VeChain
VETBINANCE
Product information
What is VeChain (VET)?
VeChain is a layer-one blockchain project focused on enterprise use cases such as product tracking, supply chain transparency and sustainability data. The VeChainThor mainnet launched in 2018. The network uses a consensus model based on Proof of Authority, in which validators with known identities produce blocks. The network's development and ecosystem management are supported by the VeChain Foundation.
VeChainThor uses a dual-token model: VET is the network's value and staking token, while transaction fees are paid with a separate token, VeThor (VTHO). VTHO is generated through a mechanism linked to VET; this structure aims to partly decouple transaction costs from the market price of VET. The network also supports smart contracts compatible with the Ethereum Virtual Machine and aims to bring real-world data on-chain through enterprise partnerships.
On Lzzo.com, the VeChain price is shown by converting the Binance VET/USDT pair to US dollars using Coinbase's USDT/USD observation; it is a reference for information only.
Sources: vechain.org
- Name
- VeChain
- Symbol
- VET
- Market
- Crypto
What to look for in the technical analysis of VeChain
Moving averages help assess the trend and RSI helps assess momentum. Indicators are calculated from real history; when there is not enough history or the required candle fields are missing, the indicator is not calculated. Past results do not guarantee future performance.
Technical indicators
Calculated from observed daily candles (at least 201 observations). No intraday indicators. Indicators are descriptive, not a buy/sell recommendation.
Investment Return CalculatorWith observed closes over the past year
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