VeChain (VET) 24 Hour Volume Hits $30.21 Million

VeChain (VET) traded down 3% against the US dollar during the one day period ending at 17:00 PM Eastern on August 4th. VeChain has a total market cap of $1.83 billion and approximately $30.21 million worth of VeChain was traded on exchanges in the last day. Over the last seven days, VeChain has traded 17.2% lower against the US dollar. One VeChain coin can currently be purchased for $0.0226 or 0.00000038 BTC on popular cryptocurrency exchanges.

VeChain Profile

VeChain (CRYPTO:VET) is a Proof of Authority coin that uses the VeChainThor Authority hashing algorithm. It launched on June 1st, 2016. VeChain’s total supply is 85,985,041,177 coins and its circulating supply is 80,985,041,177 coins. VeChain’s official website is www.vechain.org. The Reddit community for VeChain is https://reddit.com/r/vechain and the currency’s Github account can be viewed here. The official message board for VeChain is vechainofficial.medium.com. VeChain’s official Twitter account is @vechainofficial and its Facebook page is accessible here.

According to CryptoCompare, “VeChain (VET) is the native cryptocurrency of the VeChainThor blockchain. VET is used as a medium of exchange for activities and transactions on the VeChainThor blockchain and serves as a “fuel” to power the network. VET holders have the right to vote on governance decisions, participate in Proof of Authority (PoA) consensus, and receive rewards in the form of VTHO tokens. VET holders will also be able to benefit from other financial services such as staking, lending, and trading on third-party exchanges. With its innovative features, VeChainThor is positioned to be one of the most influential public blockchains, and VET is an integral part of this ecosystem.”

Buying and Selling VeChain

It is usually not presently possible to purchase alternative cryptocurrencies such as VeChain directly using U.S. dollars. Investors seeking to trade VeChain should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase VeChain using one of the aforementioned exchanges.

VET/USD price chart by TradingView