VeChain Reaches 24-Hour Volume of $133.45 Million (VET)

VeChain (VET) traded down 11.8% against the U.S. dollar during the 24-hour period ending at 11:00 AM Eastern on April 16th. VeChain has a market cap of $2.79 billion and approximately $133.45 million worth of VeChain was traded on exchanges in the last 24 hours. One VeChain coin can currently be purchased for approximately $0.0384 or 0.00000062 BTC on major cryptocurrency exchanges. Over the last seven days, VeChain has traded 12.8% lower against the U.S. dollar.

VeChain Coin 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 72,714,516,834 coins. VeChain’s official website 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. The official message board for VeChain 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.”

Buying and Selling VeChain

It is usually not possible to purchase alternative cryptocurrencies such as VeChain directly using US dollars. Investors seeking to acquire VeChain should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase VeChain using one of the exchanges listed above.

VET/USD price chart by TradingView