About VeThor (VTHO)
VeThor (VTHO) is the primary method of payment within the VeChain ecosystem and exists alongside the VeChain VET token as part of a dual-token ecosystem. Used to pay for transactions on the VeChainThor blockchain, VTHO is used to send and receive transactions, or communicate with smart contracts.
VeChainThor, as a blockchain-as-a-service platform, allows for the issuance of blockchain-enabled NFC chips, RFID trackers, QR codes, and other Internet of Things applications or supply chain use cases.
VeChain VTHO tokens exist as VIP-180 standard tokens on the VeChainThor blockchain and represent the underlying cost of using VeChain. VTHO can be generated by holding VET — the other token in the VeChain ecosystem.
VeChain VTHO tokens exist as VIP-180 standard tokens on the VeChainThor blockchain and represent the underlying cost of using VeChain. VTHO can be generated by holding VET — the other token in the VeChain ecosystem. According to the whitepaper, the model's design principle is to keep transaction fees from being directly exposed to the VET price, making the VeChainThor blockchain more reportedly suitable for conducting business and financial activities for both individual and enterprise users. The current price of VeThor (VTHO) is updated and available in real-time on Binance.