VeChain Price Reaches $0.0483 (VET)

VeChain (VET) traded down 0.4% against the dollar during the twenty-four hour period ending at 21:00 PM E.T. on February 28th. One VeChain coin can currently be bought for approximately $0.0483 or 0.00000079 BTC on popular exchanges. In the last seven days, VeChain has traded up 15.2% against the dollar. VeChain has a total market cap of $3.51 billion and approximately $334.80 million worth of VeChain was traded on exchanges in the last day.

VeChain Coin Profile

VET is a Proof of Authority coin that uses the VeChainThor Authority hashing algorithm. It was first traded on 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 message board 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. VeChain’s official Twitter account is @vechainofficial and its Facebook page is accessible here. VeChain’s official website is www.vechain.org.

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

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