Yes, users of the Binance exchange can earn VTHO simply by holding Binance Coin (BNB) in their account. Binance will use 20% of its profits each quarter to buy back and “burn” BNB, which means that the total supply of BNB decreases over time. This decrease in supply should theoretically lead to an increase in the price of BNB.
NOTE: WARNING: Earning VTHO on Binance is not recommended as it can be risky and may not be profitable. VTHO is a volatile asset and trading in it can result in significant losses. It is highly recommended to research thoroughly, understand the risks and potential returns associated with trading VTHO before investing any funds.
In addition, users who hold BNB in their account and trade frequently on the Binance exchange will receive a discount on trading fees. These factors should all lead to an increase in demand for BNB, which should eventually lead to an increase in the price of VTHO.
4 Related Question Answers Found
Binance is one of the most popular cryptocurrency exchanges in the world, and it offers a variety of features and benefits to its users. One of the benefits that Binance offers is the ability to earn VTHO. VTHO is a cryptocurrency that is used to pay for transactions on the VeChain network.
The short answer is no, you don’t get staking rewards on Binance. Binance is a cryptocurrency exchange that doesn’t offer staking rewards to its users. There are a few exchanges that do offer staking rewards, but Binance is not one of them.
Binance is one of the most popular cryptocurrency exchanges in the world, and it offers a wide variety of digital assets. However, one question that many people have is whether or not they can purchase VRA on Binance. The short answer is yes, you can definitely buy VRA on Binance.
Yes, you can sell your VTHO on Binance. VTHO is the native currency of the VeChainThor blockchain, and can be traded on Binance against other cryptocurrencies. VTHO is used to pay for transaction fees on the VeChainThor blockchain, and can also be used to create custom tokens on the blockchain.
