VET tokens are used to generate VTHO, where VTHO represents the cost of using VeCahin Thor, and VET is subject to market speculation. Not a single operation with smart contracts or transactions can be done without VTHO, while VTHO wouldn’t exist without VET. VeThor Token (VTHO) and the native token VET are a part of the dual-token infrastructure that allows users to enjoy fast transactions and operations for enterprise services on the BaaS platform. Through the use of VTHO tokens, the network enables users to initiate multi-party payments and operate multi-task transactions. In essence, VeThor Token is a smart contract layer and a VIP-180 standard token. All transactions and smart contract operations are executed through the use of VeThor Token.

VTHO is required for every transaction made on the network, while it is also used for sending data to smart contracts. VeThor Token is the main method of payment in the VeChain ecosystem and it also represents the gas currency of the network. The VeChain Thor network is a medium for implementing NFC chips, QR codes, and RFID trackers for the enterprise Internet of Things on the blockchain. The VeChain Thor network is a Blockchain-as-a-Service platform which facilitates services for enterprise users that employ smart chips. VeThor Token (VTHO) is a part of the dual-token system of the VeChain Thor blockchain and it plays an integral role in the functionality of the network.

Why aren’t transaction costs affected by the volatility of VET?.

How is the VeThor Token Network Secured?.

How Many VeThor Token (VTHO) Coins Are There in Circulation?.

Who Are the Founders of the VeThor Token?.

What is tor and how does it work