VeChain Self Reported Market Capitalization Tops $3.56 Billion (VET)

VeChain (VET) traded 0.3% lower against the dollar during the 1-day period ending at 20:00 PM Eastern on March 4th. VeChain has a total market cap of $3.56 billion and $194.08 million worth of VeChain was traded on exchanges in the last 24 hours. One VeChain coin can currently be purchased for approximately $0.0489 or 0.00000071 BTC on major cryptocurrency exchanges. During the last seven days, VeChain has traded 4.2% lower against the dollar.

VeChain Profile

VET is a Proof of Authority coin that uses the VeChainThor Authority hashing algorithm. Its genesis 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 message board is vechainofficial.medium.com. 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 website for VeChain 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.”

VeChain Coin Trading

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

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