I am an investor of this technology, but I need to make this question.How VET is expected to increase its value from the businesses adopting the VeChain blockchain? Is it possible for businesses to integrate this blockchain without any benefit for VET or VTHO?
VTHO must be purchased from holders, by businesses, to fulfill their Blockchain needs. This automatically gives VET intrinsic value as it provides vital functionality. Something no other token can boast. As demand for VTHO increases, so does VET’s ROI. This is one of the market forces that help drive increasing value.
Anyone is free to build their project on VeChainThor or hold an ICO for VET, but the VeChain Foundation has also incubated projects yes, as well as a strategic advisor to the foundation, CREAM, has incubated projects too.
How did you interpret that? I am a Mjolnir X node holder from the very beginning. What I am saying is currently, the amount of VTHO that gets produced is quite low- from the beginning, I have just over 4 million for X Node , besides the normal rate. However, do not currently see much benefits. It might change in the future. That is the reason I am holding.
What keeps me going with vechain is how I've been in for over two years (Q3 2017) and there's always new people that ask about how VET works (makes me feel old & I appreciate the genuine newcomers.) This project is still ongoing, updates consistently, and has tangible product in the top 50 for two years even after the market bust in '18. It's just a matter of time, assuming we stay the course & recover after this pandemic, when we do 👀