VeChain Token (VET) Fundamentals and Technical Info | ADVFN

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VeChain Token (VET)

$ 0.04201 -0.00062 (-1.45%)

Low
0.014

52 Week Range

High
0.05499

0.00000063 BTC (+0.00%)

0.039390 € (-1.65%)

$ 0.042010 (-1.45%)

£ 0.014300 (+0.00%)

Market Cap	$3,064,916,885 45,810.15 BTC
Volume (24h)	$20,695,900 311.43 BTC
Circulating Supply	72,714,516,834 VET
Max Supply	86,712,634,466 VET
Algorithm	Not Mineable
Genesis Date	June 28 2018
Rank	1141

VeChain Token Basics

Rank	1141
Status	Active
Asset Type:	Coin
Website:	https://www.vechain.com/
Explorer:	https://explore.vechain.org/
Wallet:	https://env.vechain.org/
Announcement:
Description:	VeChainThor Blockchain is a public blockchain that is designed for mass business adoption of Blockchain technology to business owners. On June 29th, 2018, VeChain launched its mainnet, swapping the old VEN token on the Ethereum network for the new VeChain Token (100 VET to 1 VEN). The function of VET is to serve as value-transfer medium. VeChain Tokens generate VeThor (VTHO) over time. VeThor are used as payment for transactions and smart contract transactions.

VeChain Token Technical

Source Code:	https://github.com/vechain
Masternode:	Yes
Mineable:	No
Consensus Method:	PoA
PoS Block Reward:	See PoS Reward Information
PoS Reward Information:	- The amount of VTHO generated from hodling VET follows the formula: E = v * V * t, where E equals the amount of VTHO, v is the generation speed of VTHO from VET, V is the amount of VET and t is the amount of time used to accumulate VTHO from VET (t is counted in number of blocks rather than conventional time units). - The launch setting for parameter v is 5x10 VTHO per VET per block. Therefore, for 10K VET there will be 4.32 VTHO generated every 6 × 60 × 24 = 8,640 blocks (24 hours). - Economic Masternodes are rewarded a portion of VTHO generated by a pool of VET set aside by the foundation.
PoS Block Time (sec):	10
Premine:	86,716,234,500
Genesis Date:	June 28 2018
Maximum Supply:	86,712,634,466 VET

VeChain Token Blockchain Data

Updated:	Wed, 10 May 2023 01:05:05
Circulating Supply:	72,714,516,834

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