VET

VeChain price 
VET

$0.0449  

2.10% (1d)

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VeChain statistics
Market cap
 

2.10%

$3,264,547,753
#35
Volume (24h)
 

11.38%

$70,245,583
#97
Volume/Market cap (24h)
 
2.15%
Circulating supply
 
72,714,516,834 VET
Total supply
 
85,985,041,177 VET
Max. supply
 
--
Fully diluted market cap
 
$3,860,333,331
VET to USD Converter
VET
USD
Price performance
24h 
Low
$0.04388
High
$0.04583
All-time high
Apr 17, 2021 (3 years ago)
$0.2782
-83.86%
All-time low
Mar 13, 2020 (4 years ago)
$0.001678
+2576.08%
See historical data
Popularity
In watchlists1,067,410x
92nd / 8.8K
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VeChain news

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

About VeChain

What Is VeChain (VET)?

VeChain (VET) is a versatile enterprise-grade L1 smart contract platform.

VeChain began in 2015 as a private consoritium chain, working with a host of enterprises to explore applications of blockchain. VeChain would begin their transition to public blockchain in 2017 with the ERC-20 token VEN, before launching a mainnet of their own in 2018 using the ticker VET.

VeChain aims to use distributed governance and Internet of Things (IoT) technologies to create an ecosystem which solves major data hurdles for multiple global industries from medical to energy, food & beverage to sustainability and SDG goals. By leveraging the power of trustless data, VeChain is building the digital backbone that will underpin the fourth industrial revolution, which demands real-time and trustless data sharing between many participants.

The platform uses two tokens, VET and VTHO, to manage and create value based on its VeChainThor public blockchain. VET generates VTHO and acts as the store of value and value transfer medium. VTHO is used to pay for GAS costs, separating the need to expend VET when writing data. This has the additional benefit of ensuring costs of using the network can be kept stable by tweaking certain variables such as the amount of VTHO required to service a transaction, or by increasing the VTHO geneation rate. Such actions first require all-stakeholder community votes.

VeChain has been able to demonstrate massively boosted efficiency, traceability and transparency across data trails, supply chains and within novel kinds of ecosystems, such as those in San Marino targeting UN SDGs, among others.

Who Are the Founders of VeChain (VET)?

What Makes VeChain (VET) Unique?

How Does VeChain Work?

How Many VeChain (VET) Coins Are There In Circulation?

How Is the VeChain (VET) Network Secured?

Where Can You Buy VeChain (VET)?

VeChain Ecosystem