For a moment, i was looking at the blocks.. 10s constant transactions.. I thougjt some enterprise boarded liao.. but instead its this thingie.. but cool nonetheless... but better dont shill too hard.. if price go down ppl will blame you

I feel like buying vtho... Last time missed out on gas when it was just 1 dollar.. And gas is practically useless

How to check the burning vtho?

Remember sunny said the price of vtho won't be stable but the transaction cost will be. So it could possibly moon.

Btw it's burninngggggg vtho

I'll wait till September 1St or binance vtho pairing opens then decide to get some vtho or not. Hopefully vtho pairing opens on September first and when everyone dumps ill pick some up.

This month's pick for Palm Beach Confidential is Vechain

Fug, vtho went up 50%

1.1m vtho burned today.. Migration incoming~

Hope they dump hard on September 1st after they get their backdated vtho so can buy cheap vtho.

lol

so sad..
Actually  vtho functions like GAS and has nothing to do?

According to the Whitepaper, VTHO is used to fuel transactions on the blockchain.

Every transaction, dApp, ICO, etc will need VTHO as gas. It should be highlighted that VTHO is not unlimited as 70% of it will be burned on usage.

To get VTHO, you either buy VET to generate yourself (1 VET =0.000432 VTHO per day) , or buy it OTC through VeChain partners or buy from open market

And yes, according to the whitepaper, if VTHO speculatory demand causes it to increase, the built in code will adjust the amount of VTHO as gas fee to be used as well as generation ratio of VET/VTHO to keep fiat costs consistent, allowing speculation to happen as well. The economic model is developed by their Chief Scientist in collaboration with Michigan State University and Oxford University.

So the more partners on-boarded and the more adoption happens, more transactions will happen -> VTHO demand increase -> VET demand increase -> VET price increase.

Also, many people will sell their VTHO to buy VET as well, akin to compounding interest.

Thus, aside from hoping value of VET will increase like any other crypto, you get a economic model that is bound to increase its value over time.

To me, why bother holding other crypto which only relies on speculation? We hold crypto because of expectation of profits, in which VET excels at both speculation as well as real world usage

Yeah but pumped with a strong fundamental 😁

Mooning so hard, felt so grateful that i picked it up at 0.007 cents a VET.

Tomorrow another partnership announcement with an electric car company.

Many will say its Tesla, but my bet is on this :-

https://en.wikipedia.org/wiki/NIO_(car_company)

Hopefully its Tesla, but a company that big will make their own announcement in regards to partnerships.

OCE allocation for xnode super small defak.. Only can choose 100k or 200k only

Only vechain holders fomo-ing  into oceanex. I believe will be easy get allocation

Congrats on becoming an admin in oce tg channel.