the VeChain blockchain. VET is utilized for transactions, smart contract execution, and participating in the governance of the network. Another subsidiary is THOR (VeThor Token), which acts as the energy token for the VeChain ecosystem. It is used to pay for transaction fees and power the execution of smart contracts. Additionally, VeChain has collaborated with various companies to develop specialized digital currency projects. For example, Safe Haven (SHA) focuses on digital inheritance solutions, while Plair (PLA) caters to the gaming industry. These subsidiaries contribute to the overall growth and adoption of VeChain's blockchain technology in different sectors.Dec 29, 2021 · 3 years ago
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