VET VeChain Prices, Charts and Graphs | Coinread
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VeChainVET#21

$0.13
-11.06% (-$0.016, 24H)
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  • Market Cap$8,163,572,154
  • Volume (24H)$703,923,821
  • Circulating Supply64,315,576,982
  • Max Supply86,712,634,466
  • High (24H)$0.14
  • Low (24H)$0.12
  • Change (1H)-0.63%
  • Change (7D)3.90%
  • Change (1M)44.34%
  • Change (1Y)1,178.89%

Launched in 2015, VeChain (VET) describes itself as ‘a pioneer of real-world applications using public blockchain technology’ and raised $60 million in ETH during its initial coin offering two years later. As an enterprise-focused blockchain ecosystem, VeChain enhances the management of supply chains by allowing manufacturers to assign unique identifiers to products on its platform. On that basis, VeChain’s users can trace and verify an item’s provenance and movements for full transparency and integration with economies beyond the blockchain. A comprehensive governance structure, based on an All-Authority Masternode Operator, maintains the network’s protocol with a Proof-of-authority mechanism. Matched with a ‘robust economic model’, that technology has allowed VeChain to expand operations around the world with hubs from Singapore to Luxembourg and Tokyo to San Francisco.

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