VeChain (VET) Self Reported Market Cap Reaches $2.08 Billion

VeChain (VET) traded up 0.2% against the US dollar during the one day period ending at 19:00 PM ET on June 15th. One VeChain coin can now be bought for about $0.0286 or 0.00000043 BTC on popular exchanges. During the last seven days, VeChain has traded down 9.4% against the US dollar. VeChain has a total market capitalization of $2.08 billion and $32.44 million worth of VeChain was traded on exchanges in the last 24 hours.

VeChain Coin Profile

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 72,714,516,834 coins. VeChain’s official message board is vechainofficial.medium.com. 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.

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 US dollars. Investors seeking to acquire VeChain should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase VeChain using one of the aforementioned exchanges.

VET/USD price chart by TradingView