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VeChain was founded in 2015. This blockchain platform is intended to revolutionise supply chain management by making it easy to track the entire lifecycle of a product, allowing retailers and consumers to quickly verify the quality and authenticity of just about anything they buy.
VeChain is designed to create a more transparent market and to give people access to reliable information about the products they buy and sell. VeChain aims to be a secure and easy way for product manufacturers to collect, store and share product details with retailers and consumers. VeChain works by giving each product a unique ID and VeChain smart chip tracker. The platform is intended to serve 4 primary purposes: Aid anti-counterfeiting Assist in supply chain management Improve asset management for businesses Improve customer and client experiences The VeChain system consists of 2 different cryptocurrencies: VeChain (VET) and VeChainThor (VTHO). The former is used to secure the network itself, while the latter is used as gas to power applications on the network. VTHO is earned by users who stake VET tokens. All transactions and services on the VeChain platform depend on these tokens.
VeChain (VET) is the 39th largest cryptocurrency in the world by market cap, valued at $1,808,035,708. The current price of VeChain is $0.02493033, which is 1.555% higher than yesterday. Prices have ranged between $0.02523447 and $0.0244985 over the past 24 hours. All prices are listed in US dollars and accurate as of February 05, 2023 05:02 UTC.
| Coin symbol | VET |
|---|---|
| Coin Marketcap | US$1,808,035,708 |
| Total VET supply | 85,985,041,177 |
| Circulating VET | 72,511,146,418 |
| Current price | US$0.02493033 |
| All time high | US$0.280991 |
| Notable team members | Jay Zhang, Sunny Lu |
| Partnerships | Yida, BitOcean |
| Industry | Internet of Things |
| Token uses | Store of value, payments |
| Network | VeChain |
Historical prices compared with the price of US$0.02493033.
| 1 hour | 0.20% |
|---|---|
| 24 hours | 1.55% |
| 7 days | 3.09% |
| 14 days | 14.07% |
| 30 days | 53.62% |
|---|---|
| 60 days | 29.59% |
| 200 days | -4.34% |
| 1 year | -57.52% |
Disclaimer: Cryptocurrencies, including VeChain, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of VET is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the VeChain or any other cryptocurrency discussed.
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