Blockchain
By Maheen Hernandez
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VeChain Foundation spoke about how almost 800 nodes have casted their votes regarding the reduction in VeChainThor's Base Gas Price.
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One of the nodes was curious stating: I am a node holder and I did not vote, because I had no idea there was a vote. But why would any node holder vote for that last option.
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The reply was: 1. You can still vote 2. Because if we lower the tx cost > more customers > more need for VTho > higher VTho & vet price > more profit!
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Voting matters a lot no matter what. One of the users asked: Does this mean we just lost 99% of the value for our VeThor token?
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Twitter Handle Vincent Slaets went ahead to clarify stating, No, it means network transactions cost 99% less which means enterprises who are currently looking at ethereum will…
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Some of them clearly stated, better lowering then ending up like ETH gas Fees.
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Regarding a question what’s the minimum participation to validate the vote? The reply was, It's just an opinion poll and the top 2 will go to the steering committee for…
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Tokenomics confusion is very obvious in the community: Seems like many are confused. If lowering the gas price causes the price of VTho to fall then if the tx's increase…
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While all these discussions were happening, someone who voted for the first time stated: First time to use Vevote, very easy and smooth experience.
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