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The luxury industry’s greatest enemy is counterfeit. Everywhere you look, you’d never fail to find people selling fake products left and right.

High-end counterfeit goods cost the luxury industry a staggering total of $12 billion per year. Luxury companies and consumers alike have expressed concern about the existence of counterfeit products.

VeChain’s mission is to fix this problem and bring an end to product piracy. Using blockchain technology, VeChain assures consumers that the products they purchased are original, while simultaneously ensuring companies remain transparent during manufacturing and delivery. 

Payments in this network involve using VET or VeChain’s utility token. The more VET you hold, the higher priority you have in using VeChain’s resources.

But is investing in VET coins a good idea? Will VeChain be the blockchain solution to counterfeiting? How does VeChain work? Find out below.

What is VeChain?

VeChain is a blockchain-based supply chain solution. It authenticates and tracks products that travel all over the globe with many different stops before arriving at people’s doorsteps. Founded in 2015 by Sunny Lu, the former CIO of Louis Vuitton China, VeChain is an IoT (Internet of Things) application specifically for supply chain management.

Physical goods are given a unique identity via RFID (radio frequency identification), QR codes, or NFC (near-field communication). The information is recorded at every stage of the supply chain by sensors. Because VeChain enables blockchain technology, the recorded information can’t be changed, which helps increase transparency.

VET is the cryptocurrency that powers the network. It is used to carry value from smart contracts. All transactions happening on the VeChain blockchain uses VET. Not only does VET provide effective governance in the blockchain, but it also renders a predictable economic model.

How to Get VET Coins

As more and more companies start to adapt VeChain technology to monitor their supply and inventory, it is only a matter of time before VET becomes even more popular. 

It is impossible to mine this crypto coin since VeChain uses a “Proof of Authority” consensus system to validate transactions.

Buy VET on legit exchanges such as Uphold, Binance, and Bitpanda. There are multiple ways to store VeChain. If you want to trade VET, you should store your crypto on the VeChainThor mobile wallet. But if you want to make a major investment and plan to HODL for a long time, you might want to consider using a hardware wallet.

Beware of VeChain Scams

We more than understand the draw of scammy websites offering free VET coins and other cryptocurrencies while asking for nothing in return. After all, starting in crypto can be expensive. Not to mention, the extreme volatility of the market makes it painful to lose the money you can’t afford to lose.

It is natural to be lured by these sirens on the Internet. However, you have to ask yourself: is it worth the risk? By clicking on these shady websites, you make yourself vulnerable to hacks, identity theft, and other nefarious cyber attacks. Not only do you end up completely wasting your time, but you also might lose something even more valuable than money.

Fear not for FreeCryptoRewards offers a legitimate and secure way of getting VET coins without spending any money. Here’s how.

Get Free VET Coins on Us

Take surveys, watch video ads, and complete offers to get rewarded with free VET coins or any other cryptocurrencies of your choice. Each task you complete earns you points you can use to claim crypto rewards. 

Earn points faster by successfully referring friends. The more friends you invite, the more points you’ll get. You can even exchange points for cold hard cash.

The best part is, you don’t have to spend a single dime. The only investment you need is time. 

You are only a few tasks away from having VET coins deposited to your Coinbase wallet.

Claim Your VET Coins Right Away

FreeCryptoRewards enables you to have a completely safe and risk-free way of getting started with crypto investing. Aside from VET coins, we also offer a wide variety of crypto coins from Shiba Inu to NEO. 

Enter the crypto market with a diverse portfolio at virtually zero risk to you. So, what are you waiting for? Sign up for free today!