Convert and Swap vechain VET to Euro EUR
VET/EUR: 1 vechain equals €0.0442 EUR
Last update: 5:40 PM, December 22, 2024
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vechain is falling this week.
The current price of vechain is €0.0442 per VET. With a circulating supply of 80,985,041,177 VET, it means that vechain has a total market cap of €3,583,059,169.54. The amount of vechain traded has fallen by €30,740,858.87 in the last 24 hours, which is a 21.50% decrease. Additionally, in the last day, €142,992,184.94 worth of VET has been traded.
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About vechain
VET is one of two native tokens on the VechainThor blockchain. VechainThor is an energy-efficient, sustainable network that global enterprises and governments can use to leverage smart contracts and decentralized applications. VET tokens are the “value-transfer medium” across the VechainThor blockchain. VET tokens govern the network and generate VTHO tokens. VTHO is the other native token of the VechainThor blockchain which is used to pay network gas fees.
VeChain (VET) is a versatile enterprise-grade L1 smart contract platform that originated in 2015. It is recognized for its pioneering role in real-world enterprise applications, utilizing a distributed platform powered by Internet of Things (IoT) technologies, NFC chips, and blockchain to address data-related challenges across various industries. VeChain employs an intelligent two-token model, VET and VTHO, to separate the protocol's store of value and gas fee payment mechanisms, ensuring stable and low costs. The platform is dedicated to driving real-world adoption of blockchain technology, with a focus on sectors ranging from supply chains to sustainability.
VeChain operates through unique identifiers known as VeChain IDs, which are assigned to products. These IDs, tracked by sensors at each step of a supply chain, create a secure environment for all parties involved, documenting and verifying movement data. The platform aims to provide comprehensive information about products and business processes, enhancing market transparency and making international trade more efficient. VeChain software allows enterprise developers to create and run decentralized applications (dApps), offering a higher level of services and goods. The platform also uses proprietary solutions and developments, including ToolChain, My StoryTool, the VeChainThor blockchain, and IoT technology to facilitate processes.
VeChain seeks to disrupt traditional business models, particularly in the supply chain industry. Its transparent technology with no single point of control allows for enhanced security, efficiency, and ease of tracking for all kinds of data, while reducing costs through trustless automation via smart contracts. The platform has wide appeal to many different clients and industries, from carbon and supply chain to international logistics and incentivized ecosystems. VeChain's platform also includes VeBetterDAO, a wave of incentive-based sustainability dApps, aiming to onboard the next billion users to Web3 over the coming decade.
VeChain was created by Sunny Lu, a former IT executive and CIO of Louis Vuitton China, and co-founder Jay Zhang, who previously worked for Deloitte and PriceWaterhouseCoopers in finance and risk management. Established in 2015, VeChain is one of the oldest dedicated smart contract platforms on the market. The platform has continuously demonstrated its leading role as a driver of blockchain in business, working closely with key auditing and certification consultants such as PriceWaterhouseCoopers and DNV to verify data quality and certify industrial processes. VeChain has a maximum fixed supply of 86,712,634,466 tokens and uses a Proof of Authority (PoA) consensus mechanism for network security.
How vechain and Euro differ
VeChain (VET) and the Euro (EUR) are two distinct forms of value representation, each with its unique characteristics and uses. VeChain, a versatile enterprise-grade L1 smart contract platform, aims to drive real-world adoption of blockchain technology across various sectors, from supply chains to sustainability. It operates through unique identifiers known as VeChain IDs, which are assigned to products and tracked by sensors at each step of a supply chain, creating a secure environment for all parties involved. VeChain's platform includes VeBetterDAO, a wave of incentive-based sustainability dApps, intending to onboard the next billion users to Web3 over the coming decade. On the other hand, the Euro is a traditional fiat currency used by 19 of the 27 member states of the European Union. It is regulated by the European Central Bank and the Eurosystem and is used for everyday transactions, from buying groceries to paying bills. Unlike VeChain, the Euro does not utilize blockchain technology and is not associated with smart contracts or dApps. It is a physical and digital currency that is widely accepted and recognized globally.
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VET to Euro conversion tables
The exchange rate of vechain is increasing.
The current value of 1 VET is €0.04 EUR. In other words, to buy 5 vechain, it would cost you €0.22 EUR. Inversely, €1.00 EUR would allow you to trade for 22.62 VET while €50.00 EUR would convert to 1,130.94 VET, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 20.8%. Meanwhile, in the last 24 hours, the rate has changed by 0.37%, and that the the highest exchange rate of 1 VET to Euro was €0.0455 EUR and the lowest 24 hour value was 1 VET for €0.0422 EUR. This time last month, the value of 1 VET was €0.03 EUR, which is a 37.27% decrease from where it is now. Looking back a year, vechain has changed by €0.03 EUR.
VET to EUR performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
€0.0439 EUR | 0.37% | €0.0552 EUR | -20.80% | €0.0317 EUR | 37.27% | €0.0327 EUR | 25.10% |
VET to EUR
Amount | Today at 5:40 pm |
|---|---|
0.5 VET | €0.0221 |
1 VET | €0.0442 |
5 VET | €0.2211 |
10 VET | €0.4421 |
50 VET | €2.2106 |
100 VET | €4.4211 |
500 VET | €22.1055 |
1,000 VET | €44.2111 |
EUR to VET
Amount | Today at 5:40 pm |
|---|---|
0.5 EUR | 11.31 VET |
1 EUR | 22.62 VET |
5 EUR | 113.09 VET |
10 EUR | 226.19 VET |
50 EUR | 1,130.94 VET |
100 EUR | 2,261.88 VET |
500 EUR | 11,309.39 VET |
1,000 EUR | 22,618.77 VET |
Today vs. 24 hours ago
Amount | Today at 5:40 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 VET | €0.0221 | €0.0219 | +1.07% |
1 VET | €0.0442 | €0.0437 | +1.07% |
5 VET | €0.22 | €0.22 | +1.07% |
10 VET | €0.44 | €0.44 | +1.07% |
50 VET | €2.21 | €2.19 | +1.07% |
100 VET | €4.42 | €4.37 | +1.07% |
500 VET | €22.11 | €21.87 | +1.07% |
1,000 VET | €44.21 | €43.74 | +1.07% |
Today vs. 1 month ago
Amount | Today at 5:40 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 VET | €0.0221 | €0.0158 | +40.04% |
1 VET | €0.0442 | €0.0316 | +40.04% |
5 VET | €0.22 | €0.16 | +40.04% |
10 VET | €0.44 | €0.32 | +40.04% |
50 VET | €2.21 | €1.58 | +40.04% |
100 VET | €4.42 | €3.16 | +40.04% |
500 VET | €22.11 | €15.78 | +40.04% |
1,000 VET | €44.21 | €31.57 | +40.04% |
Today vs. 1 year ago
Amount | Today at 5:40 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 VET | €0.0221 | €0.0172 | +28.35% |
1 VET | €0.0442 | €0.0344 | +28.35% |
5 VET | €0.22 | €0.17 | +28.35% |
10 VET | €0.44 | €0.34 | +28.35% |
50 VET | €2.21 | €1.72 | +28.35% |
100 VET | €4.42 | €3.44 | +28.35% |
500 VET | €22.11 | €17.22 | +28.35% |
1,000 VET | €44.21 | €34.45 | +28.35% |
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