VeChain (VET)

Max Supply: 0

Circulation: 85,985,041,177

Market Cap: $1,788,746,811

VET
USD

Listing Date:
2022-09-06, 06:47:43

Network:
VeChain Main Chain

Asset Type:
Coin

Primary Markets (0 active)

Total Market Volume: ~$0

Liquidity Pools (0 Active)

Total Pool Liquidity: ~$0

Market Volume

Hot Wallets

Deposit
Block #22120176 @ 3.19 min ago

Balance: 1.01000000

Updated: 3.09 min ago

Withdraw
Block #22120176 @ 3.19 min ago

Balance: 5079.40024409

Updated: 3.09 min ago

Highlighted Assets

Market Cap: $3.06K $0.000855

Market Cap: $533K $0.00766

Top Volumes

Biggest Gains

About VeChain

VeChain Thor (VET) is a cryptocurrency and smart contracts platform focused on enterprise use. It utilizes IoT technology (like NFC chips, RFID trackers, and QR codes) and connects them to a single distributed ledger. According to the VeChain Foundation, partnerships have been developed with companies in several industries including luxury goods, automotive, agriculture, logistics, food/drug, and governments.Sunny Lu, former Chief Information Officer of Louis Vuitton China, founded VeChain in 2015. Initially, VeChain launched as an ERC-20 token called VEN. In August 2017, VeChain held an Initial Coin Offering (ICO) where 200,000 ETH was raised which was about $60 million at the time.On June 30, 2018, VeChain released VeChain Thor on its own mainnet. With the roll-out of this independent blockchain, token holders swapped VEN for VET, at an exchange rate of 1:100. (VEN is no longer active.)The VeChain Thor blockchain uses a dual token model. VET is the native token and functions as a store of value, whereas VTHO is used to pay for using and building apps on the blockchain. VTHO is automatically generated by owning VET. By using a dual token model, transaction fees remain more stable compared to a system where there is only one coin.