What is VeChain (VET)?
VeChain was officially launched in 2015 by Sunny Lu, the former CIO of Louis Vuitton China. It sets itself apart from typical blockchain projects by focusing on bridging the gap between business and blockchain. The platform offers a comprehensive solution to enhance supply chain logistics through transparent and secure data sharing. VeChain aims to address real-world economic challenges and provide enterprises with a new, efficient, and transparent operational model.
How VeChain (VET) Works
VeChainThor, the blockchain of the VeChain platform, features a dual-token system that aims to balance efficiency and functionality. It incorporates governance, IoT integration, and the renowned proof-of-authority (PoA) consensus mechanism. Beyond the supply chain, VeChainThor extends its blockchain capabilities to industries such as automotive, agriculture, luxury goods, and even wine.
VET serves as the powerhouse of the VeChainThor blockchain, enabling value transfer, smart contract execution, and overall smooth operation of the blockchain. Holding VET generates VTHO, the secondary token that covers transaction fees, adding a slick and efficient element to the process. This can be likened to earning interest, but with a blockchain twist. Additionally, holding VET grants governance rights, allowing holders to participate in decisions regarding the VeChain ecosystem. This opportunity is not restricted to major players; anyone with VET can join the vote. For businesses, VET offers appealing incentives such as priority processing and discounted rates, serving as a token of appreciation from VeChain for their continued support.
How Many VeChain (VET) Tokens Are in Circulation?
VET has a total supply of 85,985,041,177. The current circulating supply of VET is 72,714,516,834.
How to Buy VeChain (VET)
Consider investing in VeChain (VET)? It only takes 2 minutes to create an account on Bitget and start trading VET.
Check out the available VET trading pairs on Bitget!
Spot market
VeChain (VET) Resources
Simple 3-step guide to buying VET today in Armenia
Create your free Bitget account
Select a funding method
Complete your VeChain purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for VeChain using a payment method of your choice:
Buy VeChain with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your VeChain order.
How to buy crypto with credit/debit cardBuy VeChain with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into VeChain is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your VeChain order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your VeChain order.Buy VeChain with the fiat balance in your Bitget account
You can Deposit fiat funds using SEPA to top up your Bitget fiat balance. Then click Buy Crypto > [Cash conversion] in the top navigation bar to place your VeChain order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor VeChain in your Bitget spot wallet
Bitget—where the world trades VeChain
How to buy VeChain for free
- Learn how to earn VeChain for free through the Learn2Earn promotion
- Earn free VeChain by inviting friends to join Bitget's Assist2Earn promotion
- Receive free VeChain airdrops by joining ongoing challenges and promotions
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FAQ
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Armenia is a landlocked country in Western ASia. It neighbors Turkey to the west, Georgia to the north, the Lachin corridor and Azerbaijan to the east, and Iran and the Azerbaijani exclave of Nakhchivan to the south. The country has a total area of 29,743 km2 and a total population of 3,000,756. The capital is Yerevan, which is also the biggest city and the financial center of the country. Armenian is the recognized official language and Dram (AMD) is accepted as the national currency.
The country is mostly made up of mountainous terrains cut by rivers and sprinkled with forests. The culture of Armenia goes way back to the 9th century BC and has gone through many ups and downs of history. It is fortunate that we are able to experience their unique and rich culture today. Some top sights to visit in Armenia include Republic Square, Tsitsernakaberd Armenian Genocide Memorial Complex, Pagan Temple of Garni, Cascade Complex, and Geghard Monastery.
Whether you choose to visit Yerevan, Gyumri, or Vanadzor, VeChain(VET) can be purchased in a few minutes with Bitget. Bitget is the top crypto exchange in Armenia that offers a range of secure payment options to make trading easier, including P2P trading, crypto deposits, and other third-party merchants like Google Pay, Apple Pay, and credit card services.