VeChain Price Hits $0.0408 (VET)

VeChain (VET) traded 5.1% lower against the dollar during the 24-hour period ending at 9:00 AM Eastern on March 17th. One VeChain coin can now be purchased for approximately $0.0408 or 0.00000061 BTC on exchanges. VeChain has a total market cap of $2.96 billion and $111.04 million worth of VeChain was traded on exchanges in the last day. Over the last seven days, VeChain has traded 15.3% lower against the dollar.

VeChain Coin Profile

VeChain (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. The official website for VeChain is www.vechain.org. The Reddit community for VeChain is https://reddit.com/r/vechain and the currency’s Github account can be viewed here. 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 buy alternative cryptocurrencies such as VeChain directly using US dollars. Investors seeking to acquire VeChain should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy VeChain using one of the exchanges listed above.

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