VeChain VET

1. Summary

Ranks

Liquidity

99

Developer

73

Social

100

Momentum (beta)

73

Stack Rank™

90

Price

$0.03 +4.5%

Market Cap

$2.32B (#42)

Supply

72.71B / 85.99B

Tags

Smart Contracts Internet of Things (IOT) Artificial Intelligence Business Platform

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Price
52W High price	$0.05
52W High date	3rd Mar 2024 (4 months ago)
All Time High (ATH) Date	19th Apr 2021 (3 years ago)
ATH Price	$0.28
% From ATH	-87.2%
All Time Low (ATL) Date	13th Mar 2020 (4 years ago)
ATL Price	$0.001917130000
% From ATL	1776.79%

Supply & Trading Volume
Trading Volume (24h)	$26.99M
Total Supply	85.99B
Max Supply	86.71B
Circulating Supply	72.71B

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Description

VeChain is a fully programmable EVM compatible L1 smart contract platform that is adaptable to wide-ranging real-world needs. The platform was launched in 2015 by Sunny Lu, initially as a private consortium network. VeChain’s native cryptocurrency is VET. The VeChainThor blockchain was launched in 2018, replacing the initial Ethereum-based VEN toke...

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VeChain is a fully programmable EVM compatible L1 smart contract platform that is adaptable to wide-ranging real-world needs. The platform was launched in 2015 by Sunny Lu, initially as a private consortium network. VeChain’s native cryptocurrency is VET. The VeChainThor blockchain was launched in 2018, replacing the initial Ethereum-based VEN token.

The VeChainThor blockchain features two native tokens, VET and VTHO, which ensure stability in transaction costs. The VET token serves as a value transfer medium, while VTHO is used for transaction fees. This separation ensures low and stable transaction costs. VeChainThor utilizes an advanced Proof-Of-Authority consensus mechanism, providing high throughput, scalability, and security while minimizing energy consumption.

VeChain Technology pioneer real-world blockchain applications globally with offices spread across China, Singapore, Luxembourg, Japan, France, San Marino, and the United States.Strong independent development capabilities combined with strategic partnerships with companies like PwC and DNV GL have enabled VeChain to establish partnerships with leading enterprises such as Walmart China, Bayer China, BMW Group, BYD Auto, PICC, H&M Group, Shanghai Gas, LVMH, D.I.G, ASI Group, and more.### Key Features

• Dual Token Model: VET and VTHO tokens for stability and transaction fees.
• Proof-of-Authority Consensus: Energy-efficient and secure consensus mechanism.
• Real-World Applications: Tracking shipments, supply chain management, De-Fi, NFTs, and more.
• Global Partnerships: Collaborations with leading brands and enterprises across various industries.
• Scalability and Security: High throughput and security with minimal energy consumption.

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