After the long-awaited launch of VeChain’s mainnet, all token holders have received the equivalent in the new tokens to replace the old ones. The token swap ratio is 1:100 which means 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.
The team is devoted to the mission they set at the very start: to build a trust-free and distributed business ecosystem by enabling the flow of information and values at high speed through collaboration with enterprises.
More information on the token swap is available here: https://vechaininsider.com/guides/a-complete-guide-to-the-vechain-ven-to-vet-token-swap/