VeChain (VET) has announced its Renaissance Initiative, which includes changes to its tokenomics and reward incentives. The update aims to incentivize active on-chain behaviors and increase the role of VTHO in the ecosystem. This change will reward active users, developers, and validators, while decreasing the production of VTHO and reappointing it to the most active users. VeChain will also overhaul its node and validator structure to encourage more locked tokens. The announcement has led to an increase in VET's price, trading closer to its yearly highs. Despite lagging behind in certain trends, VeChain remains a highly liquid token with listings on top exchanges.



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