The VeChain public blockchain is an advanced layer 1 smart contract platform. It has many technical upgrades versus its predecessors, facilitating adoption in real-world commercial environments. The blockchain-based platform has multiple real-world business applications as it combines blockchain technology with the ‘Internet of Things’ (IoT). VET is the native token that lets people transact on the blockchain. VeChain combines decentralization and centralization with many integrated tools, including KYC, to ensure smart contracts support it. VET functions on top of VeChain, which uses a Proof-of-Authority (PoA) consensus protocol. By undergoing regular updates, the chain promises to resolve the weaknesses in the two main consensus types: Nakamoto Consensus and Byzantine fault Tolerance.
How To Buy VeChain or Add it to your Strategy
The fastest, most convenient way to purchase VeChain is to purchase it on ICONOMI. We check VeChain live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy VeChain by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if VeChain is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy VeChain, we recommend you read the next section, as copying might be a better approach.
Add VeChain to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have VeChain in their structure.