Vechain Updates Community On Various Nodes and Expected Rewards - VeChain News. Tuesday, September 18
VeChain Cryptocurrency News
Vechain Updates Community On Various Nodes and Expected Rewards
The Vechain team has announced that with the mainnet up and running, it will be updating the community monthly on the distribution of the circulating supply of the coin. According to a release by the team, almost all VEN have been swapped to VET so the team can conveniently analyze how current circulation is distributed between wallets.
The release stated that if a holder places certain amount of Vechain inside a wallet for a certain period of time, it can become a node. The main benefit of becoming a node is additional VTHO reward unlike a wallet that doesn’t become a node.
The report said that over 60 percent of the total circulating supply of 56.6 billion has been soft locked. This is according to data provided by VeForge Explore.
The post stated that the data available from the Explore could be used to calculate the reward which it said will vary with the fluctuation in the number of nodes.
The release said nodes will do well to upgrade since VeThor reward is low compared to other X nodes.
Vechain Sees Modest Gain As Market Tries to Recover
Vechain is up 0.31 percent while trade goes on at $0.013 on exchanges such as Binance which controls the greater percentage of the volume traded. In the past 24 hours, the coin had $19 million trade volume with the VET/USDT pair dominating the Vechain trade with 51 percent.
VET/BTC pair traded 29.5 percent while VET/ETH had just 5.3 percent of the market.
The coin market has seen a mild pull back although there is little indication that the bears have weakened considerably. In the next few days we may notice a definite trend. Nevertheless, Vechain moving into the green zone is a short term indication that traders are taking more cautious position in anticipation of a swing.
Follow TokenTops on Twitter to stay notified about new articles, cryptocurrency news, ICO announcements and price predictions and analysis.
Legal Disclaimer: Please remember that trading, buying or any other type of investing in cryptocurrencies should be consider risky and may lead to the loss of all of the invested money. For further information visit Terms and Conditions section on TokenTops. We do not encourage our readers to any kind of financial decisions. Neither tokentops.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from tokentops.com. We believe that everyone should make their own and in depth research on the particular topic in various sources before making any financial decision and this person should be the only one responsible for the outcome. Our writers do their best to remain unbiased and don't actively support any project. The research is done with various sources, the predictions are based on own believes, analytical skills, experts and community discussions and is intended to convey general information only.
You may also like
VeChain (VET) Price: Volume Increase Could Stall Plummeting Prices
VeChain (VET) Price Analysis: Is Its Stability A Sign Of A Buy Opportunity?
Dogecoin Performance in the Past Days Pales Earlier Bull Run - DOGE News
Monero Research Labs Seek Funds for Multi-sig Project - Monero (XMR) News
New Study Shows "Zcash Is Better Than Monero": Is That True? - Zcash (ZEC) News
Lisk’s Q&A With Users Did Not Satisfy The Community - Lisk (LSK) News
You need to login to create comments.