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VeThor Token is one of the two tokens used by the VeChainThor public blockchain. VeChain was originally launched in 2015 but underwent a significant rebranding process in 2018. While the VeChain Token (VET) serves as the native token for the platform, the VeThor Token (VTHO) plays a crucial role in the overall functionality of the blockchain.
What is VeThor Token (VTHO)?
VeThor Token is a VIP-180 Standard token that represents the cost of using the VeChainThor blockchain. Its primary purpose is to facilitate processes and transactions on the blockchain and essentially represents the smart contract layer of the network.
VeThor Token (VTHO) is unique because it is a VIP-180 Standard token. While VeChain Token (VET) operates as the primary value transfer token, VTHO is an integral part of the VeChainThor operation. The blockchain’s dual-token design allows investors to participate with both tokens, thus diversifying their involvement in the project.
The VeChainThor blockchain has enhanced transaction speeds and an open-source design, allowing developers to combine their efforts. Additionally, VeChainThor has developed meta transaction features that enable participants to arrange multi-party payments and multitask transactions. This versatility allows corporate users of all levels to benefit from blockchain capabilities. Furthermore, the VTHO token benefits from the dual-token design of the VeChainThor network, as transactions and smart contracts are executed without being directly related to VET’s market value.
On the other hand, Sunny Lu, the founder and CEO of VeChain, has made significant progress in his professional career. Sunny Lu became the IT Manager at Bacardi China in 2009. A year later, he shifted his focus to the fashion industry and became the chief technical officer at Louis Vuitton China. In 2014, he transitioned to the IT sector, becoming the CIO of the company’s China division. A year later, in 2015, the idea for VeChain was conceived, and Sunny Lu established the company.
Where to Buy VTHO Coin?
VTHO Coin can be quickly and securely purchased through Binance, the world’s largest cryptocurrency trading platform by transaction volume.
To buy VTHO Coin, one must first become a member of Binance and then send fiat currency. After sending a fiat currency such as the US dollars, purchasing operations can be carried out in the Tether (USDT) Binance Coin (BNB) VTHO trading pair.
In addition, on Binance, users can place an order to buy at a lower value than the market price. This can be done by using the Limit tab and entering the amount and price you wish to buy at.
