VeThor Token (VTHO)
VeChain is also a dual token system consisting of VeChain Token (VET) and VeThor Token (THOR). Network users are rewarded with the latter when they hold the former, which is also the case with NEO & GAS. The VeChain Token can be used to deploy applications on the platform where as VeThor can be used to pay for applications and other transactions over the network. VeChain claims that this economic model is better suited for enterprises than the one in other blockchains, such as Ethereum and Bitcoin, where higher usage drives the cost of the utility token and subsequently the cost of deploying and operations in the protocol. In an official blog post earlier this year, the foundation announced it’s “grand aspirations to make financial services sector one of the main focuses on our development plan”. They also announced their partnership with a property mortgage loan provider Fanghuwang.com, a subsidiary of Beijing Baisheng Technology Co., Ltd. They also reported partnerships with BMW, Groupe Renault, and DNV GL. Until now, VeChain has existed in the form of an ERC-20 token on the Ethereum blockchain. In an announcement detailing the roadmap moving forward, the foundation stated that they would engage in negotiations with exchanges to perform the token swap to become an independent network. The roadmap also detailed plans to launch a mobile wallet and ledger integration.
$0.0011 – $0.00121
52 Week Range
$0.00091 – $0.00252
All Time High
% down from ATH
Days since ATH
07 June 2022
An introductory guide to Vechain (VET)
How to Buy Vechain · The first step to buying VET is to open an account with a cryptocurrency exchange that supports VET, we recommend:
25 May 2022
What is VeChain? I'll give you a hint, it's not a supply chain platform.
Follow @vechainvefam What is VeChain? Built on top of the VeChainThor public blockchain, the VeChain VET VTHO ecosystem is one of the premier enterprise-focused platforms that aims to solve real world economic problems and create value with the blockchain technology. I always wince a little when someone describes VeChainThor as a “supply chain platform”. We’re a smart-contract platform. Supply chain is […]
25 May 2022
VeChain Ecosystem - 140+ Ecosystem Connections
We will be taking a deep dive into the VeChainThor Ecosystem. Exploring the Enterprises who Trust VeChainThor and the VeChain Ecosystem.
17 May 2022
VeChain Treasury Held $1.2 Billion in BTC, ETH, VET, and Stablecoins –Q1 Report Says
The VeChain Foundation has published its first-quarter report that reveals that its treasury accrued $1.2 billion worth of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), VeChain (VET), and stablecoins. According to the report, in the first quarter of 2022, the blockchain project massively progressed in its quest to expand further into Europe, stating that it’s now …