- VeChain is getting ready for its StarGate staking program, a dynamic staking model that is set to go live on July 1.
- Analysts are feeling optimistic about VeChain’s future, with some predicting that VET could hit $0.15 or even higher by the end of 2025.
Today, the VeChain team put out a final call on X, urging users not to miss their last chance to upgrade their X-Nodes ahead of the highly anticipated StarGate staking platform launch on July 1. In their words: “Today is the FINAL day to trigger X-Node upgrades… there’s no time to delay!” For those unfamiliar, this marks a major milestone in VeChain’s broader “Renaissance” roadmap, which is rolling out in three key phases.
The first, Galactica, went live in March with a Dynamic Fee Market on testnet. Next is Hayabusa, which will bring with it the StarGate mechanism. StarGate is more than just a facelift; it introduces staking for NFTs and revamps governance to boost decentralization and security across the network.
The More You Stake, The More You Earn
According to a Crypto News Flash report, VeChain’s StarGate upgrade is changing how VeThor (VTHO) is earned. Instead of the old system where VET holders passively received VTHO each day, the network is moving to the active staking model.
Now, rewards are all about being actively involved, not just sitting on your tokens. And for the early believers who’ve held onto their X-Nodes, there’s a nice bonus in store: special multipliers that boost their staking rewards for their long-term commitment.
Depending on how much VET you’ve locked up, you’ll benefit from generous multipliers under the new StarGate protocol. For example, holders of the VeThor X Node (which requires 600,000 VET) will get a 2x reward multiplier. If you’re staking with a Strength X Node (1.6 million VET), you’ll receive 3x rewards. Thunder X Node holders (5.6 million VET) can expect a 4x multiplier, while those staking a massive 15.6 million VET through a Mjolnir X Node will unlock the full 5x reward potential.
To kick things off, the VeChain Foundation is putting up a 5.48 billion VTHO, roughly $14 million, as staking rewards to fuel excitement around the new system. As explained in a recent CNF article, the VeFam community is encouraged to secure your $VET now and take full advantage of the exclusive bonuses. Alongside this incentive, the updated tokenomics will now burn 100% of all transaction fees, a move designed to boost VET’s value while promoting long-term sustainability and greater decentralization.
The final stretch of the Renaissance upgrade is called the “Intergalactic” phase. This stage will bring Cross-Chain Bridges to life, connecting VeChainThor with more than 40 other blockchains. The goal? Effortless and secure transfers of both assets and data across networks, opening up massive potential for real-world integration.
Right now, VeChain is trading around $0.01956, with a solid 20% jump in trading volume, pushing it to $44 million. Derivatives activity is also picking up speed, with a 23.5% surge in trading volume to $50.16 million and a 6.8% rise in open interest, now sitting at $60.09 million.
Analysts are keeping a close eye on VeChain’s next move. Will it dip below the $0.017 mark, or is a rebound toward $0.030 on the horizon? The coming days could be crucial.
Read the full article here
