Vether
VETH

2.250
$
7.66 %
Change 24h
Market Cap
$ 730,180
Volume 24h
$ 413.89
Circulating Supply
324,379
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.