VeChain (VET) Trading 3.3% Lower This Week

VeChain (VET) traded 2.9% higher against the dollar during the 1 day period ending at 20:00 PM ET on October 29th. One VeChain coin can now be bought for $0.0226 or 0.00000031 BTC on popular cryptocurrency exchanges. VeChain has a total market cap of $1.83 billion and $26.27 million worth of VeChain was traded on exchanges in the last day. During the last week, VeChain has traded 3.3% lower against the dollar.

About VeChain

VeChain is a Proof of Authority coin that uses the VeChainThor Authority hashing algorithm. It launched on June 1st, 2016. VeChain’s total supply is 85,985,041,177 coins and its circulating supply is 80,985,041,177 coins. The official message board for VeChain is vechainofficial.medium.com. VeChain’s official Twitter account is @vechainofficial and its Facebook page is accessible here. The Reddit community for VeChain is https://reddit.com/r/vechain and the currency’s Github account can be viewed here. VeChain’s official website is www.vechain.org.

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.”

Buying and Selling VeChain

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

VET/USD price chart by TradingView