VeChain (VEN) is hoping to build a blockchain tailored for supply-chain use cases, tracking provenance.
The platform would track the movement of products and shipments in real time, with the goal of reducing costs and increasing transparency. Currently, their mainnet is not live, and VeChain has an ERC20 token VEN.
VeChain (VEN) Token Migration - July 2018
Bitfinex is pleased to announce full support for the upcoming VeChain (VEN) Thor token swap. In accordance with this, Bitfinex will handle all tasks associated with the token migration to ensure a smooth and trouble-free migration for all our users.
Following the token swap, all VEN tokens will become non-functional. VET tokens will be exchanged directly to all users holding VEN on Bitfinex on a 1:100 ratio. Exact details surrounding deposit and withdrawal suspensions on our platform will be provided in mid-July as we approach the date of the token swap.