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vechain  (VET)

VeChain (VET)

$0.02666070 -8.8%
0.00000088 BTC -3.7%
42,441 people like this
Market Cap
24 Hour Trading Vol
24h Low / 24h High
$0.02592747 / $0.02969415
Circulating Supply
64,850,448,123 / 86,712,634,466

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VeChain Price and Market Stats

VET Price $0.02666070
VeChain ROI 645.0%
Market Cap $1,738,313,462
Market Cap Dominance 0.19%
Trading Volume $290,582,958
Volume / Market Cap 0.1676
24h Low / 24h High $0.02592747 / $0.02969415
7d Low / 7d High $0.02808050 / $0.03477699
Market Cap Rank #25
All-Time High $0.03487689 -23.1%
Jan 21, 2021 (6 days)
All-Time Low $0.00191713 1298.2%
Mar 13, 2020 (11 months)
Affiliate disclosures
# Exchange Pair Price Spread +2% Depth -2% Depth 24h Volume Volume % Last Traded Trust Score
0.00000088 BTC
0.11% $604,533 $488,655
1690441291.000 VET
15.53% Recently
0.026571 USDT
0.11% $232,457 $217,604
1854001022.080 VET
16.91% Recently
0.00000088 BTC
1.12% $976,054 $535,027
465626684.523 VET
4.28% Recently
0.02649 USDT
0.21% $295,096 $381,597
903248260.900 VET
8.27% Recently
0.026541 USDT
0.16% $402,929 $119,652
950872364.800 VET
8.66% Recently
Show More
Anomaly BTC/USD Stale

About VeChain Coin

VeChain price today is $0.02666070 with a 24-hour trading volume of $290,582,958. VET price is down -8.8% in the last 24 hours. It has a circulating supply of 65 Billion VET coins and a max supply of 86.7 Billion. Oceanex is the current most active market trading it.

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.

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.

The solution of "hard forking" has made people question the idea of "de-centering" of Ethereum and even Blockchain. This way of governance is not so much a "democracy" as an "anarchy." VeChain development team highly regards blockchain’s decentralizing nature, yet intends to adopt some traditional corporate governance and thus improve the efficient formulation and implementation of the VeChain development and strategy for the benefit of the community to prevent and avoid serious blockchain design philosophy differences and irreconcilability.

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.

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