VET coin is the native coin of VeChain Network which focuses on blockchain supply chain solutions. When it was first created, VET coins were VEN tokens on the Ethereum blockchain. The company rebranded itself in 2018 and changed its tokens to VeChainThor VET coins on its own blockchain ecosystem. VeChain blockchain network uses the Proof of Authority consensus mechanism. Users can stake VET coins and gain VTHO tokens that are governance tokens for the VeChain network. Governance participators have different voting power depending on their VTHO holdings and KYC compliances.
With a total market cap of over $1.52 billion, VeChain is the No. 39 cryptocurrency by market size. The currency symbol for VeChain is VET, it was launched in August 2017 and it originated in China. There will only ever be 86.7 billion VeChain tokens issued. So far 72.7 billion tokens (83.9% of the total supply) have been issued.
We found crypto protocols offering up to 3% APY on VeChain deposits (3% APY CeFi) and loans as low as 8% APR against VeChain used as collateral. Check out our VeChain staking yields table and VeChain loan rates table for further details.
The technical price analysis for VeChain below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of VeChain.
QIs it possible to stake VeChain to generate passive income?
AYes, staking is available for VeChain on a number of platforms. For a full list of VeChain staking yields see our list of VeChain staking yields.
QHow much can I earn staking VeChain?
AYou can earn up to 3% APY by staking your VeChain tokens. Check out our VeChain staking yields table for further details.
QWhere is the best place to stake VeChain?
ARight now the best staking rates are on Crypto.com with an income rate of up to 3% APY.
QIs it a good time to buy VeChain?
AYou can check the technical indicators for VeChain on the VeChain Price Trend tab. These indicators are based on the analysis of multiple trading signals for VeChain.
QWhere is the best place to buy VeChain?
AYou can find the cheapest exchange on which to buy VeChain on the VeChain Buy tab.
QCan you get a VeChain loan without collateral?
AAlmost all VeChain loans require you to provide collateral of higher value than the value of the loan that you are tkaing it. The only exception to this is VeChain flash loans which allow you to borrow uncollateralised VeChain for a few seconds as part of a wider transaction. You will need advanced coding skills to take advantage of flahs loans. You can compare all VeChain loans on the VeChain Loans tab.
QWhich venture capital firms have invested in VeChain?
AThe following venture capital firms have invested in VeChain: Fenbushi Capital.
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