VeThor Token (VTHO) is a crucial component of the VeChainThor public blockchain, a platform that strives to enhance the functionality of blockchain technology. Launched in 2015 and rebranded in 2018, VeChainThor employs two tokens: VeChain Token (VET) and VeThor Token (VTHO). While VET serves as the primary value-transfer token, VTHO plays a vital role in facilitating processes and transactions on the blockchain. VTHO, a VIP-180 Standard token, essentially represents the smart contract layer of the network. The unique dual-token design of VeChainThor allows users to engage with both tokens, diversifying their interaction with the platform.

VTHO operates within the VeChainThor blockchain, a platform that strives to improve processing speeds and an open-source design. The VeChainThor blockchain uses a proof-of-authority (PoA) consensus mechanism, which aims to validate transactions swiftly. The PoA consensus relies on approval from an Authority Masternode (AM), selected by the VeChain Foundation. Both VET and VTHO tokens are a special class of ERC-20 coins, meaning they can be stored in various cryptocurrency wallets. VTHO is generated for every VET token added to the block, facilitating transactions on the VeChainThor blockchain.

VTHO is integral to the operation of the VeChainThor blockchain, facilitating transactions and smart contracts execution. The token's primary use case is to represent the cost of using the VeChainThor blockchain. The VeChainThor blockchain aims to improve processing speeds and an open-source design, allowing developers to collaborate. The platform also developed meta-transaction features, which seek to enable multi-party payments and multi-task transactions. This versatility seeks to benefit enterprise users of all levels, allowing them to utilize blockchain capabilities.

VeThor Token was born out of the VeChain project, which was initially launched in 2015 by Sunny Lu. VeChain was a subsidiary of Bitse, one of China's largest blockchain companies, but later separated to become an independent enterprise. In 2018, the company underwent a significant rebranding process, resulting in the creation of the VeChainThor blockchain and the VeThor token. The VeChainThor blockchain and its dual-token system, including VTHO, have since been used to facilitate transactions and processes on the platform.

VeChain (VET) and VeThor (VTHO) are two integral tokens within the VeChainThor public blockchain ecosystem, each serving distinct roles. VET is the primary cryptocurrency for the VeChainThor network, functioning as a medium for transferring value within the ecosystem. It's designed to fluctuate based on market speculation, making it a frequently traded token within the ecosystem. VET tokens are also necessary for the creation of VTHO. Users receive VTHO for maintaining a balance in VET, encouraging participation in the ecosystem and fostering interconnectivity between the two tokens. On the other hand, VeThor, also known as VeChainThor Energy, facilitates the backend operations of the VeChainThor blockchain. These tokens operate similarly to gas on the Ethereum network. Developers must hold VTHO to execute smart contracts and transactions, making it an integral component of the ecosystem. VTHO is also utilized in the data transmission process of smart contracts. In essence, while VET is used for value transfer within the ecosystem, VTHO is utilized for transaction processing and smart contract operations within the VeChainThor ecosystem.

VeThor Token (VTHO) is an integral part of the VeChainThor blockchain's dual-token system, which also includes the VeChain Token (VET). VTHO is produced as a result of VET token possession, establishing a mutually dependent relationship between the two. For every new block created on the network, 0.00000005 VTHO is produced per VET held by users. This process occurs approximately every 10 seconds, meaning a user with 1 VET in their account can produce 0.000432 VTHO per day. Once VTHO tokens are used to pay transaction costs or for sending data to smart contracts, 70% of the used tokens are destroyed, and the remaining 30% are allocated to the Authority Node, the entity responsible for validating transactions on the network. This system seeks to maintain a balance between supply and demand, with the intention of stabilizing transaction costs on the VeChainThor blockchain.

Holding and utilizing VeThor Token (VTHO) in the VeChain ecosystem has various uses. VTHO is generated by holding VeChain Token (VET) in a wallet or on an exchange that supports VTHO generation. This process results in VTHO generation for VET holders. VTHO is used as the energy or "gas" to power transactions and smart contracts on the VeChainThor blockchain. Users who hold VTHO can interact with the blockchain for certain operations, like executing smart contracts and transferring tokens. If they want to write data to the blockchain, they have to utilize VTHO. The dual-token system is designed with the intention of maintaining stable transaction costs. The dual-token system is part of VeChain's approach to blockchain utilization.

VeThor Token (VTHO) serves a function in the VeChainThor blockchain ecosystem, particularly in the development and deployment of smart contracts. VeChainThor operates on a unique two-token system, which includes VeChain Token (VET) and VeThor Token (VTHO). VET is primarily used within the ecosystem, while VTHO is used to power transactions and smart contract interactions. This dual-token system is designed to separate the resource requirement of using the blockchain (paid in VTHO) from market speculation (which affects the price of VET). When developers create and execute smart contracts on VeChainThor, they use VTHO as "gas" to pay for these operations. This system is designed to maintain a consistent resource requirement for using the blockchain, even if the market price of VET fluctuates. This consistency is important for businesses and developers who need predictable resource requirements for their blockchain operations.

The VeChainThor network utilizes a distinctive two-token system to aim for the stability and predictability of VTHO gas fees. This system comprises the VeChain Token (VET) and VeChainThor Energy (VTHO). VET serves as the primary token for facilitating activities within the ecosystem, enabling transactional activities and stakeholder voting. Conversely, VTHO is utilized as the energy or "gas" to power transactions and smart contracts on the VeChainThor blockchain. VTHO is produced as a result of possessing VET, providing a mechanism to separate the cost of using the blockchain from the market price of VET. This system strives to maintain consistent transaction costs and facilitates resource allocation within the ecosystem. VeChain implements a VTHO burning mechanism to maintain balance, where a portion of VTHO used in transactions is destroyed, balancing the supply-and-demand dynamics and aiming to ensure the consistency of transaction costs.

VeThor Token (VTHO) plays a crucial role in the VeChainThor blockchain, which is designed to modify supply chain management processes. VTHO represents the cost of using the VeChainThor blockchain and is used to facilitate transactions and processes on the network. This token is generated by holding VeChain Token (VET) in a wallet or on an exchange that supports VTHO generation. The transaction fee, determined by the amount of data and computation involved in the transaction, is paid using VTHO. This dual-token system intends to work towards a more stable and scalable ecosystem, separating the cost of using the blockchain from market speculation. VeChainThor blockchain's features, such as traceability, transparency, and immutability, are crucial for businesses to track and verify the authenticity of their products, modifying supply chain efficiency and building trust with their customers. Therefore, the VeThor Token provides a method for businesses to leverage blockchain technology in their supply chain management processes.