VeThor Token VTHO

VeThor Token (VTHO) is the native utility token of the VeChainThor blockchain. It represents the cost of using the VeChainThor blockchain and is consumed or burned after certain blockchain operations are performed. VTHO is generated by holding VeChain Token (VET) in a compatible wallet, and it serves as a means to pay for transaction fees and smart contract executions on the VeChainThor network.

VeThor Token (VTHO) is unique compared to other cryptocurrencies because it serves a specific purpose within the VeChain ecosystem. VTHO is used as the energy or fuel to power transactions and execute smart contracts on the VeChain blockchain. It is generated by holding VeChain Token (VET) in a VeChainThor wallet. This two-token economic model ensures that VET holders are incentivized to hold and stake their tokens to generate VTHO, which can then be used for various activities within the VeChain ecosystem. This unique economic model helps to create a stable and non-volatile trading environment for both VET and VTHO.