What is VeThor Token (VTHO) Coin

VeThor Token is one of the two tokens employed by the VeChainThor public blockchain. VeChain was initially launched in 2015, but it went through a heavy rebranding process in 2018. While VeChain Token (VET) is the native token for the platform, VeThor Token (VTHO) plays an essential role in the overall functionality of the blockchain.

The VeThor Token is a VIP-180 Standard token, which represents the cost of using the VeChainThor blockchain. Its primary purpose is to facilitate processes and transactions on the blockchain, and it essentially represents the smart contract layer of the network.

VeThor (VTHO) is the secondary token of the VeChainThor ecosystem and functions as the gas for transactions.
While the VeChain token (VET) serves as a value-transfer medium on the VeChainThor blockchain, VTHO represents the underlying cost of using the VeChainThor blockchain and is consumed after certain blockchain operations are performed (i.e. gas payments).
The amount of VTHO that is needed for a transaction depends on the size of the data that is sent on the VeChainThor blockchain. Adjustment to variables such as gas price and token generation velocity can be made by VET holders in order to maintain the equilibrium of VTHO demand and supply.
As at July 15th 2020, VTHO is generated from any address holding VET at the predetermined generation velocity of 5×10-8 per VET per block. 70% of VTHO paid in each transaction is destroyed and the rest is awarded to the Authority Masternode Operators who validate and process blocks for the transactions.

How To Buy VeThor Token (VTHO) Coin

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How Much is a VeThor Token (VTHO) Coin

VeThor Token (VTHO) coin prices are updated instantly in USD, Euro, Sterling currencies in the following table.

Where to Buy VeThor Token (VTHO) Coin

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