Since there are over hundreds of crypto coins in the world right now, it's nearly impossible to keep up with all of them. Most coins claim to offer new unique features, and it's getting harder and harder to keep up with the crypto world. This leads to many potential coins not gaining the publicity they deserve, while shitcoins go through yearly pump and dumps, leaving new investors completely lost.
In this article, we will discuss a coin, that has a moonshot potential in the next few months. We will discuss why it's unique, what it offers, what real-world problems it solves, and the possible future prices. Keep in mind, that this is not financial advice. Anything can happen, and you should always do your own research before investing.
The coin that will be discussed today is called VeChain(VET). As of today, it's priced at$0.068, a 42% increase from last week. VeChain was launched in 2016, and its aim is to solve one of the biggest problems in the supply-chain world: supply chain traceability and credibility assurance. By providing transparency to supply-chains, customers can easily see:
- if the product is credible
- Assure the safety of the products, such as foods
- Connecting with the upstream actors in the chain
- Tell the customers, where the product came from
Since VeChain is one of the very few coins that is aimed at solving a real-word problem, besides DeFi and safe transfers, it has no competition in the market. This is one of the many reason why huge companies like, H&M, Walmart, Oxford University, DHL, BMW, and many more have partnered up with VeChain. By providing every detail of the production in a decentralised blockchain, VeChain is set to become one of the biggest coins in the cryptosphere.
But how does VET work? Whenever a part of the product is created or assembled, the interaction and the date is recorded into the blockchain. Due to the decentralization, nobody can change the values in the chain. This further provides security and efficiency in product tracking.
Vechain is composed of two tokens: VeChain(VET) and VeThor(VTHO). VET is the one that is used for transactions, while VTHO functions as "gas" money, used to pay fees of the transaction. The maximum supply of VET is 86,712,634,466 coins, and 64 billion of them are already in circulation. As of today it has a market cap of $4.53B. The blockchain uses PoS to ensure security.
Due to it's latest ongoing bullish run, VeChain is starting to gain the attention it deserves, nevertheless, it's still extremely nowhere near what it's worth. The supply-chain traceability is a billion dollar problem, and VET offers an efficient, and cheap solution to that. Do not miss out!