|Brief||VeChain (VET) is a blockchain platform for working with smart contracts, which is mainly focused on applications for business, namely the supply chain (tracking, quality control, inventory, etc.).|
|Last updated:||Tuesday, November 24, 2020 10:00:02AM UTC|
|Crypto Volatility Index (CVIX):||49|
|Current price, USD:||0.016137|
|Market capitalization, USD:||1 037 859 376|
|Available supply:||64 315 576 989 VET|
|Volume 24 hours, USD:||276 825 917|
General VET facts, technical details and general information about VeChain crypto currency
VeChain (VET) is a blockchain platform for working with smart contracts, which is mainly focused on applications for business, namely the supply chain (tracking, quality control, inventory, etc.). Mine-net was launched in 2018, by then VeChain had already become a sought-after project among partners.
Cryptocurrency VeChain (VET) is an ERC-20 standard token. The project is currently working with well-known companies such as Renault and BMW. The VEN token is the VeChain ecosystem's own token. People use these tokens when they pay for goods or services, or they receive it when they act as suppliers.
41% of the token issue was distributed during the ICO. The project has already placed some enterprises on its platform and is currently working on cooperation with many others. In addition, the VeChain network is growing rapidly, which indicates an increasing deployment potential. VeChain provides its own anti-counterfeiting solution - it's an NFC chip. It can be implemented in almost any product, and the client can scan the chip using a smartphone and make sure that the product is genuine. Cryptocurrency VeChain (VET) is presented on many crypto exchanges, but the bulk of the trading is done on Binance.
VET is a payment currency that serves as a means of determining value. Owning this coin gives you the privilege of using the VeChainThor blockchain. There are versions for different mobile platforms. Other crypto-wallets support cryptocurrency storage too: VeForge Vault, Comet, Trust Wallet, Cobo Wallet, Atomic Wallet, Arkane Network, MySafeWallet.
VeChain cryptocurrency mining is not available, as the system uses a version of the Proof-of-Stake algorithm. You can get new coins simply by holding them in your account. VeChain is actively trying to boost adoption in the cryptocurrency world. This is evidenced by rebranding, and a token swap on VET, and the introduction of masternodes. According to the team's plans, it will take several more years to introduce the currency into everyday use. This process will go the faster as more partners join the project. VeChain is one of Ethereum's notable competitors.
The Ethereum network, of course, has the advantage of coverage, but it has a number of problems with scalability and high fees. VeChain is faster and cheaper than Ether. This is partly why the largest international companies and conglomerates do not give up partnerships and use of the VeChain network.
We list daily VeChain historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Nov 15||0.011237||0.010942||0.011448||709 960 849|
|Nov 16||0.011036||0.010909||0.011393||729 127 259|
|Nov 17||0.011323||0.011323||0.012497||789 932 561|
|Nov 18||0.012358||0.011550||0.012358||758 771 575|
|Nov 19||0.011817||0.011170||0.011817||736 099 738|
|Nov 20||0.011513||0.011481||0.011978||756 765 324|
|Nov 21||0.012036||0.011799||0.014291||896 036 434|
|Nov 22||0.014532||0.012839||0.014581||937 783 359|
|Nov 23||0.013848||0.013795||0.016311||1 047 031 763|
|Nov 24||0.016030||0.016030||0.017269||1 037 859 376|
|VET price change 24 hours||5.42%|
|VET price change 7 days||36.26%|
Can you imagine trying to sell VET? That’s what Sunny Lu does on a daily basis, and he even has the tag #valuable transactions. Where’s the value in VET transactions, especially when no one is using it? This coin has been a trainwreck since the bear...
John June 5, 2020 VET
Ok, the VET summit went off with fireworks. If you haven’t seen the amount of news that Sunny and VET are bringing to crypto then you’re doing yourself a disservice. Basically, multinational corporations are very much onboard with VET. They are not...
Roger April 19, 2019 VET
VET is moving as steady as they come. Finally it's found its place among the top contenders, and people are finally realizing its value. Their upcoming event with BMW has a lot of people curious what kind of development they have going on. BMW...
Marcus March 27, 2019 VET
Oh wow, VET is actually kinda mooning. I've been waiting to see a chart like this on VET in a long time. It's perfectly set up for a strong move. I can see this coin tracking up to its level around April of last year. If it's able to do that then we...
Ren March 9, 2019 VET
VeChain is going to overtake TRX. VeChain is a real business with actual revenue. Sunny Lu has been quiet because he is gearing VeChain to be one of the biggest names in crypto. Patience is all that's needed. VTHO will probably get listed on Binance...
Scott February 25, 2019 VET
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