Exchange VeThor Token

VeThor (VTHO) token is one of the two assets of the VeChain Thor public blockchain. The network was initially launched in 2015 and underwent a total rebranding in 2018. Unlike the VeChain token, which is a native asset of the network, VeThor is the token powering the network and the transactions on it. 

VeChain Thor platform was originally created as a subsidiary for a Chinese blockchain industry — Bitse, but was later separated to develop as an independent project.  It boasts increased processing speeds and an open-source design, so the developers can work on the projects together. The blockchain also offers users multi-party payments and multi-task transactions, so different types of enterprises can benefit from the network. The main goal of the network is to provide a secure and transparent supply chain for enterprises. 

VTHO is a token of VIP-180 standard and its price represents the cost of using the VeChain Network. It enables processes and transactions on the blockchain and is directly related to the smart-contracts layer on the Network. To perform any transaction a Vethor token should be created for every VeChain coin introduced to the asset.

Being a VIP-180 token makes Vethor really unique. The bi-token design of VeChain allows users to participate with any of them and makes the users’ involvement more differentiated. The dual token design also makes the execution of smart contracts easier as it only depends on VTHO tokens and doesn’t affect the market value of VET. 

VeChain Network was founded by Sunny Lu, prior IT Manager of Bacardi China.