Hey All,
Let us start with Vechain native token #VET current trading price and some brief information about this blockchain i.e. what it is all about. Currently, #VET is ranked 83 as per coingecko and is trading around $0.017+ 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:
VeChain Token (VET) and
VeChainThor Energy (VTHO).
what is VeChain trying to solve? It 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). Let us now look into my staked #VET rewards..
My STAKED VET Rewards - My Strategy Ahead...
I have 60K #VET tokens locked as two delegator NFT [Non Fungible Tokens] which are Ligtning and Dawn. Both these NFTs are staked on the Stargate Vechain platform so as to recevie more #VTHO tokens apart from base staking rewards. The above image is taken from Stargate and you can clearly see those #VTHO rewards are for staking the NFTs. Once you stake #VET based on the amount staked you can mint an NFT and then delegate it to recevie #VTHO rewards. Next comes the base rewards for just holding #VET tokens in your Vechain wallet. Here is the snapshot of my recent base rewards claimed.
In all a total 4413 #VTHO tokens were claimed, which at current price of VTHO is around $5+ [4413 * $0.0012+] approximately. Now lets talk a bit about my strategy ahead for both these tokens. My plan is simple at first I am targeting to FLASH NFT here and for that I need to stake 200K VET tokens to get this FLASH NFT. Here is the tabel to the different Delegator NFTs tier...
| Delegator Tier | VET Required | Reward Multiplier | Notes |
|---|---|---|---|
| Dawn | 10,000 | 1.0× | Entry-level; capped at ~500,000 NFTs |
| Lightning | 50,000 | 1.15× | Mid-tier; capped at 100,000 NFTs |
| Flash | 200,000 | 1.3× | Premium tier; capped at 25,000 NFTs |
| Strength | 1,000,000 | 1.5× | Legacy Eco Node tier |
| Thunder | 5,000,000 | 2.5× | Legacy Eco Node tier |
| Mjolnir | 15,000,000 | 3.5× | Legacy Eco Node tier |
| VeThor X | 600,000 | 2.0× | Legacy X-Node tier |
| Strength X | 1,600,000 | 3.0× | Legacy X-Node tier |
| Thunder X | 5,600,000 | 4.0× | Legacy X-Node tier |
| Mjolnir X | 15,600,000 | 5.0× | Highest X-Node tier |
Inorder to get this FLASH NFT, I would first need to undelaget my 60K VET tokens and then must be having another 140K VET to get the FLASH NFT. The current price of #VET token sits around $0.017+ cents as of writing this article and hence 160K VET would be an investment of around $2.7K+ dollars approximately. This is not a small investment and hence I need to work out on a plan carefully to ensure maximum returns and minimal risks. I am willing to invest $1K+ and the remaining I want to leverage from my other crypto passive earnings that ways I think it will be a WIN-WIN situation. Also I plan to convert all the #VTHO earnings for #VET tokens so this is going to help as well. I have now started tracking and working on this GOAL of having 200K+ VET tokens - lets see how this journey unfolds. Stay tuned for more updates on my progress here as I move closer to my 200K+ VET GOAL. Well this should be it for todays post on - "VeChain - Deep dive into my STAKED VET Rewards - My Strategy Ahead..."Happy Investing... cheers.
Have Your Say on VeChain #VET & VTHO tokens
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
Investing in VeChain #VET token - My Strategy Ahead...
Image Credits:: stargate , 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