Hey All,
Lets start with what is VeChain? It 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 62 as per congecko and is trading around $0.02+ cents with a marketcap of $2+ 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).
Ok and now this is my current postion in #VET tokens - where I have 60K #VET tokens locked as an Delegator NFT so as to recevie more #VTHO tokens apart from base staking rewards.
What does - “Locking VET” means? In simple terms when lock your #VET toknes, you commit your tokens to the network for a certain period. When you lock them based on the qunatiy locked, you mint a Delegator NFT that proves your staked position. Hence this NFT is your access pass to rewards (VTHO + multipliers) 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 |
I have two NFT mined which is Dawn & Lightning and have been earning decent #VTHO rewards apart from the base rewards. The rewards on the delegated NFT are collected on a weekly basis and whereas the base rewards can be collected as and when they are avaiable. So how do I do all this i.e. staking, minting and delegating. Well I have my #VET tokens on VeWorld wallet and there you have Stargate - which is a Vechain new staking platform that allows you to stake VET, mint delegator NFTs and earn #VTHO rewards. Hence via the Stargate on VeWorld App I was able to mint NFT and delegate it to earn extra #VTHO which is a gas token for the VeChain blockchain. My plan ahead here is to get to a point of having at least 200K+ VET tokens and get - FLASH NFT minted and delegated. This will help me increase my reward multipler to 1.3x. IN simple terms its like - Higher tiers = more VTHO. Right now the #VET tokens is just 2 cents so its the right time to jump in. I plan to book some profits from my other crypto projects and will 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...and this should be it for todays post on - "VeChain - Staking and Delegator NFF Staking - My Strategy Ahead..." ... Happy Investing... cheers.
Have Your Say on VeChain #VET token
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