The live VeChain (VET) price is 0.023492, with a 24 hours Blynex trading volume of 48.06 M. The price of VeChain changed by 4.59% in the past 24 hours. With a circulating supply of 85.99 B VET and a maximum supply of 85.99 B VET coins. VeChain currently ranks #43 in market cap. You have the option to purchase VeChain (VET) on the Blynex exchange.
Date of Issue: 21.08.2021
VeChain (VET) is a leading enterprise-grade Layer 1 smart contract platform, launched in 2015....
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24H Value
48.06 M
Market Cap(USD)
2.02 B
Circulating
85.99 B
Total Supply
85.99 B
(VET) VeChain Live Price Data
About VeChain (VET)
VeChain (VET) is a leading enterprise-grade Layer 1 smart contract platform, launched in 2015. Buying VET on Blynex Exchange is easy: create an account, verify your identity, deposit funds, and start trading. Check out our guide on How to Buy VeChain (VET).
What is VeChain (VET)?
VeChainThor (VET) is a leading enterprise-grade Layer 1 smart contract platform, launched in 2015. Known for pioneering real-world enterprise applications, VeChain utilizes Internet of Things (IoT) technology, NFC chips, and blockchain to address industry-specific data challenges. The platform is designed to enhance supply chain management, sustainability, and beyond through blockchain integration.
Solving Blockchain Adoption Hurdles
VeChain addresses key blockchain adoption challenges by utilizing a two-token model: VET and VTHO. This model separates the Store of Value and gas fee payment mechanisms, helping keep costs low and stable. Additionally, VeChain’s fee delegation feature enables smart contracts to cover gas fees on behalf of users, while its advanced transaction model ensures efficient data packaging and reliable finality.
VeChain’s Sustainability Efforts
VeChain is actively focused on promoting sustainability through decentralized applications (dApps). The launch of VeBetterDAO aims to further its commitment to sustainable practices, collaborating with Boston Consulting Group to achieve widespread adoption across both enterprise and individual users. Over the next decade, VeChain plans to onboard the next billion users to Web3, driving real-world blockchain adoption.
VeChain’s Role in Business and Blockchain
From supply chain optimization to sustainability initiatives, VeChain has demonstrated its ability to drive blockchain adoption in business. Its commitment to creating transparent, trustworthy environments has positioned it as a leader in integrating blockchain technology into real-world industries. VeChain remains at the forefront of evolving business solutions, making significant strides in Web3 adoption and blockchain integration.
Who Are the Founders of VeChain (VET)?
VeChain was co-founded by Sunny Lu, a former CIO of Louis Vuitton China, who recognized the potential for blockchain to solve issues like transparency and trust in enterprise systems. His collaboration with top auditing firms like PriceWaterhouseCoopers and DNV has helped establish VeChain as a pioneer in the verification of industrial processes. Jay Zhang, the other co-founder, directs the platform's global governance and financial management, with previous experience at Deloitte and PriceWaterhouseCoopers.VET to local currency
- VET to USD0.0223604240
- VET to EUR0.0206643300
- VET to AUD0.0358213560
- VET to KRW32.915
- VET to JPY3.350
- VET to GBP0.017
- VET to INR1.911
- VET to CAD0.032
- VET to AED0.082
- VET to RUB1.873
VET to crypto currency
- VET to BTC0.0000002705
- VET to ETH0.0000122497
- VET to USDT0.0223677920
- VET to BNB0.0000369269
- VET to SOL0.0001795811
- VET to XRP0.0107265910
- VET to ADA0.0321262910
- VET to TRX0.0944998070
- VET to LTC0.0002691928
- VET to TON0.0054252163
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