1D
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VeThor Token (VTHO)VTHO
$0.009335
14.25%
VeThor Token (VTHO)
VTHO Price
$0.009335
14.25%
Rank
#162
Market Cap (24H)
$375.65M
14.36%
Volume (24H)
$40.43M
89.59%
Circulating Supply
40,240,949,357
Transp. Vol.
42%
Grade
C gradeC grade
1H1D1W1M1Y
+5.78%+14.25%-9.21%-27.15%+1,171.53%
Websitehttps://www.vechain.org/
CommunityTwitterRedditTelegram
VeChainThor is a blockchain with an open-source design created for mass business adoption. It is backed by the VeChain ...Read more
VeThor Token logo
VTHO
United States Dollar logo
USD

VeThor Token Price (VTHO)

VTHO Daily Performance

Today's VeThor Token price is $0.009335, which is up 14% over the last 24 hours. VeThor Token's market cap is $375.65M. 24 hour VTHO volume is $40.43M. It has a market cap rank of 162 with a circulating supply of 40,240,949,357. VeThor Token is traded on exchanges. VeThor Token had an all-time high of $0.024419 5 months ago. Over the last day, VeThor Token has had 42% transparent volume and has been trading on 44 active markets with its highest volume trading pairs being .

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VeThor Token Statistics

Summary
VeThor Token Price (24hr)$0.009335 (14.25%)
Market Cap$375.65M (14.36%)
Trading Volume (24hr)$40.43M (89.59%)
Transparent Vol. (24hr)
$16.81M42% (146.78%)
Transparency GradeC gradeC grade(Fair)
Circulating Supply40,240,949,357
7D Price Prediction
N/A
API Coverage
1st 1D CandleJul '18
1st TradeFeb '19
1st OrderbookFeb '19
Exchanges21
Trading Pairs44
Updated1 minute

Price

$0.009335
Price Change
$0.001164 (14.25%)

All-Time High

$0.024419
Date of ATH4/16/2021
Days Since ATH159
% of ATH38.23%
Price vs ATH

Market Cap

$375.65M
Mkt Cap Change
$47.16M$47,158,324 (14.36%)
Mkt Cap Rank162
Mkt Dominance<1%
Mkt Dominance

Volume

$40.43M$40,434,262
Vol. Change
$19.11M$19,106,562 (89.59%)
Exchange VolumeUnknown

Transparent Volume

42%
Transparent Volume (Δ)
146.78%
Transparent Volume
A - 42%
B - 44%
C - 11%
D - 3%

About VeThor Token

VeChainThor is a blockchain with an open-source design created for mass business adoption. It is backed by the VeChain company founded in 2015 as a subsidiary of Bitse, one of the largest blockchain companies in China. VeChain was separated from Bitse and rebranded to VeChainThor in July 2018.

The company is extremely community-oriented trying to give its supporters more opportunities to earn rewards. The team strives to make VeChainThor the best blockchain platform for individual users, enterprises, and project developers.

VeChainThor is an enterprise-friendly blockchain platform with the integration of IoT (Internet of Things) technologies. It offers such features as multi-party payments, multitasking transactions, the governance model Proof-of-Authority (PoA), ToolChainTM, NFT ecosystem, and a two-token model.

The VeChainThor network implements PoA as an underlying consensus mechanism, which increases security, transaction speed and allows multi-party transactions. The governance model assumes a fixed number of well-known validators instead of anonymous block producers. Multi-party payments and multitasking transactions allow members to group payments, add multiple calls to different contract functions in one transaction, and maximize their benefits from using the VeChainThor blockchain.

VeChainThor has implemented the dual token system for efficient governance with the goal to give decentralized applications developers a predictable economic model. This system also serves to separate the cost of using the blockchain from market speculations. The two native VeChainThor cryptocurrencies are VET (VeChain Token) and VTHO (VeThor Token).

VeChainThor consensus

The VeChainThor development team has designed a new consensus algorithm, named SURFACE (PoA2.0) that focuses on both performance and security. It combines the benefits of the two main consensus types: Nakamoto Consensus and Byzantine Fault Tolerance (BFT). SURFACE maximizes the throughput capability of the blockchain and ensures the highest level of data security. It also allows users to choose a security level of their transactions according to their actual needs.

ToolChainTM platform

VeChainThor ToolChainTM is a data BaaS (Blockchain-as-a-Service) platform that business owners can integrate into SCM and CRM systems to improve traceability and transparency of their supply chains while lowering costs. It is a comprehensive solution created to ease the blockchain technology adoption for enterprises bringing benefits for both manufacturers and consumers. The platform allows users to create product identity, order NFC tags designed for various types of products, add tracking information, and transfer product ownership. Brands can also tokenize their products in the form of NFTs without developing smart contracts.

VeChain Token

VET is the first token circulating in the VeChainThor ecosystem since its launch, which represents the right to use the VeChainThor blockchain. It is a VIP-180 token built on the Ethereum blockchain. The maximum VET supply is capped at 86,712 billion tokens.

Users with VET can make transactions at no additional cost as long as they hold the tokens long enough. The coin serves as a means of transferring value within the VeChainThor ecosystem. It is used to execute transactions in decentralized applications developed on the VeChain blockchain. VET allows Proof-of-Work to be conducted for every transaction enabling the validators to mine VTHO. It is also available for investing.

VeThor Token

VTHO stands for VeChainThor Energy. It is used to conduct transactions and execute smart contracts on the VeChainThor blockchain. Like VET, VeThor Token is a VIP-180 standard token that relies on the Proof-of-Stake mechanism.

VTHO is an integral part of the VeChainThor blockchain. It is directly derived from the VET token. For transactions to be processed, a portion of the VTHO token is created for each VET added to the block. To be precise, every VET token generates 0.00000005 VTHO every 10 seconds or 0.000432 VTHO per day. This means that users holding VET get VTHO coins and are able to use the VeChainThor blockchain for free.

VTHO functions as the gas for transactions. The amount of VTHO required depends on the size of the data sent to the blockchain. VET holders can make adjustments to gas price and token generation speed to keep VTHO supply and demand in balance.

VeThor Token holders can become Authority Masternode Operators if they want to validate transactions. They must go through a Know Your Customer (KYC) process to reveal their identity, own a minimum of 1 million VET, and have a strong reputation to be chosen by the VeChainThor foundation. Operators maintain the network and receive transaction fees as rewards. 70% of VTHO charged in each transaction is destroyed and the remainder is awarded to the Operators. In addition, they receive VTHO bonuses from a VET pool managed by the foundation.

The destruction of VTHO tokens keeps their circulating supply at a low level while the demand for the token remains high. The foundation also monitors the market and adjusts the minimum price of gas.

VTHO can be transferred and traded on a number of exchanges including Binance, Bitvavo, BitMart, Gate.io, and Crypto.com against USDT, EUR, BNB. The VET coin and VTHO can be stored in Ethereum compatible hot and cold wallets.

VeThor team and partners

VeChainThor’s founder and CEO Sunny Lu was one of the first to become interested in Bitcoin technology in China. Before VeChain he worked as the IT Manager for Bacardi China. He is also a professional in the luxury industry having worked as the CTO and CIO at Louis Vuitton China responsible for information systems and technology.

Among the VeChainThor employees are Jianliang Gu, the CTO who built the ToolChain platform with his IoT team, Peter Zhou, the Chief Scientist, Shaohuai Jack, a project manager, Jason Rockwood, a general manager, Zhijie Ren, a senior blockchain researcher. Jie Zhang is the co-founder and former CFO of VeChainThor.

VeChainThor specializes in applying its technology to a variety of industries such as food safety, automotive, OEM, fashion, and luxury. It has established cooperative relationships with many leading enterprises, including Walmart China, BMW, BYD Auto, Haier, H&M, and LVMH.

VeChainThor strategic partners DNV (an international accredited registration and classification society) and PwC (a multinational network of firms, operating in the insurance, advisory and tax services) use its blockchain platform to make digital products for their clients. VeChain’s main investor is Fenbushi Capital.

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VeThor Token Markets

(Top 10)
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VeThor Token Historical Data

(Past 7 Days)
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Frequently Asked Questions

  • What’s the current VeThor Token price? How much is 1 VeThor Token worth?

    The price of 1 VeThor Token is $0.009335. Over the last 24 hours, a VeThor Token is worth 14.25% more. Visit our currency converter page to convert VTHO prices to currencies other than USD.
  • When did VeThor Token start?

    The earliest trading data for VeThor Token is on July of 2018 (based on current exchange data).
  • How high can the VeThor Token price go?

    VeThor Token’s price has gone as high as $0.024419 (which is VTHO’s all-time high). It achieved this price 5 months ago. Speculations abound for how high VeThor Token’s price will get in the future.

Today's VTHO / VeThor Token News for September 22, 2021

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