VeChain to Launch Galactica on Mainnet July 1

VeChain has successfully launched the first phase of its major protocol upgrade, VeChain Renaissance – Galactica, on the testnet. The activation marks a significant milestone in what is considered VeChain’s most transformative technical and tokenomic overhaul to date. With the testnet deployment completed flawlessly, the project is now aiming for a mainnet launch on July 1st, bringing the ecosystem one step closer to its most ambitious upgrade.VET InfoVeChain (VET) is a blockchain platform specifically designed to enhance transparency in supply chains. VeChain's technology is built upon two tokens: VET and VTHO. The VET token primarily serves as a means of payment or money transfer among VeChain users. On the other hand, the VTHO token is utilized to pay for transaction fees and interact with smart contracts on the VeChain blockchain.It is important to note that VeChain has established collaborations with numerous prominent companies and organizations. For instance, the project has partnered with international consulting firm PwC, automobile manufacturer BMW, and others. This is attributed to VeChain's blockchain approach, which is highly suitable for industrial applications, particularly in the realm of supply chain management.