My Investment in Vechain tokens #VET & #VTHOR - My Strategy Ahead...
Hey All,
Recently we saw a spike for both the tokens of Vechain which is #VET and #VTHOR. Both the tokens were like 40% up yesterday and today also they continue to be on the greener side and is up close to 10%. Great to be in this position see your investment growing and giving you decent profits. Ok now before I get any further it is imperative to give some introduction about this blockchain which goes by the name VeChain. So what is VeChain all about? Well it a blockchain platform designed to enhance supply chain management and business process. Its objective is to enhance the efficiency of these procedures and the flow of information in intricate supply chains by employing distributed ledger technology (DLT). What is the current price of #VET token & its total supply?
Currently, #VET is ranked #33 as per congecko and is trading around $0.07+ cents with a marketcap of $5.6+ Billion and a total supply of 86+ Billion tokens that's' too much of tokens in supply isn't it? And the most interesting part - If you HODL #VET token in your VTHOR wallet then you are sure to earn VTHOR tokens as well. The Vechain platform consists of two separate tokens:
VeChain Token (VET) and
VeChainThor Energy (VTHO)
#VET & #VTHOR Tokens - My Strategy Ahead...
VET is employed for transferring value within VeChain's network, while VTHO serves as energy or "gas" to facilitate smart contract transactions. Ok and here is my total investment value in this project; which is account to roughly $4.8K+
To be honest I am already making more than 150% profit here. There was a time when I had invested in Vechain by booking profits from my #RUNE investment and at that point in time I invested around $2K+ dollars. I did already book some profits by selling the #VTHOR tokens and had bought #coti & #gcoti with it. Now that again the price of both tokens have surged it makes me think what should I do. Therefore I had this thought of again selling all the #VTHOR tokens that I have accumulated by just having #VET tokens in my VeWorld wallet. Following is the summary of how many #VTHOR, I am getting with my stake and this all information one can get via exploring the VTHO - Calculator
As seen from the above image, I get close to 28+ #VTHO tokens daily and on a monthly basis this will be around 844+ tokens and if I calculate the dollar value it comes out to be roughly $4. Not that bad considering I am doing nothing its just the #VET tokens getting me this earning. Plus if #VET token price surges I benefit as well. So what the plan is moving forward? As stated, I will be booking $150+ profit here i.e. will sell all the #VTHOR tokens and invest it back by buying #VET tokens. Simply increase my stake in #VET by selling #VTHOR. Lets see how this pans out in near future. Well this should be it for today post around My Investment in Vechain tokens #VET & #VTHOR Tokens - My Strategy Ahead...Happy Investing... #VET & #VTHOR to the moon soon.... cheers
Have Your Say on VeChain #VET #VTHO tokens...
Have you heard about this project VeChain #VET token? HODL Vs Sell? What about VTHor? If Yes, what do you think about the project and its near future? Would love to hear your views/thoughts on #VeChain #VET token
#vechain #vet #strategy #supplychain #supply #rewards #liquidity #build #hodl #stake #investment
My Investment in Vechain tokens #VET & #VTHOR Tokens - My Strategy Ahead...
Image Credits:: profesionalreview, vthor wallet, coingecko, vechainstats
Best Regards
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in Blockchain & Cryptos and have been investing in many emerging projects..cheers
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