Transaction rate reduction in VTHO COMES FIRST. Although right now everyone's a farmer and cows are cheap, it's a good time to invest in vet since the price is so good.. as time goes by and prices go up, it'll be more cheaper to just buy vtho. There are a few that manage to grab investment gems to make profit. VET is the value generator and sort of store of value token. This, seemingly to me, makes the economics so much more unpredictable. Where VET has no ceiling and it can go up forever. W ith VeChain undergoing its next stage in its evolution it is imperative for our brand to grow with it, and grant power to all our VET holders, we introduced three reward structures to be implemented in VeChainThor.. I'd say vet. VeChain is a global leading blockchain platform for products and information. VET started out its price history in late 2018 during the peak of the bear market. There will be no… 1 VeThor Token is 0.110712 VeChain . All while the price of vet is appreciating and generating double the thor then before. It has been pointed out that you can buy 10 years’ worth of node-generated VET for 6000$ or something. It will go up in price when it’s on more exchanges than Lbank and when companies have to buy loads at once to make transactions. New comments cannot be posted and votes cannot be cast, VeChain connects blockchain technology to the real world by providing a comprehensive governance structure, a robust economic model, and IoT integration. DNV GLis an assurance firm based in Norway and its working closely with the United Nations in achieving their development goals. I don’t think the people responding understand that you can literally buy 10 years worth of strength node generated VTHO for less than a bitcoin right now. VET is the cow. Imagine Thor going 20-fold, as has been suggested here. But the main difference in the investment choice is that VTHO has a price ceiling; VTHO generation will be increased/decreased to keep the price stable. Vechain could find itself as the primary blockchain for an entire ecosystem of the “tracked” economy within Chinese initiatives. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. VeChain’s Two Tokens. But what if the generation rates go up by 20-fold instead? Statistics. VeChain Staking: How to Stake VeChain in 2 … VET, the native token, has demonstrated strong investor returns and is a top 20 global cryptocurrency. X-node level In auction Lowest ask Average Sale Price (7d) Median Sale Price (7d) VeThor X min. Is it worth to buy VÊT ? VeChain was initially launched in 2015, but it went through a heavy rebranding process in 2018. This will have an effect on the price of VET; it will go up! What if vechain foundation decides to keep it at 1 cent. VeThor Token reached its highest price on July 26, 2018, when it was trading at its all-time high of $ 0.061917. Some of the experimental coronavirus vaccines use some very new technology, including software that reprograms cells. So the answer on your question is obvious. Edit: changed it because your scenario does apply currently. It just seems like a lot. VeChain Thor reached its highest price on March 8, 2021, when it was trading at its all-time high of $ 0.063483. There is a lot of VTHO sitting on Binance waiting for people to dump. Reward 1: ALL VET generate VeThor at a predetermined speed;. VeChain connects blockchain technology to the real world by providing a comprehensive governance structure, a robust economic model, and IoT integration. The VeChain economy consists of two coins, VET and VTHO. Together with our strategic partners PwC and DNV GL, we have established cooperative relations with many leading enterprises in different industries, including Walmart China, BMW, BYD Auto, Haier, H&M, LVMH, D.I.G, ENN, AWS, PICC, ASI, Looks like you're using new Reddit on an old browser. ECONOMIC MODEL. Cold storage wallets are typically encrypted devices that store users' VeChain assets offline, providing a layer of security against the evolving threats emerging from being connected to the Internet. On the other hand, the Thor Power (THOR) will be given to VET holders. VeChain Vs VeThor Token Search Stock, FX pair, Crypto, or Commodity... VeChain - ( VET ) VS VeThor Token - ( VTHO ) Comparison - 1 day Key word is "if" Vthor goes to 5 cents. Sell pressure is enormous, and nothing is getting burned/no buy pressure. It has a circulating supply of 33.16B VTHO. You can convert VeThor Token to … I want to chime in. VeChain wallet Secure your (VET) assets. FFS please stop this "COW-MILK investing for 1st graders", Why buy the cow when you can get the milk for free, You can carry on buying vtho, while we unload our bags of vtho and buy vet :). Milk is needed and as long there is no shortage of it, the price will keep low and stable. Secure your VeChain assets with the most trusted hardware wallet. Together with our strategic partners PwC and DNV GL, we have established cooperative relations with many leading enterprises in different industries, including Walmart China, BMW, BYD Auto, Haier, H&M, LVMH, D.I.G, ENN, AWS, PICC, ASI, Press J to jump to the feed. DNV GL will develop smart contracts on VeChain Thor’s blockchain to calculate a… VTHO (VeChain Thor Energy) is the second token and it’s like gas since it’s used to pay for transactions on the VeChain network. We added the most popular Currencies and CryptoCurrencies for our Calculator. Now demand increases but we were promised that the cost of a transaction will remain the same. I remember the NEO people asking this about GAS. VeChain is the pioneer of real-world applications using public blockchain technology. But I was proven wrong, GAS went on to x20. As vet price goes up, people will buy vtho instead because it will be cheaper and it will serve their short term needs. Similar to NEO, the VeChain network has two different tokens. VeChain is the type of blockchain which uses a dual token economic model in order to avoid the cost of transactions increasing when the value of the token rises. The key differences between VET and VTHO. In February 2018, VeChain rebranded to VeChain Thor. In the case of VeChain, there is a VET token used for speculation on exchanges and governance of the blockchain. Press question mark to learn the rest of the keyboard shortcuts. VeChain is the old name In fact, VeChain was rebranded to VeChain Thor in February 2018. Reward 2: 30% of all VeThor consumed by transactions on … The VET price is up 9.40% in the last 24 hours. The recent airdrop is related to the owners of VeChain Thor ? VEN was changed to VET on February 26,it just didn't catch on until the mainnet was launched.VET is VechainThor,VTHO is VeThor. What is VeThor Token? XRP vs. BTC (Ripple vs. Bitcoin): The Complete Comparison; Ontology Gas (ONG): The Complete Guide; Where to Buy EOS Coin Easily in 2020; Ripple Cold Storage: Best Way to Secure Your XRP; Coinbase Alternatives That Work! The new platform uses two different tokens: VeChain Tokens (VET) and VeThor Tokens (VTHO). VeChain is the pioneer of real-world applications using public blockchain technology. Why would you buy something that has a cap that you dont even know what the cap will be when you can buy the cow that generates the milk? The VeChain Foundation whose role is to maintaint the VeChain Thor blockchain is a Singapore-based non-profit organization founded in 2017. If VTHO goes to 5 cents you will almost 20x your investment. That's why the supply is not set and is always changing. so, 30% of VTHO token used in transaction will be used to distributed user that who produces the Blocks and other … I think both are good investments, but one has a more potential long term. If someone needs more VThor to run dapps on the Vechain platform, he/she will buy more VET-tokens. What Is VeChain. SECTION 3: VeThor REWARDS TO EVERYONE! VET is the main token and is used to send value on the network. VET value vs VEThor value. How is the amount of supply decided? We used 9.032475 International Currency Exchange Rate. You cannot predict what method will be used, but increasing the generation rate seems more plausible. When you hold VET you generate VTHO. Your scenario won't apply in the future with more use.. the normal people who want milk buy milk.. how many of us have cows in our backyard that we have to milk ourselves. These bonus rewards depend on all participating Economic- and X-nodes, their node tiers and the overall VeChain (VET) holding of all eligible participants. I haven't seen anyone mention that 70% of VTHO collected for gas gets burned on every transaction. Ya I agree that both have solid potential to make people money. The amount of VET-tokens is limited. Invest in VET. Press question mark to learn the rest of the keyboard shortcuts. If you think you generate a lot by holding VET you’re wrong. Dabbed the ‘DNV GL-VeChain Digital Low Carbon Ecosystem,’ thepartnershipis aimed at advancing Det Norske Veritas and Germanischer Lloyd’s goals of sustainable development without hurting the environment. Without VET, there is no VTHO generated. Let’s say I am a business buying 10000 Thor today to make sure I can make 200 transaction, while 1 transaction costs 50 Thor. 600k VET: 56: 43.900,00 2.292,02€ ($2.739,80) 65.609,75 Today VeChain has two cryptocurrencies running on their mainnet: VeChain Token (VET) and VeThor (VTHO) which both function as utility tokens. So as the demand of VET-tokens grows, we are nearing the point of shortage of available coins. What Is The Difference Between VECHAIN and Cardano? Although right now everyone's a farmer and cows are cheap, it's a good time to invest in vet since the price is so good.. as time goes by and prices go up, it'll be more cheaper to just buy vtho. VeThor Token is one of the two tokens employed by the VeChainThor public blockchain. Please note, the VTHO token supply (amount of tokens in circulation) is dynamic and changes every new block (every 10s). The VTHO price is up 10.28% in the last 24 hours. And that isn’t a good sign for VET. The VeThor Token price is currently $ 0.006245 with a 24-hour trading volume of $ 27.82M across 10 exchanges. The VeChain Thor price prediction sentiment is currently bullish. The VeChain Thor price is currently $ 0.062593 with a 24-hour trading volume of $ 833.60M across 31 exchanges. There is a reason why that is: no demand and a lot of supply that is growing more and more each day as well. Compare VThor to milk. Every VET you own "produces" VTHO. I find this pretty compelling. The rebrand moved the company beyond the supply chain into more general enterprise dapp solutions similar to Ethereum. First would result in me getting 400 transactions for my bought Thor, the other would not make me any difference. Get expert opition on short-term and long-term Vechain price prediction, and learn what will be the value of Vechain in 2023 and 2025! So yes I think VTHO is a good buy. When you hold VET, you get a second coin called VTHO (vechain Thor) as a dividend similar to Neo creating GAS. Also you're missing a key feature of turning generated VTHO into more VET which adds an exponential growth curve to your portfolio. These node holders get extra rewards and can participate in the governance model of VeChain. The models could either make 1 transaction cost 25 Thor or double the generation speed. VeChain is the pioneer of real-world applications using public blockchain technology. I buy both VET and VTHO. Not sure to understand :S. The coin ticker used to be VEN They changed to VET when they did their mainnet launch. VTHO is the token used to pay for gas, the fuel that makes the network run. But the first option means that some companies now have a stack of Thor that covers their needs for 2 years, instead of one. The unique two-token system (VET+VTHO) significantly helps separate the cost of using blockchain from market speculation. Is vtho supply fixed? + 查看更多. Granted vethor does have some serious potential gains if there is a sudden shortage. The VeChain Token (VET) is designed for companies as the smart payment currency to run business activities on the blockchain. Economic- and X-node holders receive a bonus VeThor (VTHO) reward from two dedicated reward pools held by the VeChain Foundation. Multiply this. Without VTHO, there is no way to pay for VET transactions. The VET token is also used for staking and the generation of VTHO tokens. Generation rate change is LAST RESORT to influence the price of transaction. New comments cannot be posted and votes cannot be cast, VeChain connects blockchain technology to the real world by providing a comprehensive governance structure, a robust economic model, and IoT integration. We explain why VeChain … VeChain is a blockchain-based smart contract platform which focuses on business applications related to supply chains, inventory, and tracking. Besides vethor can only be used to run txns. The VTHO generation rate is currently 0.000432 VTHO per VET per day. Sorry, but VTHO is not appreciating any time soon until this supply gut gets eliminated. Because VeChain started out trading as VEN, there is very little historical price action for the new token, VET. You can compare two coins on the most important indicators, such as price, volume, market cap, max supply, algorithm, etc.
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