VeChainThor Node Guide

Learn everything about VeChain node tokens (X-Nodes & Economic nodes).

Introduction

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 7.5bln VET Economic pool
all Economic nodes
Rewards from 7.5bln VET Economic pool
only Strength X, Thunder X, Mjolnir X
  - 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 12.5bln VET. This allocated VET is locked and produces 0.000432 VTHO per VET per day. The daily generated VTHO rewards of 5.4mln VTHO are rewarded to all eligible VeChainThor node token stakeholders.

A stakeholder who holds an Economic node or 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.


Economic nodes & X-nodes
Node Type Requirement Staking Bonus Maturity period
Strength Economic node Strength Economic node 1,000,000 100% / - 10 days
Thunder Economic node Thunder Economic node 5,000,000 150% / - 20 days
Mjolnir Economic node Mjolnir Economic node 15,000,000 200% / - 30 days
VeThor X-node VeThor X X-node 600,000    -    / 25% -
Strength X-node Strength X X-node 1,600,000 100% / 100% 30 days
Thunder X-node Thunder X X-node 5,600,000 150% / 150% 60 days
Mjolnir X-node Mjolnir X X-node 15,600,000 200% / 200% 90 days

Node tokens

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 claiming

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.


VTHO generation

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).


Additional resources

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)