VeChain (VET) is another staking coin to consider. While the rewards aren’t high compared to other staking opportunities, the project, might make up for its low yield with its future potential.
VeChain focuses on using blockchain technology for the supply chain, or the process of moving products and services from suppliers to customers.
It's already announced a partnership with Penfolds, one of Australia’s oldest wineries, to track the authenticity of Penfolds wine and prevent counterfeiting.
Other notable accomplishments include VeChain’s work with BMW on VerifyCar, an application that deals with mileage fraud by recording car mileage on VeChain. Another is Deloitte, one of the Big Four accounting firms, announcing that it is using VeChain to develop blockchain solutions for its clients.
Luckily, if you want to take advantage of VeChain’s potential growth, VET staking is quite easy. Just hold VET in a wallet that supports VeChain and you will receive VTHO, which is used to pay for network transactions.
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