VeChain project offers a unique suite of business-facing products and services and is expanding into new areas constantly. With its Thor blockchain technology and a team of industry experts, it’s not entirely surprising that VeChain VET has cracked into the top 30 cryptocurrencies by market capitalization.
If you think that VeChain’s products and services are genuinely useful, then investing in VeChain VET may be wise. VET token is designed for market speculation and has no governance power on the network.
If you are a business that could benefit from the Blockchain as a Service product that the VeChain project offers, then an investment in VeChain VET will net you VTHO daily that your business could use. You can also purchase a VTHO token directly from Binance to pay for access to VeChains proof of authority blockchain, Thor.
Remember, all cryptocurrency investments are speculative, even Bitcoin BTC. You shouldn’t invest anything you aren’t comfortable losing.
You’ll need a wallet to hold your VET token and VTHO tokens. Binance has a wallet built-in that can hold both tokens, however, it’s best practice to move any funds that aren’t meant for crypto trading to a cold storage wallet.
Cold wallet storage never touches the internet, keeping your cryptocurrency the most secure. Exchange wallets and other software such as metamask are online, which presents additional security risks. These are known as hot wallets.
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