The latest updates on the VeChain tools feature a carbon footprint emission tracker which calculates the carbon per transaction. It is interesting to see how much carbon is being emitted and so far this year is the equivalent of one person flying 10% of the way from Frankfurt to New York. Will they get halfway by the time we hit December as the hope is they will as that means the number of transactions have risen.
When you dig deeper researching into a project and start pulling the stats one soon realises the scope and potential that is there. The VeChain has expanded their development team quite considerably and this is only done when they have an agenda with goals an timelines.
A key information indicator is the number of contracts/partnerships signed and registered and the number of contracts that are currently active.
Just over 21000 contracts vs the number of active contracts below showing around 250 which is only around 1%. This is a telling number and this is purely down to adoption as businesses will take time to get up and running full time.
We already know the real use cases being used by certain companies and here are just some examples.
BMW - odometer readings for second hard vehicles
Walmart China - order processing and tracing food sources.
Samsung Shipping - tracking and navigation
The new update feature showing how the Carbon footprint is being monitored is a stark reminder of what we shall see come 2026 where this will be regulated by the European Union.
Having tools available on the VeChain Stats site is a huge indicator as one can watch the adoption live. This is still early days and feel under no pressure just yet to stake VET continuously like I am some other projects. Keeping a watchful eye on the stats and number of clauses/transactions being processed is smart for now as the numbers are going to increase due to the known regulation only 3 years away.
Contracts/partnerships will continue to rise in numbers and expect to see well over 100K within the next 18 months. This must not be confused with the number of accounts that are active where there is well over 200K with 8k active so far today. Contracts will have multiple transactions whereas accounts will mostly be singular with smaller volumes of VTHO being burned.
With the VeChain the key figure to always keep in mind is the 36 million VTHO (gas token) that is created daily and has to be burned otherwise they are just accumulating creating a massive stock pile. Even when the burn rate hits 36 million the days of excess VTHO need to be caught up in order to really start placing VET and VTHO under price pressure.
Remember that every transaction a business does whether it is moving stock, receiving raw material or just normal day business this is all data required and the number of clauses each business creates will be plentiful. 100K partnerships/contracts should take care of the 36 million VTHO burn every day on their own which tells us the price has to rise significantly making VET a decent investment as you earn VTHO every day. For every 100K VET you earn 42 VTHO per day. What is interesting is there is a scale with the more you have the more you earn with 1 million being the base.
1 million Vet = 570 VTHO per day (57 per 100K)
5 million Vet = 3225 VTHO per day (64.5 per 100K)
15 million Vet = 10800 VTHO per day (72.0 per 100K)
As you can see you earn higher rewards in VTHO for the more stake you have and why 1 million is still seen as a small account. That is roughly $28K at todays prices and out of my league right now.
