Ven is Stable
The value of Ven is determined by the financial markets in a weighted basket of currencies, commodities and carbon futures trading against other major currencies at floating exchange rates. Ven is the first digital currency to float, and the first to include carbon in its pricing, making it the only environmentally linked currency in existence. Currently over 500 million units of Ven have circulated, and it can be used to purchase anything from commodities to fashion to cars to a coffee. Watch a Ven video. Read what Forbes, CNN, WSJ, Harvard Business Review, Techcrunch, Fortune and others say about Ven.
Because Ven is priced from a basket, movements tend to be more stable than a single currency. Stability makes Ven an excellent pricing mechanism for forward contracts on rolling physical goods, and makes Ven an excellent long-term store of value. It's also great for inter-company trades, hedging and companies looking for reliability in international pricing.
Banks, hedge funds and other institutions are able to purchase Ven on the open market through regulated exchanges, and it is available for private secondary market trading on an approved basis with Hub Culture's financial partners.