VTHO

VTHO is the native utility token of the VeChainThor public blockchain. It serves as the fuel for all transactions and smart contract operations on the network, enabling users to pay for the resources they consume. VTHO is designed to be a stable, predictable currency that facilitates the growth of the VeChain ecosystem.

The VeChainThor blockchain operates on a dual-token model, consisting of VeChain Token (VET) and VTHO. VET is the primary cryptocurrency of the network, used for staking and generating VTHO. VTHO, on the other hand, is the gas token, consumed by users when interacting with the blockchain. This model aims to decouple the cost of using the network from the market volatility of VET, ensuring a stable transaction fee environment for businesses.

VTHO is generated by VET holders. A certain amount of VTHO is produced for every VET held in a wallet. This generation rate can be influenced by various factors, including the amount of VET staked and the overall activity on the network. Businesses and developers building on VeChainThor utilize VTHO to power their decentralized applications (dApps) and execute smart contracts. The predictable supply and consumption mechanism of VTHO is intended to provide a reliable cost structure for enterprise adoption of blockchain technology. The VeChain Foundation manages the parameters of VTHO generation and consumption to maintain the stability and usability of the network.