Customers can now stake VeChain (VET) and earn 1% APY in VeThor Tokens (VTHO) at launch. Rewards are paid out on a weekly basis with no mandatory lock-up periods, so customers can unstake their VET anytime to access their principal VET funds and accrued VTHO rewards.
If you are staking VET on the Binance.US mobile app, download the latest version of the app to access this feature.
| Note The published APY rate is an estimate based on the value of VTHO that can be earned on an annual basis, relative to the value of staked VET. |
Binance.US customers can now 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.
What is VeChain (VET) and VeThor (VTHO)?
Beginning development in 2015, the VeChainThor blockchain forked from Ethereum to its own layer 1 EVM-compatible blockchain in 2018. Featuring a two-token model (VET & VTHO), VeChainThor was developed with a variety of architectural upgrades built to solve hurdles preventing the mass adoption of blockchain technology.
At its core, VeChainThor relies on Proof-of-Authority (PoA), one of the most scalable, secure and sustainable consensus mechanisms. VeChainThor facilitates the digitisation of enterprise/business operations, creating transparency and efficiency while streamlining data sharing in areas such as supply chain & logistics, sustainability, carbon management and more.
The protocol’s vision involves leveraging blockchain technology to make the transfer of information between parties more efficient, removing reliance on single entities and creating a trustless data layer to enable global objectives such as sustainability and circular economics.
The VET token is used for transferring value, node staking and generating VTHO, while VTHO serves as the native gas token for network computation and the reward for block producers. 30% of total VTHO spent in each block is burned.
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.
Which cryptocurrencies are supported?
Binance.US features the largest major staking platform with the widest selection of staking assets in the U.S.
Click here for an up-to-date list of all the cryptocurrencies Binance.US supports, along with their respective minimum and maximum staking limits, and unstaking periods.
|
|
Minimum Staking Limit |
Maximum Staking Limit |
Unstaking Period (Days) |
|
Vechain (VET/VTHO) |
0.01 |
50,000,000 |
0 |
We are continually working to expand the list of supported staking assets while delivering high APYs on all our supported staking assets. For the latest staking APYs, please refer to the Binance.US Staking homepage.
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.
Additional Resources
- Binance.US Staking (Homepage)
- What is Binance.US Staking? (FAQ)
- How to Stake, Unstake & Manage Rewards on Binance.US (Staking)
- Crypto Staking: Definition, Benefits, and Tips (Blog)
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Disclaimer: Staking Rewards are not guaranteed and are subject to change at any time and in the sole absolute discretion of Binance.US. For more information, please see the Staking Services section of our Terms of Use.
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