VeChain (VET) Price Tops $0.0314 on Major Exchanges

VeChain (VET) traded down 5.1% against the dollar during the twenty-four hour period ending at 21:00 PM E.T. on February 18th. During the last week, VeChain has traded 6.2% lower against the dollar. VeChain has a total market capitalization of $2.54 billion and $51.34 million worth of VeChain was traded on exchanges in the last day. One VeChain coin can currently be purchased for about $0.0314 or 0.00000033 BTC on cryptocurrency exchanges.

About VeChain

VET is a Proof of Authority coin that uses the VeChainThor Authority hashing algorithm. It was first traded on 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 buy alternative cryptocurrencies such as VeChain directly using U.S. dollars. Investors seeking to acquire VeChain should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy VeChain using one of the exchanges listed above.

VET/USD price chart by TradingView