Hey All,
The Vechain team on their twitter handel recentely announced that From December 31st, the VechainThor Mobile Wallet will enter 'storage-only' mode, as they make way for VeWorld to become the de facto official wallet of the #vechain ecosystem. So moving forward VeWorld should be your default app to have your #VET tokens stored. Incase if you are not aware of what Vechain blockchain is all about then here is a brief summary about it - VeChain is a 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 41 as per congecko and is trading around $0.025+ cents with a marketcap of $1.8+ 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 VeWorld 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 - the goal is to have 100K+ #VET tokens before its too late and I am looking to #HODL these tokens for a long period of time. Coming to the main topic of - VechainThor Mobile Wallet Enter To Enter Storage Only Mode From Dec 31st - What You Need to do if you HODL Vechain #VET tokens?
You can also refer to the VeWorld Wallet Migration Details & Guide -Here There is one pro tip given as well - You also have the option to reset the password for the #VechainThor mobile wallet by utilizing your seed phrase to 'Import Wallet' within the app. Subsequently, you can enter a new password when prompted. Finally a word of caution be careful while migrating to VeWorld wallet app - remember Not Your Keys, Not Your Crypto hence you need to be very diligent with your key phrase handling. Don't rush for migration at once you have plenty of time to migrate and please note that VechainThor Mobile Wallet have entered to Storage Only Mode so it doesn't mean that you will loose your tokens it remains there but its advised to get your wallet imported to the VeWorld wallet app though ASAP... 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:: medium, vthor wallet, coingecko, vechainstats, tradingview
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
