VeChain

VeChain (VET) is forging ahead with its Renaissance upgrade, introducing Galactica—a crucial phase aimed at transforming the blockchain’s technical and economic foundations. This initiative sets the stage for a more efficient and developer-friendly ecosystem, enhancing VeChainThor’s overall functionality. Galactica VIPs: Key Innovations The Galactica phase introduces four critical VeChain Improvement Proposals (VIPs) designed to optimize…

VeChain, a leading blockchain platform, has launched Renaissance, its most significant economic upgrade to date, fundamentally reshaping its tokenomics. This overhaul introduces a more deflationary model for VTHO and shifts rewards to active participants, aligning with VeChain’s Web3 for Better vision. VeChain just dropped a tokenomics upgrade • No more passive $VTHO earnings• Inflation slashed,…

VeChain (VET) has unveiled a significant overhaul of its tokenomics in a strategic bid to boost engagement and reward active participants. This bold initiative comes at a time when the broader cryptocurrency market is experiencing a downturn, raising questions about its potential impact on VET’s future trajectory. VeChain’s Tokenomics Overhaul Historically, VeChain’s dual-token model included…