VeChain, a leading enterprise blockchain protocol, has introduced an update to its Node Rewards platform. The new marketplace will improve the way nodes are managed in the VeChain ecosystem.
The VeChain Node Rewards system is designed to incentivize users to hold VET tokens and operate nodes on the VeChain network. Participants can receive various rewards, such as VTHO tokens, which are used to cover transaction costs within the VeChain network.
The launch of the marketplace is VeChain’s move to expand the functionality of its Node Rewards platform. It provides users with a centralized hub where they can view listings, place bids, sell and transfer nodes.
The team has confirmed that the marketplace will work on Android devices for VeWorld, a special wallet for the VeChain ecosystem that was launched in February this year. The marketplace also allows users to view the current market value of their nodes; node auctions are also running on the platform. The emergence of the marketplace is expected to attract new users to the VeChain ecosystem, as it lowers the barrier to entry for acquiring nodes.
