VeChain’s Renaissance Initiative launched: VeChain (VET) has introduced the Renaissance Initiative, which features updated tokenomics and rewards systems aimed at promoting active participation in the network and increasing trading activity, bringing greater attention to VET in the upcoming bull market.
Active participation is essential for VTHO: Under the new earning model, VTHO will be awarded based on users’ active participation rather than mere holding of VET, which fosters engagement and is expected to enhance the overall network’s performance.
Stake limits and variable fees introduced: The New Validator structure has removed the staking cap for VET, incentivizing more extensive token lock-ups. Additionally, variable transaction fees will help manage network congestion more effectively, potentially boosting VET’s attractiveness.