VeThor

VTHO Price

About VeThor (VTHO)

VeThor is the secondary native token of the VeChainThor blockchain, serving as the energy or gas required to power all transactions and smart contract executions on the network.

• Dual-Token Economy: It operates alongside VeChain (VET) to separate the cost of using the network from the market value of the primary asset.
• Passive Generation: Holders of the VET token automatically generate VTHO over time, providing a continuous supply for network operations.
• Dynamic Cost Management: The network can adjust the VTHO generation rate or transaction costs to ensure predictable expenses for enterprise users.

What Is VeThor

VeThor is the functional utility token within the VeChain ecosystem. Its primary purpose is to represent the underlying cost of using the VeChainThor blockchain resources. In this dual-token system, while the primary token serves as a store of value and governance tool, VTHO functions as the operational fuel.

Value moves through the system as users and developers consume VTHO to interact with decentralized applications or transfer assets. The token is put to work by paying for transaction fees and smart contract processing, ensuring that the network remains functional and secure. As the ecosystem grows and more enterprises adopt the platform, the demand for VTHO scales with the increasing volume of on-chain activity.

This economic model is designed to provide stability for businesses. By decoupling the cost of transactions from the volatile price of the primary asset, VeChainThor aims to keep operational costs predictable, which is a critical requirement for large-scale enterprise adoption.

What Makes VeThor Unique

• Stable Transaction Costs: Unlike many other Layer 1 networks where gas prices fluctuate wildly with market demand, VeChainThor can stabilize costs by adjusting technical variables through community governance.
• Fee Delegation: The platform supports meta-transaction features like fee delegation, allowing a third party or a smart contract to pay the VTHO gas fees for a user, significantly lowering the barrier to entry for non-crypto users.
• Predictable Supply: VTHO is generated at a fixed rate per VET held, ensuring a transparent and predictable issuance schedule that is directly tied to the growth of the network's base layer.

What Can You Use VeThor for?

• Transaction Fees: Every transfer of assets or data on the VeChainThor blockchain requires a specific amount of VTHO to be paid as gas.
• Smart Contract Execution: Developers use VTHO to deploy and run smart contracts that power supply chain tracking, carbon credit systems, and other decentralized services.
• DApp Interaction: Users of applications within the ecosystem, such as the VeBetter sustainability platform, utilize VTHO for on-chain actions and rewards.
• Ecosystem Governance: While primarily a utility token, VTHO's role in the economic model is central to governance discussions regarding network resource allocation.

How Does VeThor Work?

VeThor functions as the gas for the VeChainThor network, which utilizes a Proof of Authority consensus mechanism. In this system, authorized Masternodes validate transactions and secure the network, receiving a portion of the VTHO spent on fees as a reward.

VTHO is generated at a base rate for every VeChain (VET) token held in a wallet. When a transaction is processed, the required VTHO is consumed. To manage inflation and maintain the token's value, a significant percentage of the VTHO used in each transaction is permanently burned, while the remainder is distributed to the Authority Masternodes that produced the block. This burn mechanism creates a deflationary pressure that counterbalances the continuous generation of new tokens.

Team Info and Investors

VeThor was launched as part of the VeChainThor mainnet in 2018 by the VeChain Foundation. The project was founded in 2015 by Sunny Lu, who previously served as the CIO of Louis Vuitton China and co-founded the Qtum project. The technical development is led by CTO Antonio Senatore, who brings extensive experience in blockchain architecture and Internet of Things (IoT) technologies.

The project has secured backing from major global entities and venture capital firms, including early partnerships and investments from PwC and DNV. Governance is managed by the VeChain Foundation, a non-profit entity that oversees the development and adoption of the network through a structured community voting system.

Where can you buy VeThor?

VTHO tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade VeThor is Binance, where the most active trading pair VTHO/USDT has a trading volume of $286,258.64 in the last 24 hours. Other popular options include Bitget and MEXC.

What is the daily trading volume of VeThor (VTHO)?

The trading volume of VeThor (VTHO) is $1,108,042.53 in the last 24 hours, representing a 27.50% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for VeThor (VTHO)?

VeThor (VTHO) reached an all-time high of $0.04671 and an all-time low of $0.0001524. It’s now trading -99.20% below that peak and 138.30% above its lowest price.

What is the market cap of VeThor (VTHO)?

Market capitalization of VeThor (VTHO) is $36,690,372 and is ranked #550 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of VTHO tokens (100 Billion tokens are tradable on the market today).

What is the fully diluted valuation of VeThor (VTHO)?

The fully diluted valuation (FDV) of VeThor (VTHO) is $36,698,858. This is a statistical representation of the maximum market cap, assuming total number of 100 Billion ETH tokens are in circulation today.

How does the price performance of VeThor compare against its peers?

With a price decline of -10.90% in the last 7 days, VeThor (VTHO) is underperforming the global cryptocurrency market which is down -3.50%, while underperforming when compared to similar Layer 1 (L1) cryptocurrencies which are down -6.40%.