Vether
VETH

113.30
$
6.29 %
Change 24h
Market Cap
$ 66,846,100
Volume 24h
$ 237,423
Circulating Supply
590,008
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.