VeChain Releases New Node Rewards Program
Big news for all VeChain fans, they've released the new X nodes rewards system:
https://medium.com/@vechainofficial/vechain-x-series-6b77b746b4b2
The lowest node available is now set at 6K VET, which is lower than the 10K node before. However, all existing nodes are being kept, this is an additional incentive for early adopters.
There is a lock-in period of March 20th by which you must have your VET on a traceable (non-exchange) wallet to qualify for the X series nodes. If at any point you dip below the required number of VET, then you forfeit the node.
I expect this to be huge for investors, because more VET will be taken out of circulation to meet the node requirements, thus decreasing supply. I expect there to be a pump in price as March 20 rolls around.
What do you think about this new program? I'd like to hear your thoughts!
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Thanks for sharing
You have a good point with the VET that will be taken out of the circulation. My company are heavy invested in VeChain and these X nodes will help us out alot!
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thanks!