Today's VeChain Price Summary
VeChain's price today is $0.05 USD, with a 24-hour trading volume of $401,281,627 USD. VET is down -1.04% in the last 24 hours. VeChain is currently ranked #39 with a market capitalization of $4,405,984,178 USD.
Ranked # 39
Price
$0.05 (-1%)
All Time High
$0.28 (-81%)
Market Cap
$4,405,984,178
Volume (24h)
401,281,627
Circulating Supply
80,985,041,177 VET
Max Supply
86,712,634,466 VET
About VeChain
VeChain is a unique blockchain platform designed to enhance the use of blockchain technology across various industries, with a particular focus on supply chain organizations. The platform addresses common issues such as lack of transparency and integration of financial and logistical services in businesses.
The VeChainThor Blockchain
The public blockchain, VeChainThor, serves as the foundation for an expandable enterprise blockchain ecosystem. Unlike Ethereum-based applications, which face challenges in governance framework and economic model, VeChain uses innovative solutions like meta-transaction features and a proof-of-authority (PoA) consensus method to address these issues.
Unique Two-Token System
The VeChain ecosystem operates on two tokens - VeChain Token (VET) and VeChainThor Energy (VTHO). VET is used for creating VTHO and making payments or remittances within the system. On the other hand, VTHO settles transaction fees and covers costs associated with the platform's operation.
Securing Transactions with PoA Consensus Algorithm
VeChain employs a PoA consensus algorithm that secures transactions on its network. This is achieved through a network of 101 Authority Masternode operators who uphold the governance rules of the VeChainThor blockchain.
Collaborative Product Development with VeChain Toolchain
One of VeChain's key offerings is the VeChain Toolchain - a product that allows companies to develop new services and products collaboratively. This tool provides platform-as-a-service (PaaS), software-as-a-service (SaaS), and blockchain-as-a-service (BaaS) capabilities.
VeChain NFT Ecosystem
In addition to its applications in supply chain management, VeChain also boasts a thriving nonfungible token (NFT) ecosystem. Its decentralized NFT marketplace, VeSea, allows for the creation and trading of VIP-181 tokens that are stored on the VeChain blockchain.
Sources:
What is VeChain All-Time High price (ATH)?
On April 19th, 2021 01:08:21 AM, VeChain hit a historic high of $0.280991 USD. It has been about 4 years ago since VeChain reached its peak.
What is VeChain All-Time Low price (ATL)?
On March 13th, 2020 02:29:59 AM, VeChain reached a bottoming price of $0.0019171300 USD. About 5 years ago has passed VeChain has seen such a low price.
Community Posts
VeChain
at
$0.01
on
Dec 23, 2020
Congrats to VeChain! I remember when this coin first came out, it was very controversial. Every day was full of HYPE, FOMO, and FUD. Now they have really matured to become a leader in the space. medium.com/...92126
TÃV Saarland Certification (hereafter referred to as âTÃV Saarlandâ) has issued VeChain with the worldâs first 5-Star-Rated Blockchainâ¦
VeChain
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$0.01
on
Jun 26, 2019
Just as I was everyone around me was selling their VeChain into #Bitcoin we got news of a major partnership with #Walmart China and VeChain. Here is a quote from Elton Yeung, "We believe that Walmart’s Blockchain Traceability System will be an excellent example of blockchain technology applied in the retail industry, helping to improve food safety and quality management, and providing a strong guarantee for building consumer trust." - www.coindesk.com/...tform
Walmart China has launched a blockchain-based platform aimed to address food safety concerns in the country.
VeChain
at
$0.01
on
Apr 30, 2019
www.youtube.com/...MI I'm a new fan of Vechain. This is a sleeper coin I think can make you rich
VeChain Transactions Skyrocket -- 90 million Vtho burnied in 3 days! Why this is good..
youtube.com
A recent report by Moody's Investor Service reveals that private chains are dangerous! #VeChain sensed this a while back, migrating to a new public chain, launching VeChain Thor and issuing #VET as a store of value, brilliant if you ask me!! Plus, what I like about this project is that they consider enterprises considering private chains! he he, proof of authority and running from China gives it room to experiment.
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That's all we got for #VeChain
2 years ago
