Projects listed: 276 |
BTC Dominance: 51.22% | Volume (24h): $37,014,512,619 | Market Cap: $2,203,554,751,275
VeChain
VET
$0.02
Sector
IoT
Exchange Debut
2018-08-07
Market Cap
1,709,892,866
Maxim Supply
86,712,634,466
Circulating Supply
80,985,041,177
Circ. Supply(%)
93.39%
VeChain
VET
Price
$0.02
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
6170853
0.021274321435
0.020261956944
Change 24h
Change 7d
Change 30d
3.019
-0.0229
-10.5624
Maxim supply
Circulating supply
Circulating supply(%)
86,712,634,466
80,985,041,177
93.39%
The opinion of artificial intelligence (AI), based on the fundamental analysis of the VeChain-VET cryptocurrency:
VeChain (VET) has solidified its standing as a leading enterprise-grade L1 smart contract platform, designed to facilitate a digital backbone for the fourth industrial revolution. With an impressive final score of 8.56 out of 10 in our fundamental analysis of the VeChain cryptocurrency, it is clear that the project excels in multiple facets, ranging from its token economy to partnerships and security measures.
SOCIAL & MASS MEDIA: Score 7.9 out of 10
The VeChain project has a robust online presence, evidenced by its high score in attracting social media followers. However, there’s room for improvement in community engagement and the activities of social media administrators. Its high presence in the media reflects a strong public awareness, making it a name to reckon with in the industry.
AUDIT & SECURITY: Score 7.6 out of 10
When it comes to the fundamental analysis of the VeChain cryptocurrency, security stands as a crucial factor. VeChain performed reasonably well in this criterion, showing commendable transparency and liquidity. However, the audit results could be more robust to bolster investor confidence.
TOKENOMICS: Score 9.03 out of 10
Tokenomics is perhaps one of the strongest suits of VeChain. The monetary mass of the project leans toward decentralization, which is a positive indicator. Inflation rates are also well-managed, ensuring long-term sustainability and contributing to the project’s high score in this category.
ECOSYSTEM DEVELOPMENT: Score 8.8 out of 10
VeChain shines in ecosystem development. With a near-perfect score for the achievement of objectives and plans for new developments, it’s clear that the team is not just resting on their laurels but is committed to innovation.
TEAM & DEVELOPERS: Score 8.6 out of 10
VeChain’s team possesses notable experience, although the number of software developers is somewhat lacking. This is a slight drawback but not a deal-breaker as long as the team continues to meet its goals efficiently.
PRODUCT & UTILITY: Score 8.68 out of 10
In terms of utility, the VeChain project clearly delivers. Both the product and the tokens within the ecosystem serve meaningful purposes, adding value to the users and stakeholders involved.
PARTNERS & INVESTORS: Score 9.1 out of 10
The final criterion in our fundamental analysis of the VeChain cryptocurrency shows an outstanding performance. A strong portfolio of partners and investors indicates long-term viability and trust in the project.
Fundamental analysis of the VeChain-VET cryptocurrency – The final conclusion
Taking into account all these factors, the VeChain project appears to be a strong contender in the crypto space, based on our fundamental analysis of the VeChain cryptocurrency. Risks are relatively low, especially given its performance in audit, security, and partnerships. The project’s well-defined tokenomics and ambitious plans for ecosystem development make it an attractive investment opportunity.
In summary, VeChain’s comprehensive strengths and minor weaknesses present a compelling case for its potential to become an integral part of the fourth industrial revolution. The investment opportunity is ripe, but as with any cryptocurrency venture, due diligence is advised.
What is VeChain-VET?
VeChain’s Background and Purpose
VeChain (VET) is a blockchain platform launched in 2015, initially as a private consortium chain. It transitioned to a public blockchain in 2017. The platform aims to offer solutions in sectors ranging from medical and energy to food & beverage and sustainability, using IoT technologies and distributed governance. VeChain’s blockchain helps in enhancing efficiency, transparency, and traceability in data trails and supply chains. Moreover, it supports a dual-token system, VET and VTHO, designed to facilitate separate functionalities on its blockchain.
Founding Team and Reputation
The co-founders of VeChain are Sunny Lu and Jay Zhang. Sunny Lu was formerly the CIO of Louis Vuitton China, while Jay Zhang worked in finance and risk management at Deloitte and PriceWaterhouseCoopers. The team collaborates with key auditing firms like PriceWaterhouseCoopers and DNV to ensure data quality and process certification.
Unique Features and How It Works
What sets VeChain apart is its commitment to disrupting traditional business models, particularly in the supply chain industry. The platform’s transparent technology allows for enhanced security and efficiency. VeChain IDs and sensors contribute to safe and documented data environments. The platform utilizes a Proof of Authority (PoA) model, which is efficient and has a low carbon footprint compared to Bitcoin’s consensus mechanism.
Summary
Conducting a fundamental analysis of the VeChain-VET cryptocurrency reveals a robust and versatile platform. Originating as a private chain, VeChain has evolved into a public blockchain with a dual-token system that addresses various industrial needs. It focuses on improving efficiency and transparency in multiple sectors, aided by a skilled team with enterprise experience. Its unique Proof of Authority consensus mechanism makes the network secure and efficient, attracting high-profile clients like BMW and Walmart. Overall, VeChain represents a comprehensive solution for real-world challenges through blockchain technology.
- Latest analysis update: September 16, 2023
VeChain - VET performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
