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VeChain

VETUSD
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0.009

+0.000+4.92%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
M
D

Today

+5.04%

5 Days

+12.74%

1 Month

+72.78%

6 Months

+21.50%

Year to Date

-16.25%

1 Year

-64.61%

Key Data Points

Opening Price

0.008

Previous Closing Price

0.008
Price Range of the Day
0.0080.009
52-Week Price Range
0.0040.024
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VeChain Technical Analysis

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Technical Indicators

Strong buy

Summary

Buy

Moving Average

Strong buy

More Details of VeChain

VeChain (VET) is a versatile enterprise-grade Layer 1 smart contract platform that was created in 2015. It is known as a pioneer in real-world enterprise applications, leveraging technologies like the Internet of Things (IoT), NFC chips, and blockchain to help various industries solve data-related challenges. One of VeChain's key innovations is its intelligent two-token model, which separates the platform's store of value (VET) and gas fee payment mechanism (VTHO). This ensures that costs can be kept low and stable for businesses using the network. VeChain also offers features like fee delegation, which allows smart contracts to pay gas fees on behalf of users, and an advanced transaction model that enables more efficient data packaging while ensuring data finality. The VeChainThor blockchain is focused on delivering a range of incentive-based sustainability dApps through its VeBetterDAO initiative, working closely with organizations like Boston Consulting Group to drive adoption across enterprise and individual users. VeChain's goal is to help onboard the next billion users to Web3 over the coming decade. VeChain was co-founded by Sunny Lu, a former CIO of Louis Vuitton China, and Jay Zhang, who previously worked at Deloitte and PriceWaterhouseCoopers in finance and risk management. As one of the oldest dedicated smart contract platforms, VeChain has built a strong reputation among enterprise clients, particularly in industries like supply chain management, where its technology can provide a decentralized trust layer and improve transparency, efficiency, and security.

What makes VeChain (VET) unique?

VeChain is unique in its focus on real-world enterprise applications of blockchain technology. The platform was created to help various industries solve data-related challenges through the use of IoT technologies, NFC chips, and blockchain. VeChain's two-token model (VET and VTHO) separates the protocol's store of value and gas fee payment mechanisms, helping to keep costs low and stable. VeChain also utilizes advanced transaction models to package data efficiently while ensuring finality.

How does VeChain work?

VeChain uses an intelligent two-token model with VET and VTHO. VET acts as the store of value, while VTHO is used to pay for gas fees on the network. This separation helps ensure costs remain low and stable. VeChain also employs fee delegation, which allows smart contracts to pay gas fees on behalf of business users. Additionally, VeChain's advanced transaction model allows data to be packaged more efficiently while maintaining finality.

How is the VeChain Network secured?

The VeChain network is secured through a Proof of Authority (PoA) consensus mechanism. Under PoA, a limited number of pre-approved "authority nodes" are responsible for validating transactions and adding new blocks to the blockchain. These authority nodes are established entities with real-world identities, such as businesses and institutions, which helps to ensure the network's security and integrity.

VeChain

0.009
+0.000+4.92%
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