Vechain is like other cryptocurrencies but is focused on supply chain management. Manufacturers can add RFID tags and sensors to their products. And later, the data will be added to the VeChain blockchain. At the time I am writing this article, the price has increased by around 1.5%. Right now, the price is $0.019139. Let’s check out the Vechain coinbase.
What Is VeChain?
In simple words, it is an enterprise-grade L1 platform. The platform started working in 2015. When the company started, it was a private consortium chain. With this platform, users can explore blockchain in a different way. And in 2017, the company started the public blockchain. It is based on the ERC 20 network, and in 2018, it launched the mainnet, and you can join it with the VET token.
The company aims for the global market, and its target is medical, food and beverages, energy, SDG goals, and sustainability. They use the leveraged trusted data and try to build a digital backbone. And to do that, there is a need for trustless and real-time data sharing.
To trust in cryptocurrency, you should definitely check the founders. It will increase credibility and trust in the company. The company was created by Sunny Lu. He was the CIO of Louis Vuitton China. Later, he left the company and started building VeChain.
Right now, he is a well-known name in the cryptocurrency industry. The company is famous for its transparency and trust-free blockchain. Another co-founder is Jay Zhang, who operates governance, global corporate structure, and financial management. He previously worked for PriceWaterhouseCoopers and Deloitte. And he has an experience in risk management and finance.
So, what makes this platform unique from other platforms? First of all, the aim of the company is to simplify the supply chain. Or you can say the aim is to change the traditional supply chain. The reason people trust the blockchain is that it is decentralized. The platform has ease of tracking, efficiency, and great security.
You may think that the cost of this may be high. But in reality, you can get trustless automation with a minimum cost. The main benefits of VeChain are automobile passports, incentivized ecosystems, international logistics, supply chain, and carbon. There is a wide range of industries and clients who believe in this platform.
When it comes to buying, selling, and trading cryptocurrency, Coinbase is one of the best in the game. Both protocol and location are quite good. You will definitely find popular cryptocurrencies on this platform. But there are some cryptocurrencies that are not easy to access. And VeChain is among them. You will find this token in Coinbase’s ecosystem. But there are other ways to get VeChain.
Vechain Coinbase: How To Buy Vechain On Coinbase
Suppose you are a loyal user of the Coinbase platform and are unable to find VeChain. Then follow these steps.
- First, you need to check CoinMarketCap to know the platforms from where you can buy the token. In CoinMarketCap, you will find every detail about a specific token. Go to the search option and type the name of the token. You can see the token, the whitepaper, and other details with the price. There will be a second currency, also. You can buy VET with USD, Bitcoin, LiteCoin, Ethereum, and other popular coins.
- Now that you know the platforms from where you can get VET tokens, it is time to research those platforms. Different platforms have different features. And there are a couple of things that you need to make sure like liquidity, reliability, and security. So take your time to open an account as soon as you find the platforms. And in that time, let’s look into every detail about that platform.
- As you have decided on the right platform for your purchase. It is time to get through the procedure. If you want to buy cryptocurrency, then the easy way is to buy it with fiat currency rather than other cryptocurrencies. First, you need to open an account and then verify it. After that, deposit fiat currency in your wallet, and finally, you are ready to trade.
- If you face any sort of issues, then feel free to contact the community for help. If the platform is reliable enough, then there must be Twitter, Youtube, Discord, and other channels. You will get chat support anytime you want.
If you are new in the crypto community, then you must hear about the term tokenomics. You should know the recent transactions. And the recent graph of price. Right now, the price of the token is $0.019139. In the last 24 hours, the trading volume is $25,996,129. In the last 24 hours, the price has increased by 1.98%. (All the data is current at the time of writing this article).
Right now, the current ranking of this token is 34. There are more than 20,000 cryptocurrencies in the market that have everyday transactions. The live market cap is $1,387,814,216, with a circulating supply of 72,511,146,416 tokens. And according to VeChain, the total supply is 86,712,634,466 VET.
Why are people using this platform in recent times? There are a couple of reasons. First of all, the company is aiming to secure a spot in different sectors. Secondly, everything with the blockchain is transparent and secure. So there is nothing that you need to worry about. Yes, you will not find this token on Coinbase right now, but soon the token will be added to this platform.
If you want the VeChain Coinbase listing date, then you need to keep track of Coinbase. You can do that simply by registering an account on the Coinbase platform. For that time, you can trade currencies on the platform. More or less, Vechain is one of the tokens that have the potential to give you profit. So, if you want to invest in this token, do it now.
If you have further queries, feel free to ask in the comment section below.