VeChain Initiates $15M StarGate Staking Initiative Following SEC's Staking Clarification

VeChain, a Layer 1 blockchain platform, plans to launch its $15 million StarGate staking program on July 1. The initiative comes after the SEC clarified that staking does not constitute a securities offering. The program introduces staking on the VeChainThor blockchain using NFT technology, and allows holders with as few as 10,000 VET to participate while benefiting from higher rewards under the network's upgraded Weighted Delegated Proof of Stake system.

The VeChain Foundation has allocated 5.48 billion VTHO tokens, valued at approximately $15 million, to provide a six-month bonus rewards pool that will increase APY for early adopters who migrate their nodes or stake VET during the program’s initial phase. The program is part of VeChain’s broader strategy to attract developers and institutional participants to its platform.