What is VeChain? What Does VET Do? - Coinleaks
Current Date:November 7, 2024

What is VeChain? What Does VET Do?

What is VeChain? VeChain (VET) is a semi-centric cryptocurrency that is connected to the VeChain blockchain infrastructure. The project is a preferred altcoin that caters to corporate companies in the pharmaceutical, oil, automotive and mining industries. It is not possible to commit fraud or fraud in transactions in this sector. It has strict security systems. Also, VET Coin is a bipartisan cryptocurrency.

What is VeChain?

The aim of the project is to create two cryptocurrencies working together on the VeChain network. It is the VTHO Coin, which is created as a result of the stacking of assets that are used as a reserve for economic transactions in the network. VTHO Coin, on the other hand, is produced to meet the high gas fee required to use smart contracts. After the transaction, the remaining main VET Coin balance of the burned VTHO Coins is transferred back to the account. The project has emerged in order to eliminate the losses and errors that may occur on the supply chain.

Announced in cooperation with Shanghai in 2018, the project created its own verification system. Some products are verified and tracked with the help of the crypto industry. All transactions that occur on the VeChain network are paid via VET Coin. According to current data, the price of 1 VET Coin is 0.68 TL. It has lost 2.05% value in the last 24 hours. According to the CoinMarketCap ranking, it is in the 43rd place in the crypto money markets. Also, the 24-hour trading volume of VET Coin is TL 3,145,331,772. Its circulating supply is 64,315,576,989 VET Coins while its maximum max tier supply is 86,712,634,466 VET Coins.

VET Coin advantages:

Investors who stake their assets have the opportunity to earn passive income at the end of a certain maturity. VET Coin is a cryptocurrency that attaches great importance to its security. All transactions with VET Coin are carried out in high security. Thanks to its semi-decentralized network, it prevents negative events such as fraud. Investors receive the order confirmation that occurs in their buying-selling transactions within seconds. Cross-border transfers and exchanges between wallets take place within minutes.

What is VeChain? How to Get VET Coin?

  • VET Coin is listed on large and global exchanges such as Binance, Hotcoin Global, Mandala Exchange and FTX.
  • First of all, enter any exchange platform where the above-mentioned VET Coin is listed. Then enter the free account creation page.
  • Create your account after entering the requested information.
  • Complete the authentication process steps completely.
  • After the account opening and verification process is completed, transfer money to your account from the deposit menu of the stock exchange with the method that is convenient for you.
  • In the last step, enter the exchange tab where VET Coin is listed. You can easily get VET Coin at the current price or by entering the amount you want.