Hey All,
Ok finally I decided to to invest in the VeChain #VET token. And once again I give the credits to @cryptoandcoffee for his blogs and providing insights to the VeChain Blockchain. This is the post that got my attention - There Is So Much Going On about VeChain which is blockchain platform designed to enhance supply chain management and business process. Its objective is to enhance the efficiency of these procedures and the flow of information in intricate supply chains by employing distributed ledger technology (DLT). What is the price of #VET token & its total supply?
Currently, #VET is ranked 42 as per congecko and is trading around $0.02+ cents with a marketcap of $1.5+ Billion and a total supply of 86+ Billion tokens that's' too much of tokens in supply isn't it? If you HODL #VET token in your VTHOR wallet then you are sure to earn VTHOR tokens as well. The Vechain platform consists of two separate tokens:
VET is employed for transferring value within VeChain's network, while VTHO serves as energy or "gas" to facilitate smart contract transactions. I have started with a initial investment of $400+ and this got me around 20K #VET tokens.
As seen from the above image you can see there is VET and VTHOR tokens in my wallet. Close to 15+ VTHO token were received for holding VET tokens. Once can leverage the - VeThor (VTHO) calculator that allows you to calculate the ROI on your VET holdings based on staking rewards - check the Vechain calculator here
In my case I am earning close to 8+ VTHOR tokens daily. Incase you HODL #VET tokens on Binance exchange then the VTHO will be distributed on a monthly basis, but calculated based on daily snapshots of each user's VET balance. Its better off to shit the tokens to wallet like VTHOR and own the keys to your wallet - you know right - Not Your Keys, Not Your Crypto. My plan ahead here is to get to a point of having at least 100K+ VET tokens and take advantage of VTHOR tokens being distributed for just HOLDing #VET tokens. Maybe another round of purchase is round the corner, I am waiting for #RUNE hit $7+ mark and then I would be booking some profits to redirect funds to VeChain.. so yeah its coming soon...for VTHO, I am not not looking for any purchase and will totally rely on the staking rewards for now... thats' all for now.. cheers.
Have you heard about this project VeChain #VET token? HODL Vs Sell? What about VTHor? If Yes, what do you think about the project and its near future? Would love to hear your views/thoughts on #VeChain #VET token
#vechain #vet #strategy #supplychain #supply #rewards #liquidity #build #hodl #stake #investment
Image Credits:: profesionalreview, vthor wallet, coingecko, vechainstats
Best Regards
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in Blockchain & Cryptos and have been investing in many emerging projects..cheers