- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
VeChainThor
About VeChainThor
VeChainThor (VTHO) is a secondary token of the VeChainThor blockchain, used as “gas” for transactions and smart contract execution. It’s generated by holding VeChain Tokens (VET). The VeChainThor platform, founded by Sunny Lu and Jay Zhang, is a blockchain system for enterprise use and supply chain management. It enhances supply chain processes by ensuring product authenticity, traceability, and quality. The platform features multi-party payments and controllable transaction lifecycles for business flexibility and efficiency. While VET is staked and held for value, VTHO is used for operational activities, decoupling usage cost from market speculation.
*VeChainThor (VTHO) Token:* VTHO, or VeChainThor Energy, is the native secondary token of the VeChain blockchain. While VeChain Token (VET) is the primary token used for value transfer, VTHO represents the underlying cost of using the VeChainThor blockchain and serves as the "gas" or energy used to power transactions and smart contract execution.
*VeChainThor Platform:* The VeChainThor platform is a blockchain system tailored for enterprise use and supply chain management. By leveraging blockchain technology, VeChainThor aims to enhance supply chain processes, ensuring the authenticity, traceability, and quality of products. The platform incorporates features like multi-party payments and controllable transaction lifecycles to provide flexibility and efficiency for businesses.
VTHO is intrinsically generated by holding VeChain Tokens (VET) and is consumed as energy or "gas" for transactions and executing smart contracts on the VeChainThor blockchain. This dual-token system ensures that while VET can be staked and held for value, VTHO can be used for operational activities, helping to decouple the cost of usage from market speculation.