news 
Title: VeChain Activates Galactica Upgrade and StarGate Staking—Dynamic Fees and Tokenomics Overhaul Begin
In a groundbreaking development, VeChain has successfully activated its Galactica upgrade and introduced StarGate staking, marking the beginning of a significant overhaul in tokenomics. This major milestone paves the way for the implementation of dynamic fees and is a critical step towards creating a more robust blockchain ecosystem.
The upgraded staking mechanism, dubbed “StarGate,” has officially entered its bootstrapping phase, which will continue until December 31, 2025. During this period, users can test their NFT-based staking platform and migrate their existing Economic Node and X-Node holdings into the revamped framework. This shift signals a move away from passive earnings towards an active staking system.
The new StarGate staking approach allows users to mint unique non-fungible tokens (NFTs) that serve as both staking collateral and delegation opportunities. This paradigm change encourages long-term commitment and enhances community engagement, ultimately fostering a more vibrant ecosystem.
Furthermore, the updated fee structure now introduces dynamic fees, which will significantly impact the VeChain network’s overall efficiency and scalability. As a result, validators can expect to benefit from this revamped framework, as they will now have access to an increased staking limit of 600 million VET tokens, a substantial increase from the previous cap of 25 million VET.
The upgrade is not without its immediate effects on governance, as users are now empowered to participate in on-chain decision-making processes through their Delegator Node NFTs. This critical step enhances transparency and accountability within the VeChain ecosystem.
In anticipation of this major shift, Binance has temporarily suspended deposits and withdrawals for VET and VTHO tokens, effective from July 1 at 11:00 UTC, to ensure a seamless transition and optimal user experience.
The company is poised on the cusp of revolutionizing the blockchain landscape with its Renaissance roadmap.
Source: www.crypto-news-flash.com
