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Cryptocurrencies:  7,460Markets:  31,690Market Cap:  $366,808,565,53024h Vol:  $88,768,286,246BTC Dominance:  60.5%
Market Cap:  $366,808,565,53024h Vol:  $88,768,286,246BTC Dominance:  60.5%Cryptocurrencies:  7,460Markets:  31,690
VeChain

VeChain (VET)

$0.010892 USD (-3.78%)
0.00000091 BTC (-5.97%)
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  • Market Cap
    $700,519,887 USD
    58,394 BTC
  • Volume (24h)
    $105,572,064 USD
    8,800 BTC
  • Circulating Supply
    64,315,576,989 VET
  • Total Supply
    86,712,634,466 VET
  • Historical data for VeChain

    Currency in USD
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    DateOpen*HighLowClose**VolumeMarket Cap
    Date
    DateOpen*HighLowClose**VolumeMarket Cap
    Oct 20, 2020
    0.011406
    0.011406
    0.010745
    0.010812
    105,468,328
    695,404,128
    Oct 19, 2020
    0.011642
    0.011762
    0.011320
    0.011419
    107,604,470
    734,431,184
    Oct 18, 2020
    0.011000
    0.011886
    0.010983
    0.011632
    113,452,510
    748,143,644
    Oct 17, 2020
    0.010604
    0.011037
    0.010537
    0.010999
    91,734,772
    707,401,729
    Oct 16, 2020
    0.010958
    0.011062
    0.010360
    0.010595
    105,595,482
    681,414,520
    Oct 15, 2020
    0.011145
    0.011277
    0.010733
    0.010953
    100,893,716
    704,440,840
    Oct 14, 2020
    0.011492
    0.011565
    0.010829
    0.011147
    124,988,047
    716,949,238
    Oct 13, 2020
    0.011395
    0.011762
    0.011358
    0.011488
    116,770,710
    738,886,260
    Oct 12, 2020
    0.011436
    0.011817
    0.010952
    0.011415
    156,524,696
    734,143,004
    Oct 11, 2020
    0.011402
    0.011933
    0.011271
    0.011447
    119,606,481
    736,217,630
    Oct 10, 2020
    0.011477
    0.012020
    0.011357
    0.011407
    134,285,633
    733,617,255
    Oct 09, 2020
    0.011023
    0.011792
    0.010837
    0.011499
    126,294,288
    739,566,898
    Oct 08, 2020
    0.011256
    0.011444
    0.010505
    0.011012
    135,338,355
    708,233,976
    Oct 07, 2020
    0.010134
    0.011279
    0.009764
    0.011279
    144,145,700
    725,384,353
    Oct 06, 2020
    0.011397
    0.011484
    0.010087
    0.010134
    128,682,019
    651,776,022
    Oct 05, 2020
    0.011687
    0.011897
    0.011305
    0.011395
    105,846,039
    732,900,344
    Oct 04, 2020
    0.011777
    0.011886
    0.011381
    0.011687
    103,349,222
    751,678,111
    Oct 03, 2020
    0.011884
    0.012178
    0.011757
    0.011777
    99,014,981
    757,421,408
    Oct 02, 2020
    0.012742
    0.012882
    0.011583
    0.011884
    136,404,250
    764,316,595
    Oct 01, 2020
    0.013530
    0.013660
    0.012596
    0.012738
    122,189,563
    819,220,469
    Sep 30, 2020
    0.013177
    0.013577
    0.012699
    0.013530
    132,701,927
    870,164,551
    Sep 29, 2020
    0.012826
    0.013208
    0.012380
    0.013186
    152,112,086
    848,044,805
    Sep 28, 2020
    0.012741
    0.013573
    0.012732
    0.012845
    136,965,358
    826,132,149
    Sep 27, 2020
    0.012879
    0.013049
    0.012346
    0.012741
    103,962,424
    819,413,734
    Sep 26, 2020
    0.012928
    0.013293
    0.012528
    0.012884
    111,238,286
    828,629,812
    Sep 25, 2020
    0.012405
    0.013255
    0.011900
    0.012898
    142,874,365
    829,531,994
    Sep 24, 2020
    0.011392
    0.012625
    0.011282
    0.012399
    136,867,967
    797,463,738
    Sep 23, 2020
    0.012359
    0.012397
    0.011251
    0.011393
    141,119,934
    732,754,713
    Sep 22, 2020
    0.012663
    0.012998
    0.012117
    0.012363
    122,295,978
    795,128,668
    Sep 21, 2020
    0.014488
    0.014773
    0.012411
    0.012671
    168,324,877
    814,954,151

About VeChain

VeChain price today is $0.010892 USD with a 24-hour trading volume of $105,572,064 USD. VeChain is down 3.78% in the last 24 hours. The current CoinMarketCap ranking is #29, with a market cap of $700,519,887 USD. It has a circulating supply of 64,315,576,989 VET coins and the max. supply is not available. You can find the top exchanges to trade VeChain listed on our crypto exchanges page.

What Is VeChain (VET)?

VeChain (VET) is a blockchain-powered supply chain platform. Begun in 2015 and launched in June 2016, VeChain aims to use distributed governance and Internet of Things (IoT) technology to create an ecosystem which solves some of the major problems with supply chain management.

The platform uses two in-house tokens, VET and VTHO, to manage and create value based on its VeChainThor public blockchain.

The idea is to boost the efficiency, traceability and transparency of supply chains while reducing costs and placing more control in the hands of individual users.

Who Are the Founders of VeChain (VET)?

VeChain is the product of creator and co-founder Sunny Lu, an IT executive who was formerly CIO of Louis Vuitton China.

Lu has since become a well-known name within the cryptocurrency industry. He has drawn attention to the ability of blockchain technology to solve transparency in particular, arguing that it can create “trust-free” structures which do not suffer from corruption as part of the supply chain.

Fellow co-founder Jay Zhang, who directs VeChain's global corporate structure, governance, and financial management, previously worked for both Deloitte and PriceWaterhouseCoopers in the finance and risk management sphere.

Having launched in June 2016, VeChain is one of the oldest dedicated blockchain supply chain platforms on the market.

What Makes VeChain (VET) Unique?

VeChain exists to disrupt traditional supply chain models, an industry which before blockchain had remained little changed over the decades.

Using transparent technology with no single point of weakness or control allows for greater security, efficiency and ease of tracking products in a given supply chain, while reducing cost through trustless automation.

VeChain’s model thus appeals to businesses looking to reduce supply chain friction and give a more transparent impression to clients.

VeChain’s official literature notes that its unique proposition lies in its dual-token setup, among other features. In-house token fees combine with charges for various services to generate operating income for the company, while token holders can engage in activities such as staking, thus providing liquidity in return for rewards.

Read more about Orchid here.

Read more about PIVX here.

New to cryptocurrency? Check out Alexandria, CoinMarketCap’s dedicated education suite.

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

VeChain has two in-house tokens: VeChain (VET) and VeThor (VTHO). Described as a unique offering for such a platform, the dual-token system is designed to avoid fee fluctuations and network congestion.

VET is the token used for transactions and other activities, while VTHO provides fee payments and thus functions as a “gas token,” similar to how gas functions for Ethereum (ETH) transactions.

VET holders automatically generate a small amount of passive income in VTHO, while 70% of the VTHO used in a VET payment is destroyed.

VTHO is generated based on VET holdings, while VET itself has a maximum fixed supply of 86,712,634,466 tokens.

How Is the VeChain (VET) Network Secured?

VeChain (VET) is a proof-of-stake token, and VeChain itself explains that relatively low computing power is required to achieve network security and maintain user consensus.

A separate feature, proof-of-authority, involves authority masternode operators maintaining the protocol in their own interest according to rules laid down by parent organization, the VeChain Foundation.

Where Can You Buy VeChain (VET)?

VET is a freely-tradable token available on major exchanges, while markets also exist for VTHO.

VET had major markets on Binance and Huobi Global among other platforms, with pairs for cryptocurrencies, stablecoins and fiat currencies.

If you’re new to cryptocurrency and want to know how to buy Bitcoin (BTC) or any other token, you can read more here.

VeChain Price Today

VeChain Price$0.010892 USD
24 Hour High / Low
$0.011304 USD /
$0.010745 USD
24 Hour Volume$105,572,064 USD
Market Cap$700,519,887 USD
Market Rank#29

Yesterday's VeChain Price

Yesterday's High / Low
$0.011406 USD /
$0.010745 USD
Yesterday's Open / Close
$0.011406 USD /
$0.010812 USD
Yesterday's Change$-0.000593 USD (-5.20%)
Yesterday's Volume$105,468,328 USD

Historic VeChain Price

7 Day High / Low
$0.011886 USD /
$0.010360 USD
30 Day High / Low
$0.014773 USD /
$0.009764 USD
90 Day High / Low
$0.022917 USD /
$0.009744 USD
52 Week High / Low
$0.022917 USD /
$0.001678 USD
All Time High
$0.022917 USD
(Aug 09, 2020)
All Time Low
$0.001678 USD
(Mar 13, 2020)
VeChain ROI
-27.58%

VeChain Supply Details

Circulating Supply64,315,576,989 VET
Total Supply86,712,634,466 VET
Max SupplyNo Data
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