Gate.io HODL & Earn Launches Vechain (VET) PoS & Earn (Issue 3), Annual Interest Rate 15.55%
Gate.io has launched HODL & Earn, a series of crypto-asset management tools that promises stable profit and lower risks. With Gate.io HODL & Earn, user can earn interest with current or fixed deposits. We will also launch asset management tool with major crypto currencies such as BTC and USDT, providing more ways for users to gain interest.
The Vechain PoS Mining & Earn (Issue 3) is launched on Gate.io HODL & Earn. The annual interest rate is 15.55%, which will be adjusted based on the amount of token mined. Web Users can use the link to purchase — https://www.gate.io/hodl/44, while app users can use HODL & Earn.
Attention: the product distributes VTHO as interest, and the interest is calculated based on the amount of VET in position. Currently, the average PoS generating rate is 0.000432/VET.
The participation rules are stated below.
1) To take part in PoS & Earn, users need to register themselves. However, token lock-up is not required
2) There is no handling fee being charged by Gate.io
3) The annual interest rate is 15.6%, which will be adjusted based on the number of tokens mined
4) The interest will be calculated based on the average amount of tokens in position over a 14-day period, excluding the borrowed tokens
5) The interest will be distributed every 14 days
6) To continue to participate in the program, users need to operate manually
# Introduction to Vechain
The VeChain project started in June 2015, focusing on building a trust-free and distributed business eco to enable transparent information flow, efficient collaboration and high-speed value transfer. Specializing in blockchain and IoT technologies, VeChain has become one of the few blockchain platforms with real world business applications adopted by reputable enterprises across multiple sectors worldwide. By providing robust and secure blockchain infrastructure, enterprise solutions, turnkey packages and development tools in both software and hardware, VeChain aims to enable its business partners and developers to adopt blockchain solutions for business and create a powerful and sustainable eco.
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