MarketsVeChain

VeChainVeChain PriceVETUSD

$0.04490225-1.27 %(24h)

Market Statistics

Market Cap$3.265B
24h Volume$141.12M
Circulating Amount$85.985B
Price Change (1h)-0.45 %
Price Change (24h)-1.27 %
Price Change (7 days)+47.93 %

About VeChain (VET)

VeChain Token (VET) is a cryptocurrency and smart contracts platform focused on supply chain management. It is the native governance and utility token that underpins the VeChainThor blockchain network and overall VeChain ecosystem. VET holders can contribute to the security and consensus of the network by holding VET within different nodes within the VeChainThor blockchain (AM’s, XN’s, EN’s).

 

VeChain Improvement Proposal (VIP)

A VeChain Improvement Proposal (VIP) is a mechanism used by VeChain and its underlying VeChainThor blockchain to allow VeChain ecosystem participants and community members to propose changes to VeChain’s protocol and development trajectory.

The flexibility and adaptability built into VeChain’s governance structure are critical for the success of any blockchain project, which is why it’s an important paradigm for others.

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