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Ocean Protocol 🌊 Ocean Protocol 🌊
K-

Dear community, I am thinking about putting my OCEAN tokens into

the lock in order to earn veOCEAN... I was asking myself now, if these veOCEAN 'tokens' are actually tradeable / sell-able / or have a market price? I actually do not intend to sell them. However, when receiving the veOCEAN 'tokens' after the lock date ends, it might be considered as "staking rewards" tax wise and the profits (the value of the new 'tokens' I gained) would have to be taxed

#cryptocurrency #english #ocean
0

17 ответов

7 просмотров
awesomeQA-

veOCEAN tokens are not transferable, tradeable, or sellable, and they do not have a market price. They are used to generate passive OCEAN rewards and for governance purposes [1]. Generated using AwesomeQA AI

0
05.05.2023
K- Автор вопроса
awesomeQA
veOCEAN tokens are not transferable, tradeable, or...

Great, thank you 🙂

0
05.05.2023
Greek-

At the end of the lock period, you will receive your OCEAN tokens not the veOCEAN. The reward is also in OCEAN.

0
06.05.2023
Data-

You can check psdnOcean if you want liquid staking :)

0
06.05.2023
Ashish-Ram 🌊
Data
You can check psdnOcean if you want liquid staking...

Yeah this is also an option for liquid staking apart from Veocean.

0
06.05.2023
VergeGeta-
Ashish Ram 🌊
Yeah this is also an option for liquid staking apa...

The more the options, the better everything is

0
06.05.2023
Sabertooth-
VergeGeta
The more the options, the better everything is

You have an opinion among so many other things

0
06.05.2023
Danny-
Data
You can check psdnOcean if you want liquid staking...

So many opportunities to take advantage of on the OCEAN ecosystem

0
06.05.2023
Kakashi Hatake-
Danny
So many opportunities to take advantage of on the ...

Different challenges and events to also earn from

0
06.05.2023
VergeGeta-
Kakashi Hatake
Different challenges and events to also earn from

It’s what makes this community even more fun

0
06.05.2023
Sabertooth-

Yeah more things will be available to us soon

0
06.05.2023
VergeGeta-
Sabertooth
Yeah more things will be available to us soon

We are never short of activities on OCEAN

0
06.05.2023

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