VeChain Self Reported Market Capitalization Achieves $1.70 Billion (VET)

VeChain (VET) traded down 2.1% against the US dollar during the twenty-four hour period ending at 20:00 PM ET on September 16th. VeChain has a total market capitalization of $1.70 billion and approximately $15.00 million worth of VeChain was traded on exchanges in the last 24 hours. During the last seven days, VeChain has traded 2.9% lower against the US dollar. One VeChain coin can currently be purchased for $0.0210 or 0.00000036 BTC on popular cryptocurrency exchanges.

VeChain Profile

VET is a Proof of Authority coin that uses the VeChainThor Authority hashing algorithm. It was first traded 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. VeChain’s official Twitter account is @vechainofficial and its Facebook page is accessible here. The official message board for VeChain is vechainofficial.medium.com.

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.”

VeChain Coin Trading

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

VET/USD price chart by TradingView