VeChain News

VET serves as a top-rated virtual currency that has been designed by the elite team of the world’s leading blockchain network, VeChain. The firm is an enterprise-focused blockchain network which aims to enhance the management and operational capacities of the core divisions of a business entity such as supply chain, data authenticity, and quality control, etc. Launched in 2015, the VeChain Foundation strives to set up a revolutionary digital ecosystem for business operations and the flow of information by employing the excellence of decentralized technology. The VeChain news today reveals that the coin is giving a stiff competition to other top-rated cryptocurrencies. The VeChain news revealed that the firm witnessed major support during its ICO launch in August 2017. Later, in 2018, VeChain rebranded itself as VeChainThor and expanded operations from supply chain management to Enterprise DApp solution providers. The latest VeChain news informed the investors that the total supply of VET tokens is 86,712,634,466. The news on VeChain token revealed that the VET token should be used as the native currency to run the business transactions on the blockchain network while the Thor Power (THOR) tokens shall be given to the VET holders to run the applications or execute smart contracts. As per the VeChain price news reports, the coin recorded the highest value of USD 0.019775 on September 4, 2018, and the lowest VeChain price of USD 0.001678 was seen on March 13, 2020. The VeChain latest news today predicts that VET price is likely to be fluctuating steeply in the coming years. The current VeChain news data affirms that the Proof-of-Authority consensus mechanism used by VeChain is a big catalyst in the growing popularity of the project.