The vechain Foundation released the VechainThor blockchain on August 2018. The newly launched VET token was introduced with it as a replacement for the VEN token available on the Ethereum blockchain.
Ever since the launch in 2018, VEN owners can swap their VEN tokens for VET tokens on the VechainThor blockchain at a rate of 1 VEN = 100 VET.
After 5 years of offering the token swap service, since october 10th 2023 the swap service is officially closed ans swapping VEN to VET is no longer possible.
https://twitter.com/vechainofficial/status/1706991382533955717
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