Gate.io Distributed VTHO to VET Holders at 2 Times of the Official Ratio
Gate.io has been supporting Vechain mainnet. Vechain mainnet has adopted a dual-token model, which offers VET and VTHO (VeThor). VTHO is generated by VET at an approximate amount of 19.5 billion annually. Based on this rate, 0.000432VTHO can be generated by holding 1 VET per day.
Gate.io distributes VTHO to VET holders every two weeks based on daily VET balance snapshot (snapshots are taken at random times to ensure fairness). 100% of VTHO generated on Gate.io will be distributed. The distribution ratio is currently 2 times of the official one. When all the extra VTHO on our platform is given out (after about 3 to 5 months), we will distribute VTHO at the official ratio.
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Mar. 20, 2019
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