VeChain (VET) 24-Hour Volume Hits $14.48 Million

VeChain (VET) traded up 1.3% against the US dollar during the twenty-four hour period ending at 16:00 PM Eastern on September 7th. One VeChain coin can currently be purchased for about $0.0202 or 0.00000037 BTC on popular exchanges. Over the last seven days, VeChain has traded 7.1% lower against the US dollar. VeChain has a market cap of $1.64 billion and approximately $14.48 million worth of VeChain was traded on exchanges in the last 24 hours.

VeChain Profile

VeChain is a Proof of Authority coin that uses the VeChainThor Authority hashing algorithm. Its launch 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. The official website for VeChain is www.vechain.org. The official message board for VeChain 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.

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 possible to buy alternative cryptocurrencies such as VeChain directly using U.S. dollars. Investors seeking to acquire VeChain should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy VeChain using one of the aforementioned exchanges.

VET/USD price chart by TradingView