Learn more about VET staking.
It works with Deloitte China, BMW, Deloitte China, Louis Vuitton China, as well other prominent companies.
VeChain ran initially on Ethereum Blockchain, but now it runs on its VeChain own ecosystem.
It seeks to transform product management and supply chain management with distributed ledger technologies.
What Is VeChainstaking?
The network is powered by VTHO coins.
Stake VET Coins to Get Rewards (rewards paid in VTHO tokens). Users also have the opportunity to take part in decision making about the network.
How to take VET
A second way is to stake VET on a cryptocurrency wallet and receive dividends.
It is more rewarding than simply staking coins in your wallet.
VeChain has four holdings options for its users:
- Strength (a minimum requirement of 1 million VET)
- Thunder (minimum of 5 million VET).
- Mjolnir (minimum 15 million VET)
- Authority node (minimum 25% of VET)
These cryptocurrencies are best bought when they first hit the market, and when their value is still low.
Get VET to your cryptocurrency wallet
cryptocurrency wallet for rewards and get rewarded.
Be sure to check that the wallet supports the staking option before choosing one.
VeChain offers you two official wallets in which to keep your coins and receive staking rewards:
Sync – for desktop users
VeChain Thor pocket– for Android and iOS users
In addition to these wallets you have the option of choosing one of the following:
The wallet supports the holding or staking 14 coins, including VeChain.
It supports around 300 coins, which includes VeChain.
Staking can be done.
You can stake almost all supported coins, even VeChain.
You can use the wallets by following the steps below.
- Open the wallet you have selected.
- Copy your VET address.
- VET coins can be purchased on a reliable cryptocurrency trading platform (LetsExchange.io).
- You can benefit from staking by keeping the coins you have in your pocket.
An official VeChain wallet like the VeChain Thor wallet can give you approximately 0.000432 VTHO per daily for one staked VET coins.
Why should I stake VeChain
It’s worth keeping the coins if you can earn more.
How much can I earn from VeChainStaking?
Remember that the more you stake, your rewards will be higher.
You can earn around 1.34% annually by staking coin, but running a node will increase this amount to 2.27% each year.
Is Staking VeChain Secure?
You can keep your coins safe in a smart contract that increases the security level.
These risks are applicable to all types money, including fiat.
Staking VeChain: Benefits and Drawbacks
It’s easy to keep your coins in one wallet so you can get your rewards.
These coins can’t be used immediately. They will expire after some time.
If you withdraw your coins from staking you will forfeit the monthly rewards.
If it’s possible to earn some income from it in addition to keeping coins, there is no reason not to.