VeThor Token

The VeThor token is one of two tokens used on the VeChainThor public blockchain. VeChain was originally launched in 2015, but it went through a difficult rebranding process in 2018. While VeChain Token (VET) is the native token for the platform, VeThor Token (VTHO) plays an important role in the overall functionality of the blockchain. The VeThor token is a standard VIP-180 token, i.e. is the cost of using the VeChainThor blockchain. Its main purpose is to facilitate processes and transactions on the blockchain, and it essentially represents the layer of smart contracts on the network.

The VeThor (VTHO) token is unique in that it is a standard VIP-180 token. While VeChain Token (VET) acts as the main value transfer token, VTHO is an integral part of how VeChainThor works. The two-token blockchain design allows traders to participate with both tokens, thereby diversifying their participation in the project. The VeChainThor blockchain boasts increased processing speed and an open source design that allows developers to join forces. In addition, VeChainThor has developed meta-transaction features that allow members to arrange multi-party payments and multi-tasking transactions. This versatility allows enterprise users of all levels to benefit from the power of the blockchain. In addition, the VeChainThor network benefits from a two-token design, as transactions and smart contracts are carried out thanks to the VTHO token, which is not directly related to the market value of VET.

The meta-transaction features inherent in the VeChain Thor blockchain core protocol, such as multi-party payment, multi-tasking transaction, managed transaction life cycle, transaction dependency, make the development more convenient for use in the enterprise. Controlled Transaction Lifecycle - With the BlockRef and Expiration transaction fields, users can set the time a transaction is processed or expires if the transaction is not included in a block. Multitasking Transaction (MTT) - Multifunctional atomic transactions allow developers to group payments, add multiple calls to different contract functions in a single transaction, and define their sequence. Multi-Party Payments (MPP) - Flexible transaction fee delegation schemes make it easy to use the freemium model in a decentralized application for on-board users.

Masternode managing operators interested in the development of the VeChain ecosystem support the VeChainThor protocol in accordance with the Fund's governance policy. PoA solves the common problems of enterprises associated with inefficient modernization and energy use. Low processing power required to achieve network security and consensus integrity. Controlled by a built-in smart contract, hard forks can be avoided if reputable mastermods don't upgrade.

Sunny Lu is the founder and CEO of VeChain. There were several important turns in his professional career. In 2009, Sunny Lu took over as IT Manager for Bacardi China. A year later, he turned his attention to the world of fashion, becoming Louis Vuitton's chief technical officer in China. In 2014, he moved to the company's IT sector, becoming the CIO of the Chinese division. A year later, in 2015, the idea for VeChain was born and Sunny Lu founded the company. VeChain was originally a subsidiary of Bitse, one of the largest companies in the Chinese blockchain industry. Sunny Lu later split from Bitse and VeChain became a stand-alone enterprise. In 2018, the company went through a significant rebranding process, which resulted in the creation of the VeChainThor blockchain and the VeThor token.

VeThor Token price today is ₽0.345333 RUB with a daily trading volume of ₽844,303,819 RUB. We update our VTHO to RUB price in real time. VeThor Token is down 3.72 in the last 24 hours. The current CoinMarketCap rating is #267 with a market capitalization of RUB15,757,623,374. The circulating supply is 45,630,180,356 VTHO coins and max. no offer.

The most popular exchanges for trading VeThor Token are currently: Binance, Gate.io, Crypto.com Exchange, MEXC