What is Vethor Coin and how does it work in the cryptocurrency market?

3 answers

• AliciitOct 16, 2023 · 2 years ago
  Vethor Coin, also known as VTHO, is a cryptocurrency that operates on the VeChainThor blockchain. It serves as the energy or gas token for the VeChain platform. VTHO is used to pay for transaction fees, smart contract execution, and other activities on the VeChain network. It is generated by holding VeChain's native cryptocurrency, VET, in a VeChainThor wallet. The more VET you hold, the more VTHO you generate. Vethor Coin plays a crucial role in the VeChain ecosystem by facilitating the smooth operation of the network and incentivizing users to hold VET.
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• AlmaxMar 15, 2021 · 4 years ago
  Vethor Coin is an essential component of the VeChainThor blockchain. It acts as a utility token, powering various operations on the VeChain network. Users can acquire VTHO by holding VET in their wallets. The amount of VTHO generated is proportional to the amount of VET held. VTHO is used to pay for transaction fees and execute smart contracts on the VeChain platform. It ensures the stability and efficiency of the network. Vethor Coin's value is derived from its utility and demand within the VeChain ecosystem.
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• Sumner ByrdJun 11, 2023 · 2 years ago
  Vethor Coin, or VTHO, is the native gas token of the VeChainThor blockchain. It plays a vital role in facilitating transactions and executing smart contracts on the VeChain platform. VTHO is generated by holding VET in a VeChainThor wallet. The more VET you hold, the more VTHO you generate. This mechanism incentivizes users to hold VET and participate in the VeChain ecosystem. Vethor Coin ensures the seamless operation of the VeChain network by providing the necessary gas for transactions and smart contract execution.
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