Boosted_Yota

Transportation Engineer, Crypto holder, X Node

"VeChain is positioned to take a leading role in the building of the evolving digital economy."

[Boosted_Yota @Crypto_Lexus]

But it’s not actually a 5.48 billion VTHO pool. Matter of fact the reward paying account doesn’t even have 1 billion $VTHO in it… 🙃

[VeChain @vechainofficial]

By all measures, week one of our new StarGate staking platform has been a great success!

With 7.3k Delegator Nodes minted, & over $100Million in TVL secured, we're excited to continue the momentum.

Get started from just 10k $VET, and get your share of a 5.48B $VTHO bonus pool!

[Boosted_Yota @Crypto_Lexus]

@Cassius0513 No different than the last 4-5 years. Minimal network activity and games from the foundation to try to make it look positive.

The most exciting day in this project was the Walmart China announcement and that was half a decade ago

[Boosted_Yota @Crypto_Lexus]

A simplified table showing Base and Delegation rewards for new #VeChain #Stargate Nodes.

Why does #VeChain advertise a 5.48 Billion $VTHO ($10M+) bonus pool when they are currently on track to only pay out 1.36 Billion $VTHO over the next 6 months. What happens to the 4 Billion $VTHO?

Currently only 1% (6,804 Nodes) of total nodes allowed. 5.48 billion $VTHO would be needed for 6 months of rewards at 100% node coverage. It will never get close to that by EOY, maybe like 10-15% maybe

The base reward is the same as before, 0.000432 VTHO per VET per day. This goes away in 6 months.

Delegation reward is fixed per Node tier for next 6 months. Why not have it dynamic based on total number of nodes? Pay out the full reward pool.

Mjolnir X (highest tier) generates 341,865 $VTHO a week. 47,174 as base reward and 294,690 as delegation reward.

[Boosted_Yota @Crypto_Lexus]

Truthfully I have done the math a few times and the reward probably drops after second update. No base and have to choose a validator.

I migrated my X Node and will hold out for a few months to get enough reward to cover the cost of buying it. Then I will most likely burn it to get my Vet tokens back. Leaving them locked up in the NFT and my tokens in the foundations control is not worth keeping the X Node status

[Boosted_Yota @Crypto_Lexus]

From what I read you are basically forced to. There is no marketplace to sell the "old" X Node NFTs and someone said come December update phase 2, all "old" X Node NFTs will basically be burned and worthless.

They are forcing you to stake in order to keep the node. Seem the secret goal of the foundation is locking up more VET tokens

[Boosted_Yota @Crypto_Lexus]

@PaleHorse5944 @APRIL5TRAWBERRY It only pays out every 7 days. Click on the node and look at the count down timer. As soon as 7 day cycle ends it will payout and you can claim it.

Today was the first day peoples 7 day cycle ended as the program launched exactly 7 days ago on July 1st

[Boosted_Yota @Crypto_Lexus]

This is the account paying out the $VTHO delegation reward. Foundation put 763 million $VTHO in it yesterday as today was the first time the delegations started paying out. (1 week after launch)

https://t.co/nsvK0kmfSS

[Boosted_Yota @Crypto_Lexus]

To pay out the full 5.4 Billion $VTHO pool over 6 months they need to distribute 210 million $VTHO a week.

Right now, only 52 million a week being paid out.

[Boosted_Yota @Crypto_Lexus]

This is max count for each node tier. At 100% coverage would be 26 billion $VET staked or 30% of total supply.

The new lower tier eco nodes have much large supplies obviously.

[Boosted_Yota @Crypto_Lexus]

@APRIL5TRAWBERRY Looks like my math was pretty much dead on.

https://t.co/rEdxN2z4V3

[Boosted_Yota @Crypto_Lexus]

After studying the #Vechain $VET Stargate Contracts I believe this is the fixed reward structure for the next 6 months until phase 2 (base rewards go away)

5,698 Stargate NFTs, just under half of the X Nodes have migrated so far. 3.6 Billion $VET staked

The delegation reward is a fixed weight for now.
Currently paying out 60 Mil #VTHO per week. If the 5.4 billion #VTHO is all for rewards they would have to pay out 210 mil a week..... guess they are not planning to use all 5.4 billion, maybe only 1.5 billion.

[Boosted_Yota @Crypto_Lexus]

@Cryptoangelspr1 The ultimate strategy.....

[Boosted_Yota @Crypto_Lexus]

The more I read, the more I feel the #Vechain Stargate upgrade is just a band aid fix, another shell game of move and hide. Seems its entire purpose is to try to get the $VTHO supply under control. "Staking" is the buzz word but you are rewarded with a token that already has a 91 billion supply and extremely low price.

The "upgrade" does nothing to help promote enterprise adoption or use. Toolchain and POA 2.0 were both at least advertised to increase usage even though they didn't. Stargate is more of a pivot to try to clean up some of the mess, they just disguised it as a new better reward.

Send us your $VET tokens for an NFT, like what? To keep my X Node I sent the majority of my holding to the foundation in return for an NFT with some metadata.. CRAZY. They hold my assets now. Not your keys, not your crypto. Dare we remember the buyback wallet hack...they have 3.6 billion users tokens in one wallet now.

They want to lock up more of your tokens so you cant sell, this forces you to play the game.

If they would put this much energy into enterprise adoption we would be rich, instead we tried to slap a logo on a UFC ring and call it "utility"

[Boosted_Yota @Crypto_Lexus]

@Ajwritescrypto @sunshinelu24 @vechainofficial … another version of a white paper..🙃 great more nothing.

Go back to the first version and deliver on that

[Boosted_Yota @Crypto_Lexus]

@hedgefunder01 “A large and healthy VTHO supply is crucial”… that’s what they will say.

Also lol at the deck chairs, if anything would have kept the titanic a float it’s the chairs

[Boosted_Yota @Crypto_Lexus]

Correct and they have no idea how to fix it. The longer they pull strings and create false hope, the bigger the hole to climb out of.

It really has been a downward spiral for the last 2-3 years with no signs of slowing down.

Just scramble to try to create the idea of utility, but no actual utility.

[Boosted_Yota @Crypto_Lexus]

@XRPologist Some people just want all the power and control over a project.

One strategy to keep that is make sure you don’t partner with anyone more powerful than you (an enterprise) You remain king of your own bubble.

[Boosted_Yota @Crypto_Lexus]

I agree with this however I know VeChain had several huge opportunities to seal deals in 2021-2023 in China and they fumbled them all.

Leadership, due to bad advice from advisors, cares nothing about enterprise adoption. They have convinced themselves the community projects are enough alone and they are very wrong.

[Boosted_Yota @Crypto_Lexus]

@JettforVet That’s the base reward, it will keep working for now but soon it will stop. I think it’s completely killed off in December with Phase 2

[Boosted_Yota @Crypto_Lexus]

After studying the #Vechain $VET Stargate Contracts I believe this is the fixed reward structure for the next 6 months until phase 2 (base rewards go away)

5,698 Stargate NFTs, just under half of the X Nodes have migrated so far. 3.6 Billion $VET staked

The delegation reward is a fixed weight for now.
Currently paying out 60 Mil #VTHO per week. If the 5.4 billion #VTHO is all for rewards they would have to pay out 210 mil a week..... guess they are not planning to use all 5.4 billion, maybe only 1.5 billion.

[Boosted_Yota @Crypto_Lexus]

Sooo... what's the actual #VeChain Stargate Bonus reward for the next 6 months?

#Vechain says they have a 5.48 B $VTHO reward pool. Are they just going to do weekly distributions of this VTHO during bootstrap phase (6 months)? That would mean they would hand out 210 Million VTHO a week.

I would assume this is based on Node Weight, If node is matured, and number of nodes. If this is the case the rewards will be huge for early birds.