VeChain (VET) Price Reaches $0.0462 on Major Exchanges

VeChain (VET) traded up 1.1% against the U.S. dollar during the twenty-four hour period ending at 22:00 PM ET on March 29th. One VeChain coin can now be purchased for $0.0462 or 0.00000066 BTC on major exchanges. During the last seven days, VeChain has traded 14.1% higher against the U.S. dollar. VeChain has a market cap of $3.36 billion and $89.59 million worth of VeChain was traded on exchanges in the last day.

VeChain Profile

VET is a Proof of Authority coin that uses the VeChainThor Authority hashing algorithm. Its launch date was June 1st, 2016. VeChain’s total supply is 85,985,041,177 coins and its circulating supply is 72,714,516,834 coins. The official website for VeChain is www.vechain.org. The official message board for VeChain is vechainofficial.medium.com. VeChain’s official Twitter account is @vechainofficial and its Facebook page is accessible here. 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.”

VeChain Coin Trading

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

VET/USD price chart by TradingView