VeChain price (VET)

VeChain reached its all-time high on 17 April 2021. Back then, VET reached a price of $0.27 per VET token. Since then, the coin has fallen by over 90% and at the time of writing (5 December 2022) is worth 'only' $0.0194 per coin.

Like VET, VTHO managed to peak on 17 April. Back then, the token used to pay transaction fees had reached a price of $0.023. Currently, the token is worth $0.001 per VTHO.

A crowdsale took place in September 2017. 410 million VEN tokens were made available for investors to buy at a value of $0.072 per VEN token. This is equivalent to $0.000722 per VET token. Looking at the all-time high reached in the 2021 bullrun, investors who participated in the crowdsale could have potentially realised a profit of more than 38,000% if they had sold their coins at the peak.

During the crowdsale, 277 million VEN tokens were sold, the remaining 133 million were burnt. In total, the sale generated $20 million.

VeChain created a total of 1 billion VEN tokens. 410 million tokens were made available for crowdsale. This is 41% of the total supply. 9% (90 million VEN tokens) of the tokens were sold through a private sale. Companies that had invested in VeChain development received 14% of the tokens, amounting to 140.8 million tokens. VeChain developers themselves received 5% of the offering, amounting to 50 million tokens. The remaining 12% of the tokens were reserved for ongoing operations.

After the token sale, 133 million tokens had not been sold through the crowdsale. These tokens were then burnt, leaving a total inventory of only 867 million tokens. In 2018, VeChain did a rebranding. During the rebrand, VeChain introduced its own blockchain called VeChainThor and the token makes a move to the network. The token became a coin with the abbreviation VET. All VEN tokens were converted to VET. For every VEN token, you got 100 VET coins. The total market supply was increased a hundredfold, so the distribution of coins remained proportionally the same.