What is VeThor Token (VTHO)?

VeThor Token (VTHO) is a digital asset that plays a key role in the VeChain ecosystem. As one of the main components of the VeChainThor blockchain infrastructure, VTHO has a vital role in facilitating various transactions and applications on the network.

The following is a complete explanation of VeThor Token (VTHO).

What is VeThor Token (VTHO)?

VeThor Token (VTHO) is a utility token used within the VeChain ecosystem to pay transaction fees, facilitate value transfer, and support decentralized applications ( dApps ) running on top of the VeChainThor network. VTHO is earned as a result of VeChain (VET) token holders holding and locking their VET tokens in a wallet.

With its powerful features and benefits, VTHO plays a key role in strengthening VeChain's blockchain infrastructure and helping drive the adoption of blockchain technology in various industries.

VeThor Token (VTHO) Key Products & Features

Below are some of the main products and features of VTHO.

1. Pay Transaction Fees

One of the main features of VTHO is its ability to be used as payment for transaction fees on the VeChain network. Every time a transaction occurs, be it a digital asset transfer or smart contract execution, VTHO is used to pay the transaction fees.

2. Driving Smart Contracts

VTHO is also used to power smart contracts within the VeChain network. Smart contracts are protocols that facilitate, verify, or negotiate contracts automatically. VTHO is needed to carry out operations in smart contracts.

3. Support for Decentralized Applications (dApps)

VTHO supports a variety of decentralized applications (dApps) running on top of the VeChain network. It includes various types of applications, such as supply chain management applications, product certification tracking, inventory management, and more.

4. Controlled Inflation

In addition, VTHO has a controlled inflation policy. This means that the amount of VTHO produced in the network is limited and regulated according to network requirements.

5. Staking Incentives

Users who hold and lock VeChain (VET) tokens in their wallets are also entitled to staking incentives in the form of VTHO. This encourages participation in the network and helps maintain network stability and security.

6. Project and Development Financing

VTHO can also be used as a source of financing for projects and developments within the VeChain ecosystem. These projects may include the development of new applications, blockchain technology research and development, or other initiatives that strengthen VeChain's infrastructure.

Also Read: Get to Know Harmony (ONE): Innovative Blockchain for dApps

What is VeThor Token (VTHO)?

VeThor Token (VTHO) is a digital asset that plays an important role in the VeChain ecosystem. Created as part of the VeChainThor blockchain infrastructure, VTHO has several key functions within the network.

First, VTHO is used as payment for transaction fees in the VeChain network. Every time a transaction occurs, whether it is a digital asset transfer or smart contract execution, VTHO is needed to pay the transaction fees.

Apart from that, VTHO is also needed to drive smart contracts in the network. Smart contracts are protocols that enable the automatic execution of digital contracts without requiring human interaction. VTHO is used to carry out operations in smart contracts.

Furthermore, VTHO supports various decentralized applications (dApps) running on top of the VeChain network. It covers various types of applications, such as supply chain management, product certification tracking, inventory management, and more.

Apart from paying transaction fees, VTHO also provides incentives to VeChain (VET) token holders who hold and lock their VET tokens in wallets. VET token holders are entitled to staking incentives in the form of VTHO, which helps encourage participation in the network and maintain network stability and security.

Thus, overall, VeThor Token (VTHO) is a digital asset that plays a key role in supporting operations and applications within the VeChain ecosystem, making it an integral part of the VeChainThor blockchain infrastructure.

Tokenomic Token VeThor Token (VTHO)

Tokenomics is a term used to describe the economy or economic model of a crypto token. It covers aspects such as token distribution, maximum supply, token usage, incentives, burning mechanisms, etc.

Total Supply: Unlimited

Distribution: 100% - generated from VET

Fundamental Analysis of VeThor Token (VTHO)

VeThor Token (VTHO) fundamental analysis involves an in-depth evaluation of various aspects that influence the value and potential of this token in the VeChainThor ecosystem. Further analysis is as follows.

• VeChainThor blockchain has many partners in various industries.
• Demand for VTHO is increasing as usage of the VeChainThor blockchain increases.
• VTHO has the potential to become a valuable token in the future.

Comparison of VeThor Token (VTHO) & Competitors 

Below is a comparison table of VTHO with its competitors.

Founder & Tim VeThor Token (VTHO)

• Sunny Lu - Founder & CEO VeChain
• Jay Zhang - COO VeChain
• Peter Zhou - VeChain CTO
• The VeChain team consists of 200+ people with experience in blockchain, information technology, and various other industries.

Also Read: What is a Standard Token? The following is the explanation

Members' Opinions About VeThor Token (VTHO)

What experts think about VeThor is:

• VTHO is an important token for the VeChainThor blockchain.
• Demand for VTHO will likely increase as VeChainThor grows.
• VTHO has the potential to be a profitable investment in the future.

Conclusion

VeThor Token (VTHO) is an important energy token for the VeChainThor blockchain. VTHO is used to pay gas fees and transactions on the network and has the potential to become a valuable token in the future.

Dear Beli VTHO from Bittime

After knowing what VTHO is and how it works, are you interested in buying and investing in this crypto asset? You can do it at Bittime. VTHO tokens are available on Bittime in  VTHO IDR pairings. 

 Below is a guide on how to buy VTHO tokens on Bittime. 

1. Register an account at Bittime using an active email. 
2. Complete the identity verification process.  
3. Once the account is verified, open the Bittime application.
4. Select the Market menu or click the graphic icon. 
5. Select IDR pairing to buy VTHO with Rupiah.
6. Click 'Buy'.
7. Select the order type to use. Limit orders, market orders, and stop orders are available.
8. Enter the nominal rupiah to buy VTHO.
9. Click the 'Buy VTHO' button. 
10. A notification pop-up will appear. Read it carefully and click 'Confirm'. 
11. Enter the six-digit Transaction PIN.
12. The application will display a successful order notification. 

Complete guide on how to buy VTHO, click here.

Apart from buying VTHO tokens, you can also buy various crypto assets such as BTC, ETH, SOL, ADA, AVAX, DOGE, and many others. Don't forget, keep monitoring ORDI, BTC, ETH, and SOL price chart movements today to find out crypto market trends on Bittime. 

Crypto asset buying and selling transactions on Bittime are easy, safe, and instant. Bittime is officially registered and supervised by Bappebti and Kominfo.

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DISCLAIMER: This article is informational and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.