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Rank #34
VeChain Price (VET)
VeChain (VET)
$0.029738992229 -5.0%
0.00000130 BTC -1.6%
313,591 people like this
24H Range
Market Cap $2,157,329,648
24 Hour Trading Vol $106,357,540
Fully Diluted Valuation $2,579,848,016
Circulating Supply 72,511,146,418
Total Supply 85,985,041,177
Max Supply 86,712,634,466
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VeChain Price Chart (VET/USD)

Last updated 02:15AM UTC. Currency in USD.


Convert VET to USD


1 VET = $0.029738992229

VET Price Statistics

VeChain Price Today
VeChain Price $0.029764225217
24h Low / 24h High $0.029519672565 / $0.031918985869
7d Low / 7d High $0.028031322883 / $0.032568936800
Trading Volume $106,423,442
Market Cap Rank #34
Market Cap $2,157,329,648
Market Cap Dominance 0.191%
Volume / Market Cap 0.0494
All-Time High $0.280991 -89.4%
Apr 19, 2021 (over 1 year)
All-Time Low $0.001917133347 1453.4%
Mar 13, 2020 (over 2 years)

VET Price Today

VeChain price today is $0.029738992229 with a 24-hour trading volume of $106,357,540. VET price is down -5.0% in the last 24 hours. It has a circulating supply of 73 Billion VET coins and a total supply of 86 Billion. If you are looking to buy or sell VeChain, Digifinex is currently the most active exchange.

What was the highest price for VeChain?

VeChain hit an all time high of $0.280991 on Apr 19, 2021 (over 1 year).

What was the lowest price for VeChain?

VeChain had an all time low of $0.001917133347 on Mar 13, 2020 (over 2 years).

What was the 24 hour trading volume of VeChain?

The 24 hour trading volume of VeChain is $106,357,540.

Where can VeChain be traded?

You can trade VeChain on Digifinex, WOO Network, and Binance. Popular trading pairs for VeChain in the market includes VET/USD, VET/CAD, VET/EUR, VET/PHP, VET/INR, and VET/IDR.

What is Vechain?

VeChain (VET) is a versatile enterprise-grade L1 smart contract platform.

VeChain began in 2015 as a private consortium chain, working with a host of enterprises to explore applications of blockchain. VeChain would begin their transition to public blockchain in 2017 with the ERC-20 token VEN, before launching a mainnet of their own in 2018 using the ticker VET.

VeChain aims to use distributed governance and Internet of Things (IoT) technologies to create an ecosystem which solves major data hurdles for multiple global industries from medical to energy, food & beverage to sustainability and SDG goals. By leveraging the power of trustless data, VeChain is building the digital backbone that will underpin the fourth industrial revolution, which demands real-time and trustless data sharing between many participants.

The platform uses two tokens, VET and VTHO, to manage and create value based on its VeChainThor public blockchain. VET generates VTHO and acts as the store of value and value transfer medium. VTHO is used to pay for GAS costs, separating the need to expend VET when writing data. This has the additional benefit of ensuring costs of using the network can be kept stable by tweaking certain variables such as the amount of VTHO required to service a transaction, or by increasing the VTHO generation rate. Such actions first require all-stakeholder community votes.

VeChain has been able to demonstrate massively boosted efficiency, traceability and transparency across data trails, supply chains and within novel kinds of ecosystems, such as those in San Marino targeting UN SDGs, among others.

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 Qtum, 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.

What is the token allocation for VET?

VET Allocation

The Vechain Foundation initially minted 1 Billion VEN tokens on the Ethereum blockchain in 2017. These VEN tokens were than swapped on a ratio of 1:100 for VET coins on the VeChainThor Mainnet which was launched in June 2018.

The Initial token distribution of VET is as follows:

  • 5.00% is allocated to Team

  • 41.00% is allocated to Crowdsale

  • 9.72% is allocated to Enterprise Investors

  • 13.28% is allocated to Burned

  • 9.00% is allocated to Private Investors

  • 22.00% is allocated to Operation Development

What is the supply schedule for VET?

The VeChainThor blockchain was launched in June 2018. VET was launched on the VeChainThor mainnet, post-upgrade migration from the VEN token on the Ethereum blockchain.The maximum supply of VET is capped at 86,712,634,466, with an inflationary type emission rate since genesis.

What are the funding rounds for VET?

  • $20.000.000 was raised in the Crowdsale on Sept 2017, funded by investors with an average price of $0.00072

Source: VeChain Executive Report

Last updated: 7 Aug 2022


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