VeChain (VET) Price Tops $0.0420 on Exchanges

VeChain (VET) traded down 15.8% against the U.S. dollar during the 1 day period ending at 21:00 PM ET on April 12th. One VeChain coin can now be bought for approximately $0.0420 or 0.00000063 BTC on popular exchanges. During the last week, VeChain has traded 3.4% higher against the U.S. dollar. VeChain has a market capitalization of $3.06 billion and $234.14 million worth of VeChain was traded on exchanges in the last day.

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. The official message board for VeChain 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. The official website for VeChain is www.vechain.org. VeChain’s official Twitter account is @vechainofficial and its Facebook page is accessible 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 acquire VeChain should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase VeChain using one of the exchanges listed above.

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