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";s:4:"text";s:16574:"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. If vethor goes up, vet would too. Granted vethor does have some serious potential gains if there is a sudden shortage. VeChain wallet Secure your (VET) assets. VeThor Token reached its highest price on July 26, 2018, when it was trading at its all-time high of $ 0.061917. How is the amount of supply decided? You can convert VeThor Token to … Now demand increases but we were promised that the cost of a transaction will remain the same. The VET token is also used for staking and the generation of VTHO tokens. What Is VeChain. Sorry, but VTHO is not appreciating any time soon until this supply gut gets eliminated. VeChain is a global leading blockchain platform for products and information. VET value vs VEThor value. 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. As vet price goes up, people will buy vtho instead because it will be cheaper and it will serve their short term needs. Besides vethor can only be used to run txns. 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 :). VeChain is the old name In fact, VeChain was rebranded to VeChain Thor in February 2018. I remember the NEO people asking this about GAS. You really need to read up on the two token system! If VTHO goes to 5 cents you will almost 20x your investment. There is a reason why that is: no demand and a lot of supply that is growing more and more each day as well. 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. Generation rate change is LAST RESORT to influence the price of transaction. The VeChain Foundation whose role is to maintaint the VeChain Thor blockchain is a Singapore-based non-profit organization founded in 2017. 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. When you hold VET, you get a second coin called VTHO (vechain Thor) as a dividend similar to Neo creating GAS. What is VeThor Token? Please note, the VTHO token supply (amount of tokens in circulation) is dynamic and changes every new block (every 10s). The more complex the transaction, the more VTHO is required. The VeChain Thor price prediction sentiment is currently bullish. The VeChain project was born out of the desire to provide a robust, blockchain-powered infrastructure for data management and the Internet of Things (IoT) applications, with the aim of resolving real-life economic issues faced by modern-day businesses. 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. The VTHO generation rate is currently 0.000432 VTHO per VET per day. VTHO is the token used to pay for gas, the fuel that makes the network run. 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. VET, the native token, has demonstrated strong investor returns and is a top 20 global cryptocurrency. But the first option means that some companies now have a stack of Thor that covers their needs for 2 years, instead of one. VET is the cow. Compare VThor to milk. But the fact is that there never will be a shortage of VThor. The recent airdrop is related to the owners of VeChain Thor ? This was done to prevent the fees for using the blockchain (being paid in VTHO) from being directly affected by the price of the VET token. You cannot predict what method will be used, but increasing the generation rate seems more plausible. In the past two years, VeChain has accumulated great amount of experience in providing blockchain solutions to various industries including liquor, auto, luxury goods, retail, logistics, supply chain, etc. X-node level In auction Lowest ask Average Sale Price (7d) Median Sale Price (7d) VeThor X min. During the transition period, the companies that hold more VET will be given higher priority and more rights on the new VeChain Thor blockchain. And once it goes to 2 cents they decide to increase the payout to holders to keep the price of thor to 1 cent. All while the price of vet is appreciating and generating double the thor then before. VET is the main token and is used to send value on the network. The VeThor Token price is currently $ 0.006245 with a 24-hour trading volume of $ 27.82M across 10 exchanges. Because of this, its price action has been mostly bearish. Statistics. Because VeChain started out trading as VEN, there is very little historical price action for the new token, VET. 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. A total of 37.46mln VTHO are produced daily as the total supply of VeChain is 85,985,052,277 (85.99bln) VET. In February 2018, VeChain rebranded to VeChain Thor. Is vtho supply fixed? VVechain Price Prediction & Forecast - VET Price is speculated to reach $0.20 by 2020 End & $0.22 by 2021. Ya I agree that both have solid potential to make people money. But what if the generation rates go up by 20-fold instead? VET is the value generator and sort of store of value token. 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. Without VET, there is no VTHO generated. While VeChain Token is the native token for the platform, VeThor Token (VTHO) plays an essential role in the overall functionality of the blockchain. These node holders get extra rewards and can participate in the governance model of VeChain. It just seems like a lot. Today VeChain has two cryptocurrencies running on their mainnet: VeChain Token (VET) and VeThor (VTHO) which both function as utility tokens. VeChain connects blockchain technology to the real world by providing a comprehensive governance structure, a robust economic model, and IoT integration. What if vechain foundation decides to keep it at 1 cent. Transaction rate reduction in VTHO COMES FIRST. You can compare two coins on the most important indicators, such as price, volume, market cap, max supply, algorithm, etc. There will be no… Multiply this. VeChain Vs VeThor Token Search Stock, FX pair, Crypto, or Commodity... VeChain - ( VET ) VS VeThor Token - ( VTHO ) Comparison - 1 day The VET price is up 9.40% in the last 24 hours. 600k VET: 56: 43.900,00 2.292,02€ ($2.739,80) 65.609,75 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. As vet price goes up, people will buy vtho instead because it will be cheaper and it will serve their short term needs. VET started out its price history in late 2018 during the peak of the bear market. I think both are good investments, but one has a more potential long term. Can you explain to me the difference ? Vechain could find itself as the primary blockchain for an entire ecosystem of the “tracked” economy within Chinese initiatives. The VeChain economy consists of two coins, VET and VTHO. We explain why VeChain … I want to chime in. Similar to NEO, the VeChain network has two different tokens. And that isn’t a good sign for VET. Also you're missing a key feature of turning generated VTHO into more VET which adds an exponential growth curve to your portfolio. In the case of VeChain, there is a VET token used for speculation on exchanges and governance of the blockchain. VeChain is the pioneer of real-world applications using public blockchain technology. Milk is needed and as long there is no shortage of it, the price will keep low and stable. VET generates VTHO so by holding VET you will earn VTHO, which can then be used to pay for your transactions. DNV GL will develop smart contracts on VeChain Thor’s blockchain to calculate a… First would result in me getting 400 transactions for my bought Thor, the other would not make me any difference. This way anyone using the VeChain blockchain can be guaranteed off a stable transaction fee, while the VET token can increase in value. 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. Every VET you own "produces" VTHO. What Is The Difference Between VECHAIN and Cardano? The VTHO price is up 10.28% in the last 24 hours. Imagine Thor going 20-fold, as has been suggested here.  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! It has been pointed out that you can buy 10 years’ worth of node-generated VET for 6000$ or something. But I was proven wrong, GAS went on to x20. Due to the correlation with the blockchain resource utilization, the cost is more predictable with the monitoring of the VTHO supply and demand. 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.. Is it worth to buy VÊT ? Edit: changed it because your scenario does apply currently. Reward 2: 30% of all VeThor consumed by transactions on … So as the demand of VET-tokens grows, we are nearing the point of shortage of available coins. That's why the supply is not set and is always changing. 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? + 查看更多. If someone needs more VThor to run dapps on the Vechain platform, he/she will buy more VET-tokens. There is a lot of VTHO sitting on Binance waiting for people to dump. The unique two-token system (VET+VTHO) significantly helps separate the cost of using blockchain from market speculation. VeChain Thor reached its highest price on March 8, 2021, when it was trading at its all-time high of $ 0.063483. SECTION 3: VeThor REWARDS TO EVERYONE! So yes I think VTHO is a good buy. VeThor Token is one of the two tokens employed by the VeChainThor public blockchain. VeChain is the pioneer of real-world applications using public blockchain technology. Without VTHO, there is no way to pay for VET transactions. 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. On the other hand, the Thor Power (THOR) will be given to VET holders. The new platform uses two different tokens: VeChain Tokens (VET) and VeThor Tokens (VTHO). I'd say vet. Invest in VET. 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! I'll sell you my VTHO though if you believe in it ;). Press question mark to learn the rest of the keyboard shortcuts. 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. VeChain’s Two Tokens. There are a few that manage to grab investment gems to make profit. Sell pressure is enormous, and nothing is getting burned/no buy pressure. The key differences between VET and VTHO. So, you've converted 1 VeThor Token to 0.110712 VeChain . We used 9.032475 International Currency Exchange Rate. The VeChain Token (VET) is designed for companies as the smart payment currency to run business activities on the blockchain. I buy both VET and VTHO. 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. Press question mark to learn the rest of the keyboard shortcuts. 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. 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. Where VET has no ceiling and it can go up forever. 1 VeThor Token is 0.110712 VeChain . READ THE WP. I haven't seen anyone mention that 70% of VTHO collected for gas gets burned on every transaction. When you hold VET you generate VTHO. VeChain is a blockchain-based smart contract platform which focuses on business applications related to supply chains, inventory, and tracking. so, 30% of VTHO token used in transaction will be used to distributed user that who produces the Blocks and other … The project’s team includes big names such as CEO Sunny Lu, CFO Jay Zhang, COO Kevin Fend, and CTO Jianliang GU. I thought it was silly. We added the most popular Currencies and CryptoCurrencies for our Calculator. VTHO is also burned when doing transactions on the blockchain. It has a circulating supply of 33.16B VTHO. VeChain is the pioneer of real-world applications using public blockchain technology. If you think you generate a lot by holding VET you’re wrong. In a nutshell, these tokens can be described as follows: VET is used for the creation and utilization of Apps on the platform. I find this pretty compelling. It is not easy to visualize the next big thing, but today I’m letting out the secrets of the next big coin. VeThor Token is second native token or gas of the VechainThor Blockchain which was issued in 2018. the main purpose of VTHO Token is to reward authority masternodes who maintaining integrity and contributing to the Vechain ecosystem. 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. 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! 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. This, seemingly to me, makes the economics so much more unpredictable. The rebrand moved the company beyond the supply chain into more general enterprise dapp solutions similar to Ethereum. The models could either make 1 transaction cost 25 Thor or double the generation speed. Thus, I have been swapping my Thor for VET. The VeChain Thor price is currently $ 0.062593 with a 24-hour trading volume of $ 833.60M across 31 exchanges. New exchanges lead to pumps when the tokens are not on the exchange already, which we do not have that situation here. These bonus rewards depend on all participating Economic- and X-nodes, their node tiers and the overall VeChain (VET) holding of all eligible participants. DNV GLis an assurance firm based in Norway and its working closely with the United Nations in achieving their development goals. Key word is "if" Vthor goes to 5 cents. The amount of VET-tokens is limited. Not sure to understand :S. The coin ticker used to be VEN They changed to VET when they did their mainnet launch. Secure your VeChain assets with the most trusted hardware wallet. ECONOMIC MODEL. Some of the experimental coronavirus vaccines use some very new technology, including software that reprograms cells. Economic- and X-node holders receive a bonus VeThor (VTHO) reward from two dedicated reward pools held by the VeChain Foundation. VeChain Staking: How to Stake VeChain in 2 … Reward 1: ALL VET generate VeThor at a predetermined speed;. By staking your VET tokens you produce VTHO tokens. So the answer on your question is obvious. Vet can be used as a currency to participate in their icos. ";s:7:"keyword";s:17:"vechain vs vethor";s:5:"links";s:708:"<a href="https://friendstravel.al/wp-content/uploads/75yofhs/humboldt-vape-tech-dbd697">Humboldt Vape Tech</a>,
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