Rank #28
218,902 people like this
vechain  (VET)

VeChain (VET)

$0.098681481391 8.8%
0.00000227 BTC 3.5%
218,902 people like this
24H Range
Market Cap $6,612,642,346
24 Hour Trading Vol $539,208,378
Circulating Supply 66,760,741,299
Total Supply 86,712,634,466
Max Supply ?
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VeChain (VET) Price Chart

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VET Price and Market Stats

VET Price $0.098655611714
VeChain ROI 1032.3%
Market Cap $6,612,642,346
Market Cap Dominance 0.33%
Trading Volume $540,747,051
Volume / Market Cap 0.0821
24h Low / 24h High $0.085819303013 / $0.099611827025
7d Low / 7d High $0.087677292752 / $0.122640
Market Cap Rank #28
All-Time High $0.280991 -64.7%
Apr 19, 2021 (5 months)
All-Time Low $0.001917133347 5066.6%
Mar 13, 2020 (over 1 year)

VeChain Coin Price & Market Data

VeChain price today is $0.098681481391 with a 24-hour trading volume of $539,208,378. VET price is up 8.8% in the last 24 hours. It has a circulating supply of 67 Billion VET coins and a total supply of 86.7 Billion. If you are looking to buy or sell VeChain, HitBTC is currently the most active exchange.

What is Vechain?

VeChain is a blockchain-enabled platform that is designed to enhance supply chain management processes. By utilizing tamper-proof and distributed ledger technology, VeChain provides retailers and consumers with the ability to determine the quality and authenticity of products that are bought. From product source materials, to servicing history, and spare part replacements, every single piece of information about the supply chain movement of a product can be recorded and verified to bring about a supply chain management ecosystem that is secure for all participants. VeChain plans to achieve this secure supply chain management ecosystem via the method of asset digitization. VeChain enables manufactures to assign products with unique identities to the platform. This will allow manufacturers, supply chain partners, and even consumers, to track the movement of products through their supply chain.

Vechain Foundation

There is also the VeChain Foundation. The Vechain Foundation is a non - profit entity established in Singapore in July 2017 and is responsible for the construction of the network, and technological research and development. The Foundation also plays an important role in business development. The Foundation encourages and supports partnerships with enterprises that may be interested in utilizing blockchain technology as a service. This includes payment services, private key management, smart contract development, and wallet development. There is no doubt that blockchain technology can be an important innovation to supply chain management. With a growing list of business partnerships and technological developments, VeChain is positioning itself to be THE disruptive, and innovative force that reshapes the way we think about supply chain management.

VeChain team

Sunny Lu is the CEO of the VeChain Foundation and has already become an important figure in the blockchain space. Before he established VeChain, he co-founded the Chinese Internet start-up which developed <a href="https://www.coingecko.com/en/coins/qtum">Qtum</a>, a very important digital asset in the crypto space. He was previously the CIO and COO of Louis Vuitton China.The team behind VeChain consists of over 90+ employees, most of them being developers. Chief Technology Officer, Gu Jianliang, has over 18 years of experience in areas such as mobile devices and the IoT field, and has created over a 100 patents in several technological fields. Kevin Feng serves as the Chief Operations Officer of the VeChain Foundation. Feng has been actively involved in many technology projects in his 12 years working for VeChain’s partner, PWC, as a consultant and assurance advisor.

VeChain News & Guides

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