Binance.US will distribute VeThor Token (VTHO) rewards on an opt-in basis to all qualifying customers who held VeChain (VET) between May 1, 2022 and September 30, 2022.
Binance.US is proud to be the only major U.S. crypto platform at the time of writing to offer VET/VTHO staking without any lock-up or unstaking periods.
If you are staking VET on the Binance.US mobile app, download the latest version of the app to access this feature.
How to claim the VTHO distribution
To opt-in to the VTHO distribution, Binance.US customers who held VET between May 1, 2022 and September 30, 2022 (henceforth referred to as the “Eligibility Period”) must complete an educational overview of staking on the Binance.US platform and stake their VET anytime between now and December 31, 2022.
VTHO rewards accrued during the Eligibility Period will be distributed, as a one-time lump-sum basis, at the end of the month to qualifying VET holders who staked VET on Binance.US. For example, if an eligible customer stakes VET on November 15, 2022, they will receive their VTHO distribution at the end of the month, on November 30, 2022.
Daily snapshots include VET tokens held in a customer’s available balance, along with VET held in open orders.
Why Are VeChain (VET) Staking Rewards Distributed in the Form of VeThor Tokens (VTHO)?
When customers stake VeChain (VET) on Binance.US, they’ll receive staking rewards in the form of VeThor (VTHO). The VeChain Thor blockchain relies on a dual-token system where VET and VTHO are mutually dependent upon each other: VET holders can generate VTHO, while VTHO is used to pay for transactions conducted within the VeChain ecosystem.
In addition to VET/VTHO staking, Binance.US customers can buy, sell, convert, or stake VET, and also buy, sell, and convert VTHO. Advanced Trading is available on the VET/USD, VET/USDT, VET/BTC, VTHO/USD, and VTHO/USDT pairs.
How do I stake Vechain VET/VTHO on Binance.US?
Follow our step-by-step guide on How to Stake, Unstake & Manage Rewards on Binance.US.
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