VeChain VeChain VET
VeChain Price (VET) $ 0.116856 (USD) -3.48097%

Rank #27
Sponsored

VeChain (VET) price graph

What is VeChain (VET) ?

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.

What is the current price of VeChain (VET) ?

The recent VeChain (VET) price today is $0.116856 USD. We update our VET to USD on frequent basis. The current VeChain situation is down -3.48097% in last 24 hours. The current grepget rank is #27. VeChain has a circulating supply of 66,760,741,299.0 VET.

VeChain
VET
VeChain
USD
USD
United state Dollar
VeChain Market Cap
Market Cap $7.8 billion USD
-3.60679%
Fully Diluted Market Cap $ USD

VeChain Price Statistics

VeChain Price Today
VeChain Price $ 0.116856USD
-3.48097%
Price Change 24h $-0.0042 USD
24h Low / 24h High $0USD / $0USD
Market Rank #27
VeChain Supply
Circulating Supply 66,760,741,299.0
Total Supply 86,712,634,466.0
Max Supply --

Top 10 cryptocurrency ranking

#1 Bitcoin Bitcoin (BTC) $ 47,680.0
#2 Ethereum Ethereum (ETH) $ 3,553.43
#3 Cardano Cardano (ADA) $ 2.42
#4 Tether Tether (USDT) $ 1.0
#5 Binance Coin Binance Coin (BNB) $ 421.94
#6 XRP XRP (XRP) $ 1.09
#7 Solana Solana (SOL) $ 151.43
#8 Polkadot Polkadot (DOT) $ 34.95
#9 Dogecoin Dogecoin (DOGE) $ 0.239028
#10 USD Coin USD Coin (USDC) $ 1.0
VeChain 24hr exchanges
# Exchanges Symbol Price High Price Low Price Volume Trade Count
1 Binance USD Buy VETBTC 0.00000243 0.00000255 0.00000242 229.88 18,217
2 Binance USD Buy VETETH 0.00003271 0.00003400 0.00003238 1,123.63 6,410
3 Binance USD Buy VETUSDT 0.11640000 0.12343000 0.11414000 84,463,220.39 175,370
4 Binance USD Buy VETBNB 0.00027590 0.00028650 0.00027380 5,005.7 4,284
5 Binance USD Buy VETBUSD 0.11648000 0.12325000 0.11418000 15,079,376.92 36,656
6 Binance USD Buy VETEUR 0.09917000 0.10478000 0.09737000 2,610,390.23 6,432
7 Binance USD Buy VETGBP 0.08493000 0.08991000 0.08318000 559,177.6 1,238
8 Binance USD Buy VETTRY 0.99140000 1.04 0.97250000 15,615,803.71 5,235