VeChainThor Node Guide
Learn everything about VeChain node tokens (X-Nodes & Economic nodes).
The VeChain Economic and X-node program offers stability to the VeChain ecosystem and acts as a distribution of power and privilege within the blockchain’s economy.
The Economic nodes and the X-nodes are two different staking node types, which have different characteristics and benefits. For a brief overview, see the table below.
| Economic nodes | X-nodes | |
|---|---|---|
| Rewards | - | Rewards from 5bln VET X-node pool all X-nodes |
| Application |
- Can be applied for based on minimum VET required for node status - Economic nodes can be purchased from the marketplace |
- Initial X-node tokens were distributed upon mainnet launch - no new X-node tokens can be created/matured - X-nodes can only be purchased from the marketplace |
| Transferability | Transferable via VeChainThor mobile wallet or this Manager | Transferable via VeChainThor mobile wallet or this Manager |
| Upgradeable | Upgradeable, minimum threshold of next tier applies | Upgradeable, minimum threshold of next tier applies |
| Loss of node |
If VET value goes below minimum threshold: - the node status is lost - a new Economic node token can be matured - unclaimed VTHO can be claimed |
If VET value goes below minimum threshold: - X-node status is destroyed forever - an Economic node (not X-node!) may be awarded - the Economic node token tier depend on the remaining VET - unclaimed VTHO can be claimed - no new X-node tokens would ever be created |
The VeChainThor node bonus pool size is 5bln VET. This allocated VET is locked and produces 0.000432 VTHO per VET per day. The daily generated VTHO rewards of 2.16mln VTHO are rewarded to all eligible VeChainThor node token stakeholders.
A stakeholder who hold an X-node token can claim rewarded node bonuses. Those VTHO are kept in a smart contract and can be claimed at any time. The VTHO staking reward can be calculated here . Until further notice, the reward pool will not be reduced.
| Node | Type | Requirement | Staking Bonus | Maturity period |
|---|---|---|---|---|
Strength
|
Economic node | 1,000,000 | - | 10 days |
Thunder
|
Economic node | 5,000,000 | - | 20 days |
Mjolnir
|
Economic node | 15,000,000 | - | 30 days |
VeThor X
|
X-node | 600,000 | 25% | - |
Strength X
|
X-node | 1,600,000 | 100% | 30 days |
Thunder X
|
X-node | 5,600,000 | 150% | 60 days |
|
Mjolnir X
|
X-node | 15,600,000 | 200% | 90 days |
Economic nodes and X-node ownerships are represented by non-fungible (NFT) tokens. These collectibles prove the ownership of stakeholders and smart contracts can interact with the respective statuses.
The VeChainThor node tokenization (smart contracts for VeChain staking nodes) was introduced and implemented on 4th December of 2018 with an initial amount of 4,871 X-node tokens.
Node tokens can be traded, transferred and upgraded according the Economic and X-node series program.
VTHO bonus reward claims are paid out hourly via multi-task transfers (MTT). The transfer costs of 40 VTHO are subtracted from the claimed VTHO reward.
A VTHO claim will be processed and credited at the next full hour.
The VTHO generation rate is currently 0.000432 VTHO per VET per day. A total of 37.46mln VTHO are produced daily as the total supply of VeChain is 85,985,052,277 (85.99bln) VET.
Please note, the VTHO token supply (amount of tokens in circulation) is dynamic and changes every new block (every 10s).
VeChain Whitepaper 2.0 (Section 3.3.1, official Whitepaper)
VeChainThor Node Tokenization (by VeChain Foundation)
Guide VeChain Nodes and Node rewards (by vechaininsider.com)
