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.