The VeChain project is based on the Ethereum blockchain and makes it possible to manage and exchange important information by combining blockchain technology and the Internet of Things (IoT). The project was created exclusively to meet the needs of corporate clients.
It's used to authenticate property, track goods or simplify product maintenance. The original VeChain ecosystem includes the main blockchain, a cryptocurrency and a wallet.
Opportunities for traders
The initial coin offering took place in 2017 under the VET ticker. Since 2018, VET, like the rest of the cryptocurrency market, has been actively declining with small growth areas. It has formed a sideways trading pattern that makes it possible to buy and sell within its borders.
The token's average intraday volatility is 11%.
How to buy and sell VETUSD
You can buy and sell VETUSD on specialised cryptocurrency exchanges. To trade it, it's better to use a broker and trading platforms. Such platforms include MetaTrader 4 or Libertex, where trades are easier to make, leverage can be used, and you can even earn if the cryptocurrency's value goes down.