WHAT IS VeChain(VEN)?
VeChain(sign: VEN) is a global digital currency traded in international financial markets and originally used by members of a social network service, Hub Culture, to buy, share, and trade knowledge, goods, and services. The value of Ven is determined on the financial markets from a basket of currencies, commodities and carbon futures.It reduces errors and instance of lost items by helping customers and manufacturers keep track of their orders and the integrity of each order. VeChain allows the manufacturers to set special attributes and particular product identities for each product. The transportation of supplies can be made clean and clear by maintaining a ledger, and its information is available to anybody with the private keys.The system makes use of the blockchain’s ability to be crystal clear and anonymous at the same time, depending on what level of access is granted to each.
VeChain (VEN): HISTORY
A computer networking specialist Sunny Lu designed the VeChain concept in 2015 and developed around in 2016. Lu is a co-founder of the “blockchain-as-a-service” company, BITSE.VeChain officially launched on November 2nd, 2016, with additional adjustments, and documentation releases, with a widespread release of their “v3.0” client in May 2017 and token listing on altcoin exchanges by August 2017. The first model case scenario clients was a brand name Chinese wine importing company who saw VeChain as an appropriate solution to stop illegal distribution of imitation wines. They have distributed over 1 million bottles of wine for the company.
HOW DOES VeChain (VEN) WORK?
Through utilization of Ethereum’s vast and open-ended API source code, VeChain has developed what they describe as a “blockchain-enabled enterprise software platform”, which means that it is accomplishing its goals by plugging proprietary software into the Ethereum network, which allows it to act both privately and transparently at the same time.By scanning the QR code of a product, the customer can access the information of the product with the VeChain app. Sometimes product information is represented in a chip under the tag of a product.
HOW TO BUY VeChain (VEN)?
VEN is available on Binance, Lnank, Liqui, Gate.io, HitBTC, EtherDelta, Kucoin, and COSS. VeChain (VEN) now is open for trading on Binance, which can be traded with USD, BTC, and ETH. The users can send bitcoin to the exchange mentioned above accounts and buy VEN with BTC. There are many ways to buy bitcoin. Perhaps the easiest way is through Coinbase.
VeChain (VEN) PRICE PREDICTION 2018
VEN can be a profitable investment option. VeChain price equal to 4.263 USD at 2018-02-09. If you buy VeChain for 100 dollars today, you will get a total of 23.457 VEN. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-02-04 is 74.090 US Dollars. With a 5-year investment, the revenue is expected to be around +1637.94%. Your current $100 investment may be up to $1737.94 in 2022.VeChain (VEN) price today is $4.23 and have the current supply of 466,191,394 VEN. The market cap value is $1,970,688,921 and the volume is marked as $84,493,600.VeChain price prediction, VeChain price forecast, VEN price and news, VEN price forecast, VEN price prediction 2018, What is the price of VeChain 2018.