VET to ETH Live Price Converter

The VeChainThor blockchain relies on Authority Masternodes (AMs) for transaction validation, following the Proof of Authority (PoA) mechanism. An AM is a network server that manages nodes and keeps a comprehensive copy of the blockchain to authenticate and produce blocks. The network incentivizes AMs with VTHO tokens as a reward for maintaining the blockchain’s integrity, contributing to the VeChain ecosystem, and participating in the governance of the platform. These tokens represent transaction fees on the VeChainThor blockchain. The AM generating the block collects 30% of the VTHOs used up by transactions in each block, while the rest, 70% of the VTHOs, are incinerated. Notably, AMs on the VeChainThor blockchain do not compete for block generation; a random algorithm determines the block producer.

VET tokens are the keys to accessing the VeChainThor blockchain. Therefore, possession of VET tokens inherently leads to the creation of VTHO. Simply put, VET token holders are rewarded with VTHO and can freely navigate the blockchain, provided the actions take up less VTHO than what has been generated. Users can trade and exchange VTHO, thereby acquiring more VTHO for more extensive operations, like running a blockchain application.

Bitsgap’s GRID bot is an advanced automated trading tool that employs the GRID trading strategy. By breaking down your specified price range into multiple levels, the GRID bot creates a dynamic grid filled with pending limit buy and sell orders. This unique approach ensures continuous profit generation by buying low and selling high, regardless of which direction the price moves. However, for the best returns, use GRID in the swing market, where prices oscillate within a horizontal range. The GRID bot’s flexibility means it creates a new order for each fulfilled one, maintaining a seamless flow of opportunities. You can also take advantage of the trailing features, allowing the grid to extend downward or follow the market upward, ensuring consistent returns.

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Bitsgap’s DCA bot is an innovative automated trading tool that follows the Dollar Cost Averaging (DCA) trading strategy. This remarkably useful bot works by distributing your investment across regular purchases or sales, depending on your position (Long or Short), thereby cushioning your capital from the unpredictable nature of market volatility. Bitsgap’s DCA is smart enough to track up to six indicators, ensuring that each trade occurs at the most advantageous moment. This boosts your potential to reap impressive returns from your trading ventures.

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Bitsgap’s COMBO bot is an ingenious automated trading solution designed specifically for trading futures. This remarkable bot is engineered to capitalize on both rising and falling markets, and thanks to its leverage capabilities, it can do so at lightning speed—1000% faster!

By harnessing the combined power of the GRID and DCA trading strategies, the COMBO bot masterfully replaces levels with built-in trailing, executing trades with precision on every market movement in both directions.

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