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VeChain (VET) price, chart, coin profile and news

Find the latest VeChain (VET) price, coin profile, news and history to get you started with VeChain trading and investing.

VeChain
VET- USD
$0.02
+ $0.0002 ( + 0.98%)
FENBUSHI-CAPITAL-PORTFOLIO

What is VeChain?

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 36th largest cryptocurrency in the world by market cap, valued at $1,386,678,503. The current price of VeChain is $0.01913594, which is -1.271% lower than yesterday. Prices have ranged between $0.01942504 and $0.01905342 over the past 24 hours. All prices are listed in US dollars and accurate as of December 01, 2022 10:12 UTC.


What is Bnb?

Binance Coin (BNB) is the token native for Binance and its blockchain-based ventures. The coin can be used to interact with the Binance cryptocurrency exchange as well as the ever-evolving DeFi ecosystem on the Binance Smart Chain network.

On the Binance exchange, BNB provides users with discounts on trading fees, serves as a trading pair for coins and is used on the Binance Decentralized Exchange (DEX). Fees paid in BNB are periodically “burnt”, which means they are permanently removed from circulation, which in turn decreases the supply and theoretically increases the value. Binance will continue to burn coins until the supply is reduced from 200 million to 100 million.

BNB is also used on the exchange to participate in launchpad events, which are similar to Initial Coin Offerings (ICO).

On the Binance Smart Chain (a smart contract platform developed by Binance based on Ethereum’s codebase), BNB is used to pay gas fees and has a central role in many DeFi applications (dapps). In this way, it is very similar to the role of ETH on Ethereum.

For instance, users can deposit BNB to provide liquidity on the PancakeSwap DEX or be traded for BEP-20 tokens (The BSC version of ERC-20 tokens).

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VeChain (VET) price

Use our graph to track the performance of (VET) over time.

VeChain at a glance

Information last updated December 01, 2022 10:12 UTC.
Coin symbol VET
Coin Marketcap US$1,386,678,503
Total VET supply 85,985,041,177
Circulating VET 72,511,146,418
Current price US$0.01913594
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

VeChain price performance over time

Historical prices compared with the price of US$0.01913594.

1 hour 0.42%
24 hours -1.27%
7 days 0.62%
14 days -4.14%
30 days -20.13%
60 days -18.07%
200 days -40.06%
1 year -84.01%

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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