Vether
VETH

29.09
0.65 %
Change 24h
Market Cap
€ 17,706,864
Volume 24h
€ 124,945
Circulating Supply
608,749
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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