VeChain (VET) Self Reported Market Capitalization Achieves $1.77 Billion

VeChain (VET) traded up 1.8% against the dollar during the 1 day period ending at 13:00 PM ET on September 10th. Over the last week, VeChain has traded up 4.1% against the dollar. One VeChain coin can currently be purchased for approximately $0.0218 or 0.00000038 BTC on popular cryptocurrency exchanges. VeChain has a market cap of $1.77 billion and $14.26 million worth of VeChain was traded on exchanges in the last day.

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 80,985,041,177 coins. The official website for VeChain is www.vechain.org. 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. VeChain’s official message board 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 presently possible to purchase alternative cryptocurrencies such as VeChain directly using U.S. dollars. Investors seeking to trade VeChain should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase VeChain using one of the exchanges listed above.

VET/USD price chart by TradingView