VeChain
About VeChain
The price of VeChain (VET) is $0.02096597 today, as of Sep 16 08:24 p.m., with a 24-hour trading volume of $17.99M. Over the last 24 hours, the price has decreased by -3.39%. VeChain currently has a circulating supply of 80.99B and a market cap of $1.70B.
The VET asset is the native cryptocurrency of the VeChain project.
The VeChain ecosystem is a software environment that incentivizes network participants to run a distributed network supporting decentralized applications. This approach aims to let businesses digitally collaborate through new tools, enhanced data transfers and supply chain management solutions.
The VET price reached an all-time high value of $0.280991 on April 19, 2021. It’s all-time low of $0.00191713 was recorded on March 13, 2020.
The VET asset has a supply cap of 86,712,634,466 tokens.
The VET token was initially issued as an ERC-20 token on Ethereum under the VEN ticker. However, it was changed to VET once the VeChainThor blockchain went live, with VEN being swapped to VET at a 1:100 ratio.
One billion tokens were minted initially, with 41% sold during a public sale, 9% used for a private sale and 14% going to enterprise investors. Team members received 5%, and 12% of the supply was set aside to fund day-to-day operations.
The supply has remained stable since late 2019, and no more VET are being issued today.
VET was a relatively quiet coin between its launch and late December 2020. Since then, it peaked at its all-time high in April 2021 but lost over 80% in the following months, dipping to $0.058 in July 2021. It has seen a few ups and downs since then, but never got past $0.176 again. It does not appear subject to pump-and-dumps but rather follows the overall industry trend and sentiment.