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Cryptocurrencies:  7,274Markets:  30,610Market Cap:  $340,955,612,26324h Vol:  $98,544,351,985BTC Dominance:  57.6%
Market Cap:  $340,955,612,26324h Vol:  $98,544,351,985BTC Dominance:  57.6%Cryptocurrencies:  7,274Markets:  30,610
VeChain

VeChain (VET)

$0.012743 USD (-5.84%)
0.00000120 BTC (-4.57%)
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  • Market Cap
    $819,584,287 USD
    77,175 BTC
  • Volume (24h)
    $146,921,544 USD
    13,835 BTC
  • Circulating Supply
    64,315,576,989 VET
  • Total Supply
    86,712,634,466 VET
  • Historical data for VeChain

    Currency in USD
    Loading...
    DateOpen*HighLowClose**VolumeMarket Cap
    Date
    DateOpen*HighLowClose**VolumeMarket Cap
    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
    Sep 20, 2020
    0.015271
    0.015873
    0.013968
    0.014473
    138,171,715
    930,819,649
    Sep 19, 2020
    0.014419
    0.015454
    0.013870
    0.015278
    152,038,352
    982,621,613
    Sep 18, 2020
    0.013520
    0.015287
    0.013430
    0.014429
    178,496,230
    928,017,193
    Sep 17, 2020
    0.012461
    0.013716
    0.012434
    0.013520
    129,560,479
    869,568,929
    Sep 16, 2020
    0.012582
    0.012659
    0.012183
    0.012471
    119,096,627
    802,059,322
    Sep 15, 2020
    0.012847
    0.013409
    0.012590
    0.012590
    115,715,346
    809,743,139
    Sep 14, 2020
    0.012777
    0.013352
    0.012520
    0.012849
    127,264,979
    712,557,241
    Sep 13, 2020
    0.013423
    0.013819
    0.012301
    0.012771
    129,312,660
    708,188,208
    Sep 12, 2020
    0.013269
    0.013423
    0.012927
    0.013423
    106,490,255
    744,368,483
    Sep 11, 2020
    0.013011
    0.013390
    0.012435
    0.013277
    129,338,053
    736,267,386
    Sep 10, 2020
    0.012865
    0.013645
    0.012861
    0.012983
    133,126,607
    719,945,626
    Sep 09, 2020
    0.012132
    0.013265
    0.011692
    0.012857
    138,152,549
    712,970,601
    Sep 08, 2020
    0.012203
    0.013436
    0.011842
    0.012128
    161,747,589
    672,530,051
    Sep 07, 2020
    0.012376
    0.012595
    0.011094
    0.012207
    165,096,019
    676,917,288
    Sep 06, 2020
    0.012114
    0.012979
    0.011097
    0.012373
    169,711,568
    686,136,192
    Sep 05, 2020
    0.014415
    0.014664
    0.011131
    0.012114
    217,167,226
    671,753,013
    Sep 04, 2020
    0.012460
    0.014698
    0.011912
    0.014429
    277,906,777
    800,148,898
    Sep 03, 2020
    0.016005
    0.016879
    0.011868
    0.012455
    197,199,806
    690,676,068
    Sep 02, 2020
    0.017046
    0.017250
    0.015456
    0.015985
    158,245,457
    886,441,042

About VeChain

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

VeChain Price$0.012743 USD
VeChain ROI
No Data
Market Rank#26
Market Cap$819,584,287 USD
24 Hour Volume$146,921,544 USD
Circulating Supply64,315,576,989 VET
Total Supply86,712,634,466 VET
Max SupplyNo Data
All Time HighNo Data
All Time LowNo Data
52 Week High / LowNo Data
90 Day High / LowNo Data
30 Day High / LowNo Data
7 Day High / LowNo Data
24 Hour High / LowNo Data
Yesterday's High / LowNo Data
Yesterday's Open / CloseNo Data
Yesterday's ChangeNo Data
Yesterday's VolumeNo Data
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