Price Data, Market Cap & News for VeChain (VET) Cryptocurrency

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Live headlines about VeChain

Headlines are updated in real time. Click on a headline to the left to read the news.

VeChain Price and Market Cap information

Price Market cap 24h Volume
Total supply Circulating Supply Fully Diluted Valuation
ATH % ATH ATH date
ATL % ATL ATL date

A Brief Introduction to VeChain

VeChain is a blockchain platform designed to enhance supply chain management and business processes. Its goal is to streamline these processes and information flow for complex supply chains through the use of distributed ledger technology (DLT). The VET token serves as VeChain's native token.

The Creators and Major Contributors

VeChain was founded by Sunny Lu, the former CIO of Louis Vuitton China. He is supported by a strong team of seasoned professionals with backgrounds in various industries. This includes Jay Zhang, who previously worked for Deloitte and PwC, and Kevin Feng, with over 12 years of consulting experience with several Fortune 500 companies.

Token Supply

VeChain has a dual-token system. The VeChain Token (VET) and the VeThor Token (VTHO). The former is used to transfer value across VeChain's network, and the latter is used as energy or "gas" to power transactions. The maximum supply of VET is capped at 86.7 billion tokens, with over 64 billion currently in circulation.

Purchase Locations

VET can be purchased on several cryptocurrency exchanges, including Binance, Huobi Global, and KuCoin. It can be traded for cryptocurrencies, stablecoins, and fiat currencies depending on the platform.

Common Uses

VeChain's primary use is to create an ecosystem that solves some of the major issues with supply chain management. By leveraging the transparency and trustless nature of blockchain technology, VeChain provides retailers and consumers with the ability to determine the quality and authenticity of products. Additionally, VeChain's blockchain can be used to track logistics, inventory, and manage customer relationships.

Latest News and Developments

VeChain continues to develop its technology and network. Recently, they announced a partnership with the Royal Melbourne Institute of Technology (RMIT) Blockchain Innovation Hub, fostering research in blockchain technologies. VeChain also recently announced a collaboration with the Chinese government to develop a Free Trade Zone in Hainan with VeChain's blockchain technology used for services including infrastructure, planning and operations.

VeChain's Technological Advancements

VeChain has been making significant strides in the technological sphere. They've launched Sync 2, a digital wallet app designed to create a seamless user experience across different platforms. This development is expected to drive mass adoption of decentralized applications. In addition, VeChain has successfully upgraded to 'Proof of Authority 2.0', a protocol-level upgrade that enhances security.

VeChain's Role in Health and Safety

VeChain is also playing a crucial role in health and safety. They've developed the E-HCert App, a solution that helps people in Cyprus combat Covid-19 by validating lab results. They've also partnered with Renji Hospital in China to manage infection risk. Furthermore, VeChain's blockchain technology is being used in San Marino to verify Covid-19 vaccine certificates.

VeChain's Partnerships and Collaborations

VeChain has been forming strategic partnerships to broaden its reach. They've collaborated with Laava, an Australian company, to deliver sustainability and traceability solutions. They've also teamed up with INPI ASIA to create an end-to-end solution for their products. In the pet food industry, VeChain has partnered with Wang Wang At Home to ensure the quality of raw materials.

VeChain's Financial Standing

Despite the bearish conditions in the crypto market, VeChain's Q2 2022 financial report shows that it holds substantial reserves in stablecoin, VET, BTC, and ETH, enough to weather the current crypto winter. This recent news about VeChain shows its resilience and potential for growth in the future.

Live headlines about VeChain

Headlines are updated in real time. Click on a headline to the left to read the news.

VeChain Price and Market Cap information

Price Market cap 24h Volume
Total supply Circulating Supply Fully Diluted Valuation
ATH % ATH ATH date
ATL % ATL ATL date

A Brief Introduction to VeChain

VeChain is a blockchain platform designed to enhance supply chain management and business processes. Its goal is to streamline these processes and information flow for complex supply chains through the use of distributed ledger technology (DLT). The VET token serves as VeChain's native token.

The Creators and Major Contributors

VeChain was founded by Sunny Lu, the former CIO of Louis Vuitton China. He is supported by a strong team of seasoned professionals with backgrounds in various industries. This includes Jay Zhang, who previously worked for Deloitte and PwC, and Kevin Feng, with over 12 years of consulting experience with several Fortune 500 companies.

Token Supply

VeChain has a dual-token system. The VeChain Token (VET) and the VeThor Token (VTHO). The former is used to transfer value across VeChain's network, and the latter is used as energy or "gas" to power transactions. The maximum supply of VET is capped at 86.7 billion tokens, with over 64 billion currently in circulation.

Purchase Locations

VET can be purchased on several cryptocurrency exchanges, including Binance, Huobi Global, and KuCoin. It can be traded for cryptocurrencies, stablecoins, and fiat currencies depending on the platform.

Common Uses

VeChain's primary use is to create an ecosystem that solves some of the major issues with supply chain management. By leveraging the transparency and trustless nature of blockchain technology, VeChain provides retailers and consumers with the ability to determine the quality and authenticity of products. Additionally, VeChain's blockchain can be used to track logistics, inventory, and manage customer relationships.

Latest News and Developments

VeChain continues to develop its technology and network. Recently, they announced a partnership with the Royal Melbourne Institute of Technology (RMIT) Blockchain Innovation Hub, fostering research in blockchain technologies. VeChain also recently announced a collaboration with the Chinese government to develop a Free Trade Zone in Hainan with VeChain's blockchain technology used for services including infrastructure, planning and operations.

VeChain's Technological Advancements

VeChain has been making significant strides in the technological sphere. They've launched Sync 2, a digital wallet app designed to create a seamless user experience across different platforms. This development is expected to drive mass adoption of decentralized applications. In addition, VeChain has successfully upgraded to 'Proof of Authority 2.0', a protocol-level upgrade that enhances security.

VeChain's Role in Health and Safety

VeChain is also playing a crucial role in health and safety. They've developed the E-HCert App, a solution that helps people in Cyprus combat Covid-19 by validating lab results. They've also partnered with Renji Hospital in China to manage infection risk. Furthermore, VeChain's blockchain technology is being used in San Marino to verify Covid-19 vaccine certificates.

VeChain's Partnerships and Collaborations

VeChain has been forming strategic partnerships to broaden its reach. They've collaborated with Laava, an Australian company, to deliver sustainability and traceability solutions. They've also teamed up with INPI ASIA to create an end-to-end solution for their products. In the pet food industry, VeChain has partnered with Wang Wang At Home to ensure the quality of raw materials.

VeChain's Financial Standing

Despite the bearish conditions in the crypto market, VeChain's Q2 2022 financial report shows that it holds substantial reserves in stablecoin, VET, BTC, and ETH, enough to weather the current crypto winter. This recent news about VeChain shows its resilience and potential for growth in the future.