06.02.2020 -

VTHO (Vechain Thor Power) Staking

Vechain (VET) Staking

What is staking?

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.

What is 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.

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