Vether
VETH

31.22
£
4.38 %
Change 24h
Market Cap
£ 24,873,788
Volume 24h
£ 106,483
Circulating Supply
747,807
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.
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