1 ECR20 VEN = 100 VET on VeChain’s native VeChainThor platform. VeChain successfully launched its Thor mainnet on June 30, 2018. The launch marked the transition of VEN tokens from the ERC-20 standard to VeChain's native VET tokens.
VeChain is a public blockchain platform offering enterprise-level Blockchain-as-a-Service. The project aims to connect blockchain technology to the real world by providing a comprehensive governance structure and a robust economic model as well as advanced IoT integration and real-world applications.