Vether VETH
VETH
49.01
$
24.52 %
Change 24h
Market Cap
$ 27,699,200
Volume 24h
$ 231,947
Circulating Supply
565,187
Total Supply
1,000,000
VETH
$
Description
A strictly-scarce Ethereum-based asset.
Vether is designed to be a store-of-value with properties of strict scarcity, unforgeable costliness and a fixed emission schedule. Vether mimics characteristics of Bitcoin, where miners compete to expend capital to acquire newly-minted coins and chase ever-decreasing margins. Instead of expending capital, Vether participants compete to purchase it by destroying capital on-chain. As a result, all units of Vether are acquired at-cost and by anyone. This mechanism is called Proof-of-Value.