$VTHO VTHO Coin, fully known as VeThor Token, is a token on the VeChain Thunder blockchain, also referred to as the power of Thor. Below are some key information about VTHO Coin:
• Function and Role:
• The role of VTHO Coin in VeChain is similar to that of the GAS coin in NEO, generated with each new block of VET coin, with a constant issuance rate.
• Users holding VET coins will receive VTHO rewards in their wallets.
• VTHO Coin can be flexibly used for value storage, recognized as a smart payment currency, while reducing the management costs of blockchain protocols, providing more value to users in the VTHO ecosystem as incentives.
• VTHO Coin is the main payment method in the VeChain ecosystem, representing the network's gas currency, powering smart contract transactions.
• Founding Team and Background:
• The co-founder and CEO of VeChain is Sunny Lu, who graduated from Shanghai Jiao Tong University with a degree in Electronic and Communication Engineering, possessing over 15 years of experience as an IT executive in Fortune 500 multinational companies, previously serving as the Chief Information Officer for Louis Vuitton Greater China.
• Market Performance:
• According to the latest market data, the market capitalization of VTHO is 1.25 billion RMB, with a 24-hour trading volume of 36.744 million RMB, a circulating supply of 78.815 billion VTHO, and a total supply of 78.815 billion VTHO, with a year-to-date return of -20.89%.
• The highest price of VTHO in the last 24 hours was 0.01601 RMB, the lowest price was 0.01417 RMB, the highest price in 52 weeks was 0.05358 RMB, and the lowest price was 0.009595 RMB.
• Project Background:
• VeChain is a global leading blockchain product and information platform, dedicated to creating blockchain solutions that deeply integrate with the business ecosystem.
• VeChain adopts a dual-token mechanism, consisting of two cryptocurrencies: VET and VTHO, with the total supply of VTHO being unknown.
• Issuance Price:
• According to market data, the issuance price of VTHO Coin is 0.004 USD.
As an important component of the VeChain platform, VTHO Coin is not only used for paying transaction fees and executing smart contracts but also represents the energy and power of the platform. For investors interested in blockchain technology and its future applications, VTHO Coin is a noteworthy investment option.