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What is VeThor Token (VTHO)?

VeThor Token basic info

Name:VeThor Token
Ticker:
Introduction:

What Is VeThor Token?

VeThor Token is a component of the VeChain public blockchain, operating alongside the VeChain Token (VET). While VET serves as the native token for the platform, representing the primary value-transfer medium, VTHO is indispensable, representing the smart contract layer of the network and the cost of using the VeChain blockchain. VeThor Token is unique as a VIP-180 Standard token, and its creation was spearheaded by Sunny Lu, the founder and CEO of VeChain, who has a diverse professional background, including roles at Bacardi China and Louis Vuitton China.

VeThor Token is not just a technological innovation but also a financial instrument within the VeChain ecosystem. It facilitates transactions and processes on the blockchain, allowing traders to diversify their involvement with both VET and VTHO tokens. The dual-token design of VeChain enables increased processing speeds and an open-source design, fostering collaborative development efforts and offering solutions to real-world economic problems by making blockchain technology more scalable and accessible.

Resources

Whitepaper: https://www.vechain.org/assets/whitepaper/whitepaper-3-0.pdf

Official Website: https://www.vechain.org/

How Does VeThor Token Work?

VeThor Token operates as the energy or "gas" for transactions and smart contract execution on the VeChain blockchain, ensuring smooth operation and functionality. The VeChain blockchain, with its high processing speeds and open-source code, encourages app development and aims to make blockchain technology more accessible and sustainable. The blockchain’s dual-token system, consisting of VET and VTHO, allows for the separation of the cost of using blockchain and the value transfer, with VET being used as a store of value and to mint VTHO tokens.

The VeChain network is secured through a proof-of-authority (PoA) consensus mechanism, allowing for swift transaction validation. The network is influenced by the Ethereum Virtual Machine (EVM) but operates as a separate blockchain. Authority Masternodes, selected by the VeChain Foundation, validates transactions after disclosing their identity and building their reputation.

What Is VTHO Token?

VTHO, the VeThor Token, is a VIP-180 Standard token and represents the cost of using the VeChain blockchain. It is used primarily for transaction fees and is integral to the blockchain's smart contracts. Launched on 30 July 2018, VTHO has experienced significant price fluctuations, with its value being influenced by various developments and partnerships within the VeChain ecosystem. It has attracted attention from large businesses like COS, a brand owned by HM, for its potential in supply and logistics management.

There is a circulating supply of 67,473,168,009 VeThor Tokens with no maximum limit, and tokens are generated through the blockchain’s other native token, VET.

VeThor Token's Impact on Finance

VeThor Token is pivotal in the financial dynamics of the VeChain blockchain, allowing users to execute transactions and deploy smart contracts. Its presence has attracted significant partnerships and has been instrumental in solving issues related to transparency and efficiency in various industries, including fashion and logistics. The token's value and demand are closely tied to the adoption and utilization of the VeChain blockchain by enterprises, impacting the financial landscape by offering a decentralized solution to real-world economic challenges.

The future of VeThor Token is intertwined with the success and adoption of VeChain’s blockchain technology. Predictions about its value vary, with some speculating substantial growth in the coming years. However, the volatile nature of cryptocurrencies necessitates careful consideration and research before investment. The continuous development, partnerships, and the pursuit of making blockchain technology more accessible and scalable underline VeThor Token's potential impact on the world of finance and blockchain technology.

What Determines VeThor Token's Price?

The price of VeThor Token (VTHO) is influenced by a myriad of factors, reflecting the intricate dynamics of the cryptocurrency market. One of the primary determinants of VeThor Token price is its adoption and utilization within the VeChain blockchain, especially by large enterprises seeking decentralized solutions for supply and logistics management. The token's value is closely tied to the demand generated by transactions and smart contract executions on the blockchain. Developments, partnerships, and enhancements within the VeChain ecosystem, such as the introduction of new features or collaborations with prominent brands, can significantly impact the cryptocurrency price, driving trends and shifts in the cryptocurrency market.

Cryptocurrency analysis and price prediction for VeThor Token also consider the overall state and trends of the crypto market, including market volatility, cryptocurrency regulation, and events impacting cryptocurrency enthusiasts and the crypto community. The token’s price history and cryptocurrency charts are analyzed by cryptocurrency experts and influencers to forecast potential price movements in 2023 and beyond, aiding investors in making informed decisions. For instance, announcements related to cryptocurrency adoption by renowned brands and enterprises, changes in cryptocurrency regulation, or developments in cryptocurrency security can lead to fluctuations in the VeThor Token price. Prospective buyers looking to invest in VeThor Token can buy the cryptocurrency on leading exchanges such as Bitget, considering the cryptocurrency trading strategies, risks, and the potential for it being the best crypto investment for 2023.

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Current price:
All-time high:$0.04201
All-time low:$0.0001526

VTHO supply and tokenomics

Circulating supply:84,246,815,000 VTHO
Total supply:84,246,814,013 VTHO
Max supply:0 VTHO
Market cap:$236.17M
Fully diluted market cap:$236.17M

Links

Buy VeThor Token for $1Buy VTHO now

What is the development prospect and future value of VTHO?

The market value of VTHO currently stands at $236.17M, and its market ranking is #271. The value of VTHO is not widely recognized by the market. When the bull market comes, the market value of VTHO may have great growth potential.

As a new type of currency with innovative technology and unique use cases, VTHO has broad market potential and significant room for development. The distinctiveness and appeal of VTHO may attract the interest of specific groups, thereby driving up its market value.

What will the price of VTHO be in 2025?
Based on VTHO's historical price performance prediction model, the price of VTHO is projected to reach $0.003536 in 2025.
What will the price of VTHO be in 2030?
In 2030, the VTHO price is expected to change by +6.00%. By the end of 2030, the VTHO price is projected to reach $0.006981, with a cumulative ROI of +154.85%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of VTHO and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is VTHO worth investing or holding? How to buy VTHO from a crypto exchange?

If you want to buy VTHO, the following information may be helpful for your investment decisions:
In the last 7 days, the price of VTHO has fallen by -19.41%, leading to negative returns for most VTHO investors. The market is currently pessimistic about the price trend of VTHO.
It is important to note that the current price of VTHO has retreated by -93.33% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether VTHO is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in VTHO or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of VTHO, if you want to buy or sell VTHO, you can consider Bitget for your trading needs. The best place to buy VTHO is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in VeThor Token has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy VeThor Token. Here's a step-by-step guide on how to buy VeThor Token on Bitget.

How to get VeThor Token through other methods?

Using cash to buy VeThor Token is not the only way to obtain VeThor Token. If you have the time to spare, you can get VeThor Token for free.
Learn how to earn VeThor Token for free through the Learn2Earn promotion.
Earn free VeThor Token by inviting friends to join Bitget's Assist2Earn promotion.
Receive free VeThor Token airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to VeThor Token through Bitget Convert, Bitget Swap, or spot trading.

What is VeThor Token used for and how to use VeThor Token?

The use case of VeThor Token may expand as the crypto market and the project itself develop. Currently, you can use VTHO to achieve the following goals:
Arbitrage by trading VTHO: Since VTHO is a frequently traded cryptocurrency, the price of VTHO is always fluctuating. Earn more VTHO by buying low and selling high on the exchange. Bitget spot market provides a variety of VTHO trading pairs to fully meet your needs.
Earn by staking VTHO: You can also generate income through financial management methods such as staking VTHO or lending VTHO. Bitget Earn offers a variety of financial products designed to help you earn more income from your VTHO.
Send or pay VTHO: If you want to give VTHO to your friends, a charity, or a fundraiser, or you want to pay someone with VTHO, you can quickly and easily send VTHO to the recipient through their payment address.
You can also go to the official website of the VeThor Token project to learn more about the use cases of VTHO. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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VTHO resources

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VeChain
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Links
VeThor Token WebsiteVeThor Token WhitepaperVeThor Token TwitterVeThor Token Github

VTHO price calculator

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VTHO
USD
1 VTHO = 0.002828 USD
Last updated (UTC-0)
Buy VTHO now