VeChain Market Cap Tops $7.21 Billion (VET)

VeChain (CURRENCY:VET) traded 1.6% higher against the U.S. dollar during the 1-day period ending at 7:00 AM Eastern on June 15th. VeChain has a total market capitalization of $7.21 billion and $688.82 million worth of VeChain was traded on exchanges in the last 24 hours. One VeChain coin can now be bought for approximately $0.11 or 0.00000282 BTC on popular exchanges. During the last week, VeChain has traded up 1.1% against the U.S. dollar.

VeChain Coin Profile

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VET is a Proof of Authority coin that uses the VeChainThor Authority hashing algorithm. Its genesis date was August 15th, 2017. VeChain’s total supply is 86,712,634,466 coins and its circulating supply is 64,315,576,989 coins. The Reddit community for VeChain is /r/vechain and the currency’s Github account can be viewed here. VeChain’s official Twitter account is @Vechain1 and its Facebook page is accessible here. VeChain’s official website is www.vechain.org.

According to CryptoCompare, “VeChain’s Blockchain-as-a-Service (“BaaS”) platform is called ToolChain. ToolChain is a comprehensive blockchain platform offering diverse services including: product lifecycle management, supply chain process control, data deposit, data certification, and process certification. With ToolChain, any sized business can utilize blockchain technology to further enhance brand perception and value as well as to expand into new business models. “

Buying and Selling VeChain

It is usually not currently possible to purchase alternative cryptocurrencies such as VeChain directly using US dollars. Investors seeking to acquire VeChain should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase VeChain using one of the exchanges listed above.

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