VeChain Prediction, Ven Forecast and Price Charts – Is it a good time to buy VeChain? What is the Ven price today? Metal Forecast, Short term and Long term Price Predictions for Next Months and Year: 2018, 2019 and 2020.
What is VeChain(VEN)?
VeChain is a blockchain-enabled platform that is designed to enhance supply chain management processes. VeChain offers retailers and consumers the ability to determine the quality and authenticity of products that are purchased by utilizing tamper-proof and distributed ledger technology. Every information regarding the purchase can be recorded and verified to bring about a supply chain management ecosystem that is secure for all participants.
Ven first appeared as an application on Facebook on 4 July 2007. In 2009, The Wall Street Journal described the currency as being pegged to the US dollar and used by Hub Culture’s users to trade goods, services, and knowledge. In April 2011, Hub Culture announced the first commodity trade priced in Ven, in a gold production contract valued at more than 233,000 Ven. In 2012, Hub Culture announced the development of Ven Funds, derivative financial products based on the Ven, including micro-finance and commodity asset pools. In January 2014, Ven became the first digital currency to begin trading in regulated Forex markets, on the LMAX Exchange.
How does VeChain(VEN) work?
VeChain, the world’s leading blockchain-enabled product management platform, revolutionizes how products travel through the supply chain. Using blockchain technology, VeChain makes it simple and secure for product manufacturers to collect, manage and share essential product data with vendors and consumers throughout the lifecycle of a product. Using the SHA256 hash function, a random hash is generated. This number can then be entered into RFID chips that can be used to track devices or NFC tags to measure temperature or QR codes for easy tracking. Thus bringing physical products online.
The VeChain platform enables manufacturers to assign products with unique identities, which then allow manufacturers, supply chain partners, and even consumers to interact with the product through the platform. It uses blockchain technology to ensure the security of the data collected, allocating private keys to all participants within the supply chain.A product on the VeChain platform is assigned a unique ID, which is stored simultaneously in the blockchain, and placed on the product with an NFC chip, RFID tag or QR code.
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 5.484 USD at 2018-01-16. If you buy VeChain for 100 dollars today, you will get a total of 18.234 VEN. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-01-04 is 28.225 US Dollars. With a 5-year investment, the revenue is expected to be around +414.66%. Your current $100 investment may be up to $514.66 in 2022. The price today is $5.53 and market cap value is $1,532,146,723. The current supply is 277,162,633 VEN and has a volume of $147,770,000. VeChain price, VeChain exchanges, VeChain wallets, VeChain mining, VeChain price chart, VeChain price today, VeChain prediction, how to buy VeChain.