VeThor Token Research Hub | VTHO information, history and analysis
VechainThor (formerly Vechain) is a blockchain ecosystem that allows scalability and supply chain management, focusing mainly on businesses. With advanced anti-counterfeiting technology, VechainThor will enable partners to check, track the origin, identification, and quality of products in the supply chain through Smart Chips such as NFC Chips, QC Codes, RFID Trackers.
VechainThor was founded in 2015 by Sunny Lu. Originally, VechainThor was called Vechain and was a subsidiary of one of the largest Chinese blockchain corporations – Bitse. But then, Vechain split into a separate company and had a big rebranding step in 2018 when it officially became VechainThor.
Besides VET (the primary token of VechainThor), VTHO is also an active token in the platform, acting as a gas fee. VET is used for trading as an asset representing the value of VechainThor. VTHO is used to pay transaction fees on VechainThor and to reward block producers.
VeChain’s Renaissance Initiative launched: VeChain (VET) has introduced the Renaissance Initiative, which features updated tokenomics and rewards systems aimed at promoting active participation in the network and increasing trading activity, bringing greater attention to VET in the upcoming bull market.
Active participation is essential for VTHO: Under the new earning model, VTHO will be awarded based on users’ active participation rather than mere holding of VET, which fosters engagement and is expected to enhance the overall network’s performance.
Stake limits and variable fees introduced: The New Validator structure has removed the staking cap for VET, incentivizing more extensive token lock-ups. Additionally, variable transaction fees will help manage network congestion more effectively, potentially boosting VET’s attractiveness.
