Vether
VETH

51.07
$
10.69 %
Change 24h
Market Cap
$ 38,331,000
Volume 24h
$ 516,695
Circulating Supply
750,522
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.