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VeThor Token VTHO |
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$0.0026308 |
0.16 % (24h) |
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Marketcap |
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$234,259,736 |
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Volume 24h |
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$5,753,131 |
Description
VeThor Token (VTHO) is a utility token that powers the VeChainThor blockchain, which is designed for supply chain and business process management applications.
The VeChainThor network uses a two-token model, where VeChain (VET) is used as the store of value and governance token, while VeThor (VTHO) is used to pay for transaction fees and execute smart contracts.
VeThor is essential for the functioning of the VeChain ecosystem, enabling users to interact with decentralized applications (dApps) and access various services on the network.
By utilizing blockchain technology, VeChainThor offers businesses a transparent, secure, and efficient way to manage their supply chains, track products, and ensure the authenticity of goods.
The token's role in facilitating the smooth operation of VeChainThor positions it as a key asset in the growing enterprise blockchain space.