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Information about VeThor Token (VTHO)
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.
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