One of the trending news for VeChain in terms of price forecast reads that “VET collapse may continue as a race for the exits intensifies.”
There is no practical reason for VET to collapse nor exit. They are not here like several other pump and dump projects that do not have actual use cases other than gambling, yield farming, NFTs, and Crowd Loans.
VeChain has a very robust use case. They are genuinely a non-profit entity, and therefore they are not concerned merely about profit or ROI. They are more about usability. They are trying to achieve usability for day-in and day-out businesses. Thus, solving real-world economic problems.
VeChain is here for a reason. They are exploiting the strength of blockchain technology by making it work for their business partners in the supply chain sector. Thus, VeChain is about making blockchain technology work for real-time use. Real people, real technology, real use case, and therefore they are here propelling real adoption for trustless automation in the supply chain.
Vechain has been proving blockchain to be useful in improving efficiency, traceability, and transparency in supply chains while bringing down the costs and eradicating corruption in the process using trustless automation. Therefore, avoiding single point failure in supply chain management.
Unique Economic Model: There are two native (or) in-house tokens, namely VET and VTHO. These digital tokens are used to manage and create value based on the VeChainThor public blockchain. The operating income for the company comes from the charges for different services and the in-house token fee.
Proof of Stake (PoS): VeChain (VET) is based on proof-of-stake (PoS) using relatively low computing power to achieve network security to maintain user consensus.
Proof of Authority (PoA): By making use of Master Node Operators with proof-of-authority, the protocol is maintained in their own interest per the rules laid down by the parent organization, which is the VeChain Foundation.
Holders and the Community: The token holders contribute to the network by participating in activities like staking providing liquidity.
Vechain has been working on different projects like the Climate Chain project advancing climatic solutions, agricultural traceability, food safety, health care, and several other use cases.
With their top-tier compliance and competitive standards, they are expanding their use cases to several countries. They have excellent reasons for mass adoption. They are not operating with greed. Whether Vechain will go to the Sun or Moon is a different story. VeChain (VET) is here to serve some excellent use cases on Earth. Practical, down Earth, and real. Thus, there is no reason for VET to exit out of any door for whatsoever reason. For as long as the community exist they are here to stay.
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