VeChain (VET) Price Reaches $0.0333 on Major Exchanges

VeChain (VET) traded 1.4% lower against the US dollar during the one day period ending at 17:00 PM E.T. on June 2nd. One VeChain coin can currently be bought for approximately $0.0333 or 0.00000049 BTC on popular cryptocurrency exchanges. VeChain has a market cap of $2.42 billion and approximately $39.41 million worth of VeChain was traded on exchanges in the last day. In the last seven days, VeChain has traded 6.5% lower against the US dollar.

VeChain Profile

VeChain (CRYPTO: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 Twitter account is @vechainofficial and its Facebook page is accessible here. The official website for VeChain is www.vechain.org. 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.

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

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