Binance announced it will discontinue VeChainThor (VTHO) rewards for VeChain (VET) flexible Simple Earn products beginning January 1 at 12 a.m. UTC.
According to Binance, the change is limited to VET Simple Earn Flexible Products and does not alter VTHO reward distribution for Locked Products, which will continue as usual. The company framed the update as a response to VeChain’s revised tokenomics and noted that Real-Time Annual Percentage Rate (APR) rewards for VET Flexible Products are not affected, even though users will no longer accrue VTHO from those flexible positions after the effective time.
VeChain’s project team said that Hayabusa changes VTHO from a static issuance approach to a dynamic model tied to participation. In its “before” reference figures, the team cited a static generation rate of 5 times 10 to the minus 9 VTHO per VET per second, about 0.000432 VTHO per VET per day, and network annual issuance of about 13.7 billion VTHO. It also published illustrative “after” scenarios, including 2.525 billion VET staked representing 2.61% of supply corresponding to about 3.86 billion VTHO per year, and up to 60 billion VET staked representing 75% of supply corresponding to about 19 billion VTHO per year, with mainnet activation beginning December 2.
Public token metrics list VeChain (VET) with a circulating supply of 85,985,041,177 VET and a maximum supply of 86,712,634,466 VET. These figures help contextualize how product-level reward policy changes can affect holders depending on whether rewards are linked to passive holding versus staking-based participation models. These supply totals are commonly used by exchanges and market-data providers to describe the scale of a network’s native asset when comparing reward programs and on-chain issuance dynamics across ecosystems.
Binance is a global cryptocurrency exchange and digital-asset services company founded by Changpeng Zhao and Yi He. It operates trading and related crypto products for users worldwide. Public reference profiles describe Binance as operating without an officially declared headquarters location, reflecting a historically distributed corporate footprint. The same references list Richard Teng and Yi He as co-CEOs and position Binance among the largest exchanges by daily crypto trading volume.
