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VeChain Kicksoff $15M StarGate Staking Program After SEC’s Staking Clarity

  • VeChain is launching a $15 million StarGate staking program on July 1, following SEC's clarification on protocol staking not being a securities offering.
  • The StarGate program will utilize NFT technology and aim to enhance VeChainThor's staking structure to attract developers and institutional participants.
  • VeChain Foundation allocated 5.48 billion VTHO tokens for rewards to drive early adoption, offering various staking tiers with higher yields for larger commitments.
  • VeChain's CEO praised the SEC's decision, stating that their staking model aligns with regulations, treating rewards as compensation for network services.

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