VeChain (VET) | Price Prediction | 200% APR
VeChain (VET) is a blockchain-based platform that was designed to revolutionize supply chain management by enabling transparent, real-time tracking of products from their origin to the final consumer. Founded in 2015, VeChain aims to use distributed governance and Internet of Things (IoT) technologies to create an ecosystem that solves major data hurdles for multiple global industries from medical to energy, food & beverage to sustainability and SDG goals.
The VET token, which is used as the store of value and transfer medium on the VeChainThor public blockchain, has seen significant growth in value since its launch. The growth in value is attributed to the increasing demand for VeChain's blockchain solutions, which has attracted many enterprises to join the network.
How to Earn Passive Income on VET
VeChain offers several ways for users to earn passive income on their VET holdings. One of the most popular methods is through staking, where users can lock up their VET tokens to participate in the network's consensus mechanism and earn rewards. Another way to earn passive income is through VET Duals, which offer up to 200% APR. Users can participate in VET Duals by providing liquidity to the VET Duals pool, where they can earn rewards in VET and other tokens.
VeChain (VET) Price Prediction
The future of VeChain (VET) looks promising, as the platform continues to attract more enterprises to its ecosystem. With its innovative blockchain solutions, VeChain has positioned itself as a leader in the supply chain industry, and this is expected to drive the growth of VET in the coming years. Analysts predict that VET could reach $3 by the end of 2023, and could potentially surpass $5 in the long term.
The value of VET is directly tied to the success of the VeChain ecosystem, which is driven by the adoption of its blockchain solutions by enterprises. The more enterprises that join the network, the higher the demand for VET tokens, which is expected to drive its value up. Additionally, as more use cases for the VeChain platform are discovered, the demand for VET is likely to increase, which could lead to a rise in its value.
200% APR on VET Duals
VET Duals offer an attractive opportunity for users to earn passive income on their VET holdings, with rewards of up to 200% APR. However, it is important to note that the rewards are subject to market conditions and can fluctuate based on the demand for VET and other tokens in the pool. Therefore, users should carefully consider the risks involved before participating in VET Duals.
How to Earn 200% APR on VeChain (VET)
If you're interested in earning passive income on VeChain, ReHold offers a unique DeFi earning solution. You can earn a 200% APR on pairs such as VET/USDT, VET/USDC, and VET/BUSD using the innovative ReHold protocol at Dual Investments. Follow these six easy steps to try it out:
- Connect your wallet Open the ReHold App and connect your web3 wallet. You can choose any web3 wallet that supports BNB Chain, Polygon, Avalanche, Optimism, Arbitrum, and Fantom.
- Choose the VeChain (VET) Dual asset Select the dual that you need: VET/USDT, VET/USDC, or VET/BUSD. You can start a dual investment with each token of the pair.
- Choose a staking period Select how many hours you want to lock your tokens. The longer the staking period, the higher the yield you will receive.
- Choose the start token Select the start token and the amount you want to invest. You can use the VeChain (VET) token or USDT, USDC, BUSD of the dual asset.
- Approve the token To start a dual investment, you need to allow smart contracts to use your tokens. It's required only once for a selected token.
- Start your Dual Click on “Start Now” to create your VeChain (VET) dual and receive your reward after the staking period. That's all! Your Dual is created, and at the end of the staking period, you can take your assets back to your wallet or open a new Dual.
Also, if you are interested in long-term investing, you can activate the auto-replay feature, and your dual will automatically start when the staking period ends. This will save you gas, simplify the passive income process, and increase your earnings.
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