VTHO VeThor Rank #550 $0.0004 ▼ 2.16%

VeThor (VTHO) is the utility token of the VeChain ecosystem, operating on VeChainThor, an independent Layer 1 blockchain that originated as an ERC-20 token on Ethereum before migrating to its own network. It forms one half of a dual-token economic model alongside VeChain Token (VET), in which holding VET generates VTHO as a reward, a structure similar to the relationship between NEO and GAS on the Neo network. VTHO functions as the medium of exchange for on-chain activity within the VeChain ecosystem. It is used to pay for transactions and the execution of smart contracts, separating the cost of using the network from the speculative pricing of the primary asset. This separation is designed to keep transaction fees stable and predictable as network usage grows, making the system more practical for enterprise applications. VET, by contrast, serves as the value-transfer and staking asset, and is used to deploy applications on the platform. VeChain and VTHO have been positioned for use in supply chain management, logistics, and other enterprise-oriented use cases, with the foundation highlighting ambitions in the financial services sector and reported partnerships across automotive and certification industries.