On Twitter they called this abnormal behavior with such a big buy in, but this could be one of the companies aligned with Mercedes or Samsung getting a stack going. This is what I expect to happen over the next few years as companies need VTHO to pay for transactions on the VEChain.
For $1 you can get close to 1000 VTHO tokens which is seriously cheap for where things will go. The investment is buying VET and earning free VTHO daily so buying VTHO is not necessary. Could still be a genius move however as buying 1 million of VTHO would set you back $1k. Don't take this as financial advice, but I see this as a 100x plus gem and this post will explain my thinking.
A few months back I saw this as a gamble investment but the more I have researched and understood what is happening that no longer is the case. This is going to become my number 1 favorite project outside of Hive. It is not there yet as it is still very early and maybe 6 months to 1 year too early. This is actually very lucky as timing is everything getting in at a low price.
The VeChain (VET) gas token is VTHO which pays for all the transactions on the blockchain. When you invest and purchase VET you will receive a daily VTHO airdrop which may seem like nothing right now, but my hunch is it won't be like that for long.
Once you understand the tokenomics of the VeChain eco system it is quite clear who is driving the boat and that is VTHO. Forget the main token as the value is going to be driven through VTHO which will ultimately rise the price of VET.
You may be wondering how this is going to happen as many people have seen this as a dead project with not much going on. There is a lot going on when you start to dig deeper and it is very interesting stuff.
In the last week we have seen a few more partnerships for VET being Samsung Heavy Industries where the VeChain will be used for data streams on their ships logbook. This includes navigation, closest port, anti collision course plus daily log book journals. This is the first of it's kind and rather important as this is where adoption and use cases come from. Every transaction burns VTHO which is the important part of VeChain.
I mentioned last night Mercedes Benz and Hydro had partnered with the VeCarbon side of things which is seriously important. These are big companies who have suppliers who will have no choice but to join as well due to traceability and carbon footprints. One adoption could literally mean 100 adoptions due to the size of the main company.
I mentioned before the key number is 36 Million VTHO which is the daily supply of VTHO. This is not a figure I am worried about as I will try and show my thought process.
The cost of burning 1 VTHO is $0.00135 which when multiplied by 36 million (daily supply) that is $48 600. Peanuts considering the benefit this is to the companies using this technology. Just think about it these household name companies are basically using this technology for free as 500 transactions would cost roughly $1. This will change as more adoption happens meaning these companies need to buy more Vet in order to have more VTHO.
VTHO Avg 90D Burn🔥: 94,777 which is literally 360 x off where they need to be which is actually good news. This is still early days and if we look today things are heading upwards.
So far today over 102K VTHO burned through genuine use cases which is basically up 10% on the daily average. I will update this figure at time of posting in a few hours time. 106K burned so far today which is an increase on the daily average by 15%.
What excites me about this project is where it is heading and it is not just logistics but the carbon emissions which VeCarbon is a world leader in tracking and monitoring. European companies have no choice, but to comply and when we look at the current adopters of VeChain involved things become very interesting. Remember 1 large company will have to have all it's suppliers linked to this for data as this is all the links creating the carbon score. A very large company will have divisions who have sub divisions and all have suppliers so there are literally hundreds involved. Look beyond what is now as this is growing to expand and grow very quickly due to need.
There are plenty of European linked companies on this diagram which is already a huge advantage. The likes of BMW, Renault and Mercedes Benz will have to be up and running very quickly which just with these 3 due to their size will be 1000's of new adoptions.
Once you can visualise the growth that is going to take place due to regulation the 36 million daily VTHO is not going to be enough which will only force the prices much higher. This is unlike the majority of crypto projects as they not only have the use case set up ,but now have multiple use cases.
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Wow, that is pretty impressive. I didn't realize that so many companies were invested in this token. Makes me feel a little good that I picked some up and moved it to my Atomic wallet. I am earning VTHO every day now.
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Good move as this is going to do very nicely.
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I hope so!
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This is an eye opener. I have some VTHO in my wallet.
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This sounds really great. Which wallet are you using to manage your Vechain so as to see the daily VTHO airdrops. This looks like something serious enough to invest in. Wouldnt mind buy a some long term
VeChain Thor Wallet (mobile)
VeChainThor Wallet (desktop)
SimpleHold.
Atomic Wallet (desktop, mobile)
Trust Wallet (mobile)
Cobo Wallet (hardware/mobile)
Ledger Nano S (hardware)
or Binance staking offers VTHO as well as VET APR. i am looking into wallets and my hunch is to go VeChainThor.
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Thanks so much. Already downloaded atomic and Vechian thor
Glad to hear that as this is important to get involved in some different projects. Adding to them whenever we can even if it is once a month will slowly start to add up. All of mine have been slow builders and the growth is crazy when you look back at where you came from.
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I think its a big partnership and both tokens going up and his holders and users almost 10 to 30x. People's just buy vet and earn VTHO free airdrop. I also decided to invest some of my in this project. Thanks for sharing detailed knowledge about this project.