We know development is taking place on the VeChain, but the frustrating part is the limited news being shared. I am 100% behind my investment in both VET and VYHO so I a just sticking with the knowledge I already know. The one piece of useful information I did learn whilst doing research this week is VeCarbon credits are only created when burning VTHO tokens. This may actually be an important part of next years EU CBAM (Carbon Border Adjustment Mechanism).
What I am doing is monitoring on a weekly basis the number of transactions/clauses (multiple transactions) and VTHO daily burn figures. This year we have already seen a doubling of these numbers and suspect over the next month these will double again.
My thoughts are companies across the EU will be gearing up in preparation for being Carbon regulated come January 2026. Those companies importing and exporting certain products need to make sure they are getting this correct by having the correct procedures in place or face financial penalties.
The transaction numbers on the VeChain will gradually rise month on month this year as this cannot be left until October/November to find out if you are compliant or not. The numbers should steadily rise and if I am correct next month or the month after we will be seeing 1 million VTHO burned daily.
There has been no other major partnership announcements which would explain the doubling of the daily numbers on the VeChain. This tells us this is a current partnership that is becoming more active and my guess is this is VeCarbon as this is one of the only projects that could double the daily numbers so quickly.
I am no fan of this carbon credit tax and see this as a way for Europe to gain back lost ground in the manufacturing sector. All is is going to end up doing is costing the consumers more money for the same item under the ruse it is now a greener product. I do not buy into this and this is just a big con to make the government more money.
We may not like it so we may as well benefit is my way of thinking and why I invested in both VET and VTHO. Sometimes you have to read the room and the EU is nuts over the green stuff.
What all this will do is clarify globally the carbon credit market which is different in every country when it comes to dollar values. Governments next year will be all over this as this becomes a new revenue source they can control. How much this will add via taxes o each item produced we will have to wait and see, but it is not looking good.
This is possibly why we hear absolutely nothing coming from the VcChain as they are that embedded within the EU and why they are keeping quiet. This will be very big whether we like it or not as this will impact each and everyone of us.