VeChain (VET) Self Reported Market Capitalization Achieves $5.42 Billion

VeChain (VET) traded up 4.9% against the US dollar during the 24 hour period ending at 11:00 AM ET on December 4th. One VeChain coin can currently be bought for about $0.0669 or 0.00000070 BTC on cryptocurrency exchanges. VeChain has a market cap of $5.42 billion and $822.18 million worth of VeChain was traded on exchanges in the last day. In the last seven days, VeChain has traded 56.1% higher against the US dollar.

VeChain 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. VeChain’s official Twitter account is @vechainofficial and its Facebook page is accessible here. VeChain’s official message board is vechainofficial.medium.com. The Reddit community for VeChain is https://reddit.com/r/vechain and the currency’s Github account can be viewed here. VeChain’s official website is www.vechain.org.

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 Coinbase, Changelly or GDAX. 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