VeChain Rebranded logo and colours.
- VeChain’s recent update revolutionizes node rewards, introducing a comprehensive marketplace in the Rewards dApp for enhanced VET earning opportunities.
- 2023 marks a year of significant growth for VeChain, laying the groundwork for continued advancements and innovation in the blockchain space in 2024.
VeChain is renowned as a blockchain protocol that aims to incentivize a network of computers to manage a platform enabling businesses to develop and run decentralized applications (dApps). Its primary objective is to foster enhanced digital collaboration among businesses by offering innovative tools for efficient data transfer and supply chain management.
To achieve this goal, VeChain consistently enhances its services to revolutionize the marketplace fundamentally. This December, they released a significant update, as announced on their official X account. The update includes main features such as View, Bid, Sell, and Transfer Economic/X-Nodes, all accessible from the official Rewards dApp.
The #vechain Node Rewards platform welcomes another update – the marketplace is officially live!
View, bid, sell and transfer Economic / X-Nodes all from our official Rewards dApp.
Link: https://t.co/aCvYye9vP4
Catch up on recent tech updates:https://t.co/tbDH2XXVFz$VET pic.twitter.com/MpepO55Frd
— vechain (@vechainofficial) December 12, 2023
As detailed in their official announcement, the VeChain December edition update includes VeWorld, VORJ, Rewards Platform, Nodes, a New dApp Kit, and more. These new tools, products, and services are expected to further extend the capabilities of the VeChainThor blockchain.
For those not yet acquainted with it, the VeChain Node Rewards system has been meticulously crafted to offer users compelling incentives for both the retention of VET tokens and active participation in the operation of a node within the VeChain network. This participation entails the opportunity to accrue various rewards, notably in the form of VTHO tokens, which serve as essential assets for defraying transaction expenses within the VeChain network.
The inauguration of this marketplace represents a strategic maneuver undertaken by VeChain, aimed at augmenting the overall functionality of its Node Rewards platform. It serves as a centralized nexus, affording users the capability to peruse comprehensive listings, engage in competitive bidding, effectuate sales, and conduct seamless node transfers.
VeChain’s Sustainable Blockchain Impact: Advancements in Key Industries
According to reports from CNF in the last two months, VeChain, recognized as a pioneer in sustainable blockchain technology, has significantly contributed to sustainable industries, including automotive, food security, and pet care. VeChain’s role has become increasingly vital due to its bold involvement in billion-dollar markets and governmental policies. This has led to ongoing improvements to address the complexities and demands of various market areas in the blockchain activities of all sectors.
Looking Ahead to 2024: Investment Considerations?
The price of VET dropped by 1.62% in the last 24 hours, in line with the current market sentiment. Meanwhile, some other cryptocurrencies like AVAX have experienced a 14.45% decrease. VET demonstrates strong signs of resilience.
Additionally, VTHO has surged by over 48.06% in the last 7 days, and in my tweet from yesterday, I explained in more detail the function that the VTHO token has within the VeChain ecosystem.
The #VeThor token has risen by more than 70% in the last 7 days. #VTHO takes on many important roles in the #VeChain ecosystem:
1⃣ Gas Fee: VTHO is used to pay transaction fees on the VeChain network. Essentially, it acts as gas, similar to Ethereum, to cover the costs of… pic.twitter.com/MiibZBXVO7
— Collin Brown (@CollinBrownXRP) December 11, 2023
Further, as stated on the official website, the team, led by CTO Antonio Senatore, reflects optimistically on 2023 as a year filled with achievements, upgrades, and substantial development. Yet, they emphasize that there is still much more to be accomplished.
2023 has been a year full of achievements, upgrades and fantastic building spearheaded by the many talented folks working under CTO Antonio Senatore— but we’re nowhere close to being done, yet!
VeChain’s dedication to consistently enhancing its services opens up new avenues for earning more VET. As the platform evolves, it offers more dynamic ways for users to engage and profit. This ongoing development is a key factor for anyone considering investing in or increasing their VET holdings.
Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
