VET - VeChain Thor Price, Charts, All-Time High, Volume & Markets - In USD, EUR, CNY etc. | Nomics
1D
USD

VeChain Thor (VET)

VET Price
$0.017446
8.07%
Market Cap
$1.13B
8.07%
Volume
$171.80M
-7.10%
Transp. Vol.
19%-4.71%
Grade
A gradeA grade
Rank
#29

VET / VeChain Thor Price

(1 year)
Price Prediction:
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VeChain Thor Daily Performance

Today's VeChain Thor price is $0.017446, which is up 8% over the last 24 hours. VeChain Thor's market cap is $1.13B. 24 hour VET volume is $171.80M. It has a market cap rank of 29 with a circulating supply of 64,850,448,123 and max supply of 86,712,634,466. VeChain Thor is traded on exchanges. VeChain Thor had an all-time high of $0.026478 over 2 years ago. Over the last day, VeChain Thor has had 19% transparent volume.

VET Data Highlights
Market Cap
$1.13B
8.07%
Volume
$171.80M
-7.10%
Transp. Vol.
$31.38M19%-4.71%
Transparency GradeA gradeA grade(Transparent)
Circulating Supply64,850,448,123
Max Supply86,712,634,466
7D Price Prediction
N/A

VeChain Thor Statistics

Price

$0.017446
Price Change
$0.001303 (8.07%)

All-Time High

$0.026478
Date of ATH7/29/2018
Days Since ATH861
% of ATH65.89%
Price vs ATH

Market Cap

$1.13B
Mkt Cap Change
$84.53M$84,531,663 (8.07%)
Mkt Cap Rank29
Mkt Dominance<1%
Mkt Dominance

Circulating Supply

64,850,448,123
Max Supply86,712,634,466
% in Circulation74.79%
% in Circulation

Volume

$171.80M$171,799,517
Vol. Change
-$13.12M-$13,124,242 (-7.10%)
Exchange VolumeUnknown

Transparent Volume

19%
Transparent Volume (Δ)
-4.71%
Transparent Volume
A - 19%
B - 1%
C - 60%
D - 19%
? - 2%

About VeChain Thor

VeChain Thor (VET) is a cryptocurrency and smart contracts platform focused on enterprise use. It utilizes IoT technology (like NFC chips, RFID trackers, and QR codes) and connects them to a single distributed ledger. According to the VeChain Foundation, partnerships have been developed with companies in several industries including luxury goods, automotive, agriculture, logistics, food/drug, and governments.

Sunny Lu, former Chief Information Officer of Louis Vuitton China, founded VeChain in 2015. Initially, VeChain launched as an ERC-20 token called VEN. In August 2017, VeChain held an Initial Coin Offering (ICO) where 200,000 ETH was raised which was about $60 million at the time.

On June 30, 2018, VeChain released VeChain Thor on its own mainnet. With the roll-out of this independent blockchain, token holders swapped VEN for VET, at an exchange rate of 1:100. (VEN is no longer active.)

The VeChain Thor blockchain uses a dual token model. VET is the native token and functions as a store of value, whereas VTHO is used to pay for using and building apps on the blockchain. VTHO is automatically generated by owning VET. By using a dual token model, transaction fees remain more stable compared to a system where there is only one coin.

The VeChain Foundation, a Singapore based non-profit founded in 2017, maintains the VeChain Thor blockchain.

Instead of using fully decentralized consensus models like PoW or PoS, new blocks on the VeChain Thor blockchain are validated via a “Proof-of-Authority” (PoA) consensus algorithm. An innovation of the Proof of Stake model, PoA consensus uses identity and reputation as the form of stake instead of actual tokens. With VeChain Thor’s version of PoA, 101 known validators (Authority Nodes) produce new blocks on the blockchain. Each Authority Node requires full KYC, a formal application, dedicated hardware for the Node, 250 million VET at a minimum, and ultimately selected by the VeChain Foundation.

Because the identities and reputations of the validators are at stake, it’s argued that the validators will be held accountable and incentivized to work in the best interest of the network’s growth and security. The benefit of using trusted validators is increased blockchain efficiency which allows for greater scalability and lower transaction fees while still remaining secure.

There is no mining on the VeChainThor blockchain. A 51% attack would require that 51 of the 101 validators collude with one another, which is unlikely.

VeChain has a Blockchain-as-a-Service ("BaaS") platform called ToolChain. ToolChain is a blockchain platform offering services such as product lifecycle management, supply chain process control, data deposit, data certification, and process certification. ToolChain allows businesses of all sizes and technical abilities to utilize blockchain technology.

VeChain has a number of impressive enterprise-grade partners including Walmart China, BYD, Renault, BMW, and PricewaterhouseCooper.

VeChain is headquartered in Shanghai and has satellite offices in Singapore, Paris, Luxembourg, Palo Alto, Tokyo and Hong Kong.

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VeChain Thor Markets

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VeChain Thor Historical Data

(Past 7 Days)
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Frequently Asked Questions

  • What’s the current VeChain Thor price? How much is 1 VeChain Thor worth?

    The price of 1 VeChain Thor is $0.017446. Over the last 24 hours, a VeChain Thor is worth 8.07% more. Go here to convert VET prices to currencies other than USD.
  • When did VeChain Thor start?

    The earliest trading data for VeChain Thor is on July of 2018 (based on current exchange data).
  • How high can the VeChain Thor price go?

    VeChain Thor’s price has gone as high as $0.026478 (which is VET’s all-time high). It achieved this price over 2 years ago. Speculations abound for how high VeChain Thor’s price will get in the future.

Today's VET / VeChain Thor News for December 6, 2020

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