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.
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.