Taking Another Look Seeing What is Happening On The VeChain (VET & VTHO)
I have a smallish investment in VET and VTHO (gas token) currently and the plan is to as to this over the coming months even if it is adding only an extra $1K. I am a firm believer that this is the next crypto cycle project as this is still all too early. This is a project I have been monitoring for the last 4 years and have researched it thoroughly as not much made sense and needed to find out for myself. The VeChain team do not shill this project like most other projects do and why it attracted my attention as they know something we do not and once you dig deeper it becomes rather obvious.
The VeChain moved from China to San Marino in Europe back in February 2022 as they had to lose their Chines identity. In order for VeChain to become part of the EU's plans for carbon footprint data capturing they had to show commitment and that was moving to the EU. Since 2022 they have been working hand in hand with the EU and the United Nations. The CBAM or Carbon Border Adjustment Mechanism which goes live next year in January 2026 is why the VeChain moved to San Marino and the blockchain will be used by the EU to run CBAM through VeCarbon. This is why AWS partnered up with the VeChain as they could see the upside to the importance of this.
We are 3 months away before this all goes live and one would assume that the figures will soon start to track upwards with regard to transaction volumes as the thousands will eventually turn into millions of companies within the EU start to test run their carbon tracking set ups.
The data is slowly pointing to where this is heading and thought I would share this with you so at least you are aware of what is taking place.
Looking at the above two graphs it is obvious that growth is taking place with the number of new contracts and the number of new accounts being added. This growth is being driven by something and I would think this has to be related to carbon emissions and tracking emissions.
The active contracts corresponds with the growth of new contracts which is a healthy sign. What is not reflecting right at this moment is a high growth in the number of transactions.
Todays VTHO burn (gas token pays for transactions) of more than 1 million and number of transactions which is over 180K with nearly 1 million clauses (multiple transactions making up 1 transaction). This I would presume is Walmart related looking at the time of year knowing how they work. Products need to be in their US based warehouses by mid November or they will miss the Festive Season. These types of figures are normal and expect this to be showing increased transactions and VTHO burn for the next week or two weeks.
I am banking on seeing an substantial increase in transactions and VTHO burn some time this year as this has to kick off early with companies getting ready for January. If not next month then surely November we should see signs of increased activity. The good news is there is still time to purchase VET and VTHO and it is not too late and is still very much a buy.
Posted Using INLEO
So cheap right now! Did you get your Stargate stuff set up?
No. Decided I will wait as the APR percentages are too low and would need 200K minimum to see any real value. I will just keep buying for now and stacking.
The percentage is low, but free VTHO is still VTHO even if it is only a small amount. It doesn't seem like there is a penalty to unlock it like there is with COTI, but I haven't looked too closely.