Many aspects of the Vechain economic model, blockchain X, new Video on vechain.org, and numerous allusions to the “first blockchain powered exchange” in different VeChain medium articles have been left in the dark, unnoticed, or explicitly not discussed until now.

This is my theory of how the VeChain exchange and economic model will contribute to creating the first Blockchain X. Of course, it is purely speculation, but only based on texts and speeches given by the VeChain team.

Let me first start by transcribing the text from the vechain.org main video:

“W e are controlled by the few, the powerful and the greedy. We should be free. Free to choose, to trade, to create. It is time for a new world. A world founded on safety and security. A world where everything you do creates power. Power for all. And you, you will decide the shape of this world. The power to change the future is in your hands.”

VECHAIN

Sounds exciting, doesn’t it? A simple BMW partnership is not that fun anymore, right?

Here, I’ll be focusing on the presentation Sunny gave during the rebranding event, and more specifically on the Economic Model, starting at around the 20th minute: https://youtu.be/vfAEir7uT_g?t=20m1s

Sunny (Min 20:30): “As a normal user, you can have enough VeThor generated by the tokens (VET) you hold to support the transactions, like PAYMENT or smart contract execution.

For business users, you can get value from the business applications running on the Vechain Thor, and then if you are willing to, you can pay for the extra VeThor you need. So in summary, the new economic model of VeChain Thor will enable everyone “Free to Start and Pay for the Value”.

He couldn’t have stated the “normal user” case clearer than this but here’s how I decode it.

Us, normal users and customers won’t just hold VET as an investment anymore. We will buy VET in order to generate VeThor so that we can:

Benefit from the Vechain Application by learning more about the origins of the product for instance PAY for our purchases on the “first blockchain powered exchange” that will list all types of products and assets. Maybe even list our own assets and creations on this exchange.

So for instance, let’s imagine that through the app, the ATMs, the exchange, we will be able to buy VET or VeThor with Fiat currency. Our VET will generate VeThor that we’ll then use on the exchange to purchase products and assets of all kinds.

On their side, businesses will also hold VET to generate VeThor that they’ll use to

Execute smart contracts, Pay for transaction fees and, Pay users for the large amount of data gathered and for all other business applications running on the VeChain Thor blockchain.

To place vechain.org video’s text in context:

We (users) will be Free to choose whether we want to trade our data, knowledge, assets for power (VeThor), and free to create content, assets or anything else in exchange for VeThor as well. Everything we do will create Power!

It will all be based on the blockchain, so there will be safety and security: no need to worry about counterfeit items, chargebacks, lies etc. The Power to change the future is in our hands.



VET and VeThor could thus become an integral part of people’s lives. People and Businesses will want to buy and accumulate more and more VET. They will use the VeThor generated to purchase products, execute smart contracts, trade data and assets etc.

VeThor’s value being “Controllable, Predictable and Stable”, businesses and normal users won’t have to worry about products/assets being priced in VeThor anymore.

Voilà! A “new world” is born. VET becomes the perfect store of value, and VeThor the perfect medium of exchange!