VeChain (VET) Explained in 6 Easy Steps

VeChain is a blockchain-based platform developed for meeting business needs and demands. The network’s native token is called VET.

  1. When was it founded and by whom?

Development activities for VET began in 2015; however, it was launched into the market in 2016. The developer and one of the co-founders of the project is IT manager and Louis Vuitton China’s CIO Sunny Lu and another co-founder is a financial & risk specialist Jay Zhang, who previously worked for Deloitte.

  1. VET’s infrastructure

VET is built on public blockchain-based VeChain network.

  1. What does it offer to users?

VET is based on a network where services such as procurement, retail, and logistics, etc. are integrated into blockchain technology. It is a platform that offers organizations and businesses BaaS-based services, including infrastructure, storage, and payment services.

  1. Can VET be mined?

VET is not a type of cryptocurrency that allows mining activities, but it offers staking.

  1. All-time low, all-time high (ATH), and total supply

VET’s all-time low price was $0.1484 on March 13th, 2020 while all-time high price was $2.46 on April 17th, 2021. Circulating supply of the cryptocurrency is 64,315,576,989 VET and the total supply is 86,712,634,466 VET.

  1. How to trade VET on Paribu?

By clicking on the link, you can trade VET on Paribu.

Bu içerik en son 26 October 2022 tarihinde güncellenmiştir.


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