Hey All,
Let us start with some numbers which is tied to the Vechain #VET token. Currently, #VET is ranked 93 as per coingecko and is trading around $0.011+ cents with a marketcap of $1+ Billion and a total supply of 86+ Billion tokens that's' too much of tokens in supply isn't it? Earlier if you HODL #VET token in your VTHOR wallet then you are sure to earn VTHOR tokens but I guess with the Hayabusa Mainnet Launch this option of earning #VTHO tokens is eliminated. In simple terms the Passive VTHO generation from just holding VET has been removed. And just an FYI - the Vechain platform consists of two separate tokens:
VeChain Token (VET) the value token and
VeChainThor Energy (VTHO) - is the gas token of the VeChain ecosystem.
Vechain - Hayabusa Mainnet Launch is LIVE
I had two NFTs here the Dawn for staking 10K VET tokens and Lightning for staking 50K VET tokens. The above image is my Ligtning NFT being delegated to the validator and by default who is providing the highest APY. Please note that now - #VTHO generation is now tied to active participation meaning staking your VET tokens to get the NFT and then you need to delegate the NFT to the validators. 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 |
My goal is to reach to a point where I have a Flash NFT and for that I need to have 200K #VET tokens staked. Right now I am short of 140K VET tokens to get to this point of owning a FLASH NFT and as you can see from the above table higher the number of VET tokens staked higher is the reward multiplier; its that simple. Now that the Hayabusa mainnet is LIVE, VeChainThor adopts a Delegated Proof of Stake (dPoS). This upgrade has introduced the following::
- A set of 101 validators responsible for producing blocks and securing the network.
- Any user can participate indirectly by staking VET through StarGate and delegating to one of the validators.
StarGate thus serves as the access point for VET holders to become active contributors to network consensus, without needing to run a full validator node.
All of this i.e. staking and delegating the NFT is possible via the Stargate App. The interface is simple, the steps are straightforward, and the entire process takes just a few minutes. So what are you waiting for? If you #hodl VET tokens, go stake them and delegate your NFTs to a validator to start earning #VTHO rewards. Don’t miss out every day you delay is potential passive income lost. Well this should be it for todays post on - "Vechain - Hayabusa Mainnet Launch is LIVE - Delegate your NFTs to earn #VTHO tokens..." 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