VeChain Achieves Self Reported Market Capitalization of $1.79 Billion (VET)

VeChain (VET) traded 1.2% lower against the U.S. dollar during the 24 hour period ending at 9:00 AM ET on October 30th. In the last week, VeChain has traded down 2.7% against the U.S. dollar. One VeChain coin can currently be purchased for $0.0221 or 0.00000031 BTC on popular exchanges. VeChain has a market cap of $1.79 billion and approximately $26.73 million worth of VeChain was traded on exchanges in the last day.

About VeChain

VeChain (VET) is a Proof of Authority coin that uses the VeChainThor Authority hashing algorithm. Its genesis date was 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 message board is vechainofficial.medium.com. VeChain’s official Twitter account is @vechainofficial and its Facebook page is accessible here. The official website for VeChain 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.

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 buy alternative cryptocurrencies such as VeChain directly using U.S. dollars. Investors seeking to acquire VeChain should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy VeChain using one of the aforementioned exchanges.

VET/USD price chart by TradingView