In the case of VeChain (VET), you receive dividends for holding VET on your wallet address or receive extra dividends for setting up a node or a master node.
VET/VTHO?
VET works as a payment currency for business activities. VeThor (VTHO) is used as a fee for smart contracts execution, transaction creation, dividends for holding VET or being a node or master node.
When you execute smart contracts or proceed with any operations stated above you spend some VTHO. It is used as a fee on VeChain blockchain for network needs:
- 30% of the used VTHO is transferred as a reward to nodes or masternodes.
- 70% is being burned to prevent the system from inflation.
For holding VET, you receive dividends, approximate ROI is 2.2%. Every 10 seconds (when a new block is created) you automatically receive VTHO on your address. All you need to do is just hold funds on your account.
VTHO Staking: Profit
To receive 1 VTHO a day you will need to hold 2,314.8 VET on your wallet address. Basically, if you’re interested in high profits you need to set up a master node which will cost you about 10-25M of VET which seems to be pretty huge.
$1000 worth of VET will guarantee you with a $20 yearly profit.
How to receive VTHO for holding VET?
- Install Atomic Wallet
- Send VET to your Atomic Wallet address.
- Wait for VTHO distribution.
If you have any questions about VeChain staking, feel free to contact us via Telegram chat or Website widget. Atomic Support works for you 24/7.
As a seasoned blockchain and cryptocurrency expert, I've been deeply immersed in the world of decentralized technologies, and I've closely followed the development and intricacies of various blockchain projects, including VeChain (VET). My extensive knowledge is not just theoretical but is grounded in practical experience and a comprehensive understanding of the underlying technologies.
Now, let's delve into the concepts mentioned in the article about VeChain and the VET/VTHO ecosystem.
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VeChain (VET) and Dividends:
- VeChain (VET) provides dividends to holders. This means that by simply holding VET in your wallet address, you earn rewards.
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Nodes and Masternodes:
- Setting up a node or masternode in the VeChain network offers additional dividends. This implies that participants can earn extra rewards by actively participating in the network's operations.
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VET as a Payment Currency:
- VET serves as a payment currency for business activities within the VeChain ecosystem.
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VeThor (VTHO) and its Uses:
- VeThor (VTHO) is utilized as a fee for various activities, including executing smart contracts, creating transactions, and providing dividends to VET holders or those operating nodes or masternodes.
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VTHO Usage in Transactions:
- When users execute smart contracts or perform specified operations, they spend VTHO as a transaction fee on the VeChain blockchain.
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VTHO Reward Distribution:
- 30% of the used VTHO is transferred as a reward to nodes or masternodes.
- 70% of the used VTHO is burned to prevent inflation in the system.
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VET Dividends and ROI:
- Holding VET allows users to receive dividends, with an approximate Return on Investment (ROI) of 2.2%.
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VTHO Staking for Profit:
- To receive 1 VTHO per day, you need to hold a specific amount of VET in your wallet (2,314.8 VET).
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Master Node Setup:
- Achieving higher profits involves setting up a master node, which requires a substantial amount of VET (10-25 million VET).
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Economic Perspective:
- The article provides a financial perspective, stating that $1000 worth of VET can guarantee a $20 yearly profit.
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VTHO Distribution Process:
- Users can receive VTHO by installing the Atomic Wallet, sending VET to their Atomic Wallet address, and then waiting for the VTHO distribution.
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Support and Communication:
- The article encourages users to reach out for questions or assistance via Telegram chat or the website widget, with the assurance of 24/7 support from Atomic Wallet.
In conclusion, the VeChain ecosystem, as outlined in the article, is designed to incentivize participation, reward holders, and maintain the stability of the network through mechanisms like VTHO burning. The economic model encourages users to actively engage in staking, setting up nodes, or even master nodes for increased rewards.
