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Trade2 - Sold #VET & #VTHOR - To BUY BTC - Target 0.1 BTC - Lets Explore...

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gungunkrishu
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Hey All,

VET VTHOR for BTC.png

Currently, Vechain token #vet is ranked 91 as per congecko and is trading around $0.009+ cents with a marketcap of $779+ Million and a total supply of 86+ Billion tokens that's' too much of tokens in supply isn't it? If you HODL #vet token in your VTHOR wallet then you are sure to earn #vthor tokens as well. The Vechain platform consists of two separate tokens:

  • VeChain Token (VET) and
  • VeChainThor Energy (VTHO) is the gas token

I have a decent investment in the Vechain project where current I have two NFTs [Non Fungible Tokens] which are worth 60K VET tokens and both the NFTs are staked that earns #vthor tokens as reward.

  • Dawn 10,000 [VET to Stake] 1.0× [Reward Multiplier] Entry-level; capped at ~500,000 NFTs
  • Lightning 50,000 [VET to Stake] 1.15× [Reward Multiplier] Mid-tier; capped at 100,000 NFTs

The process is simple which is stake VET to get the NFTs on the Stargate Application, stake NFTs there to receive VTHO rewards..

VET → StarGate → Staking NFT → Validator → VTHO Rewards

So now the next question would be, that did I sell ALL the tokens here? The short answer NO. I did keep the NFTs and currently earning the #vthor rewards but all the liquid VET and VTHOR tokens that I had were sold to swap for #wbtc... Yes this is the path forward to accomplish my GOAL of having 0.1 BTC in my BNB chain wallet.

image.png

Trade2 - Sold #vet & #vthor - To BUY BTC - Target 0.1 BTC

As seen from above image, I had 5K+ VET and 24K VTHO tokens as liquid which I moved over to Binance exchange to swap it for CAKE. The swap of both these tokens got me close to 24 CAKE tokens which I further moved over to the BNB chain on Pancakeswap where I did swap CAKE for WBTC... And here is the swap trade history snapshot image...

image.png

This trade was worth $64+ and it got me around 0.000771 WBTC. Yes, it is a fraction of BTC, but then considering the price of BITCOIN, which is sitting around $84K+, it is still a good amount of BTC added to my wallet. And this is exactly how I plan to slowly build my 0.1 BTC goal, one trade at a time. Lets now track down the BTC trades for future refrences...

My ₿ BTC Accumulation — Trade History...

TradeDateTokens Sold / SwappedBTC Trading AroundWBTC ReceivedValue at $84K BTCCumulative WBTC
Trade 128 September 20261,000 AVA$84,0000.0029600 BTC$248.640.0029600 BTC
Trade 229 September 20265K+ VET + 24K VTHO$84,0000.0007710 BTC$64.760.0037310 BTC
TOTAL0.0037310 BTC$313.400.0037310 BTC

₿ Total BTC accumulated: 0.003731 BTC
Approx. value at $84,000/BTC: $313.40
₿ Long-term goal: 0.100000 BTC
Progress: 3.73%
Remaining: 0.096269 BTC

I still have a long way to go as my two trades have now accumulated 0.003731 BTC, which is 3.73% of your 0.1 BTC goal. There is more to come and my next move is going to be selling ALL the #coti stake for BTC...so stay tuned for the trade 3 which is coming Sooon... Well this should be it for todays post on - "Trade2 - Sold #vet & #vthor - To BUY BTC - Target 0.1 BTC - Lets Explore..." Happy Investing.. HODL..BTC as its the King of ALL the Crypto Tokens... Cheers

Have Your Say on Vechain #vet, #vthor & BTC Token

Did you hear about the Vechian #vet, #vthor token? Do you HODL VET tokens? What are your thoughts on Vechain Project overall? Planing to buy BTC or HODL BTC? Let me know your valuable views in the comment box below.

#vet #vthor #crypto #hodl #cryptoinvestment #blockchain #btc

Image Courtesy:: Procanva license, ChatGpt, VeChain, pancakeswap, metamask,bscscan

Best Regards
Paras


PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in Blockchain, Stocks & Cryptos and have been investing in many emerging projects. Also I am using ChatGpt for structing of the table content in markdown language at times...