Convert and Swap vechain VET to United States Dollar USD

VET/USD: 1 vechain equals $0.0202 USD

Last update: 10:39 PM, November 5, 2024

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vechain is falling this week.

The current price of vechain is $0.0202 per VET. With a circulating supply of 80,985,041,177 VET, it means that vechain has a total market cap of $1,621,838,303.51. The amount of vechain traded has risen by $473,619.66 in the last 24 hours, which is a 2.19% increase. Additionally, in the last day, $21,621,136.50 worth of VET has been traded.

$1.6B
$21.6M
81B VET

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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 United States Dollar differ

VeChain (VET) and the US Dollar (USD) are two distinct forms of value representation, each with its unique characteristics. VeChain, an 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, creating a secure environment for all parties involved. VeChain's platform includes VeBetterDAO, a wave of incentive-based sustainability dApps, aiming to onboard the next billion users to Web3 over the coming decade. On the other hand, the US Dollar is a traditional fiat currency, issued and regulated by the Federal Reserve. It's a physical and digital currency used for everyday transactions and serves as the world's primary reserve currency. Unlike VeChain, the USD doesn't utilize blockchain technology, and its value is not determined by a decentralized network of participants but by the economic policies of the US government. The USD is also not subject to a maximum supply limit, unlike VeChain, which has a fixed maximum supply of 86,712,634,466 tokens.

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VET to United States Dollar conversion tables

The exchange rate of vechain is increasing.

The current value of 1 VET is $0.02 USD. In other words, to buy 5 vechain, it would cost you $0.10 USD. Inversely, $1.00 USD would allow you to trade for 49.62 VET while $50.00 USD would convert to 2,480.77 VET, not including platform or gas fees.

In the last 7 days, the exchange rate has fallen by 11.77%. Meanwhile, in the last 24 hours, the rate has changed by 4.24%, and that the the highest exchange rate of 1 VET to United States Dollar was $0.0203 USD and the lowest 24 hour value was 1 VET for $0.0191 USD. This time last month, the value of 1 VET was $0.02 USD, which is a 11.57% increase from where it is now. Looking back a year, vechain has changed by $0.02 USD. That means that in a single year, the value of vechain has shrank by 5.81%.

VET to USD performance history

Price 24H ago
Change 24H
Price 1W ago
Change 1W
Price 1M ago
Change 1M
Price 1Y ago
Change 1Y
$0.0193 USD
4.24%
$0.0227 USD
-11.77%
$0.0226 USD
-11.57%
$0.0206 USD
-5.81%

VET to USD

Amount
Today at 10:39 pm
0.5 VET
$0.0101
1 VET
$0.0202
5 VET
$0.1008
10 VET
$0.2016
50 VET
$1.0078
100 VET
$2.0155
500 VET
$10.0775
1,000 VET
$20.1550

USD to VET

Amount
Today at 10:39 pm
0.5 USD
24.81 VET
1 USD
49.62 VET
5 USD
248.08 VET
10 USD
496.15 VET
50 USD
2,480.77 VET
100 USD
4,961.55 VET
500 USD
24,807.74 VET
1,000 USD
49,615.48 VET

Today vs. 24 hours ago

Amount
Today at 10:39 pm
24 hours ago
24H Change
0.5 VET
$0.0101
$0.0097
+4.04%
1 VET
$0.0202
$0.0194
+4.04%
5 VET
$0.10
$0.0969
+4.04%
10 VET
$0.20
$0.19
+4.04%
50 VET
$1.01
$0.97
+4.04%
100 VET
$2.02
$1.94
+4.04%
500 VET
$10.08
$9.69
+4.04%
1,000 VET
$20.15
$19.37
+4.04%

Today vs. 1 month ago

Amount
Today at 10:39 pm
1 months ago
1M Change
0.5 VET
$0.0101
$0.0114
-11.28%
1 VET
$0.0202
$0.0227
-11.28%
5 VET
$0.10
$0.11
-11.28%
10 VET
$0.20
$0.23
-11.28%
50 VET
$1.01
$1.14
-11.28%
100 VET
$2.02
$2.27
-11.28%
500 VET
$10.08
$11.36
-11.28%
1,000 VET
$20.15
$22.72
-11.28%

Today vs. 1 year ago

Amount
Today at 10:39 pm
1 year ago
1Y Change
0.5 VET
$0.0101
$0.0103
-2.33%
1 VET
$0.0202
$0.0206
-2.33%
5 VET
$0.10
$0.10
-2.33%
10 VET
$0.20
$0.21
-2.33%
50 VET
$1.01
$1.03
-2.33%
100 VET
$2.02
$2.06
-2.33%
500 VET
$10.08
$10.32
-2.33%
1,000 VET
$20.15
$20.64
-2.33%

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