What is VeThor Token (VTHO) Coin
VeThor Token is one of the two tokens employed by the VeChainThor public blockchain. VeChain was initially launched in 2015, but it went through a heavy rebranding process in 2018. While VeChain Token (VET) is the native token for the platform, VeThor Token (VTHO) plays an essential role in the overall functionality of the blockchain.
The VeThor Token is a VIP-180 Standard token, which represents the cost of using the VeChainThor blockchain. Its primary purpose is to facilitate processes and transactions on the blockchain, and it essentially represents the smart contract layer of the network.
- VeThor (VTHO) is the secondary token of the VeChainThor ecosystem and functions as the gas for transactions.
- While the VeChain token (VET) serves as a value-transfer medium on the VeChainThor blockchain, VTHO represents the underlying cost of using the VeChainThor blockchain and is consumed after certain blockchain operations are performed (i.e. gas payments).
- The amount of VTHO that is needed for a transaction depends on the size of the data that is sent on the VeChainThor blockchain. Adjustment to variables such as gas price and token generation velocity can be made by VET holders in order to maintain the equilibrium of VTHO demand and supply.
- As at July 15th 2020, VTHO is generated from any address holding VET at the predetermined generation velocity of 5×10-8 per VET per block. 70% of VTHO paid in each transaction is destroyed and the rest is awarded to the Authority Masternode Operators who validate and process blocks for the transactions.
How To Buy VeThor Token (VTHO) Coin
1.Step: Everyone who is planning to invest in or benefit from the advantages of cryptocurrencies wonders the answer to Where to buy Vtho coin question. First, you need an online wallet to buy cryptocurrencies. You need to sign up to Binance exchange from here, which is preferred globally to buy coins and you can buy coins with fiat currencies. You can quickly access many assets and trade types such as altcoins, future markets, and margin by creating a Binance account.
2.Step: Complete your registration by typing an email to the email section or typing your phone number on the section available on the mobile tab. Click/tap on the “Buy Crypto with Your Credit Card” option after the registration and verify your identity.
3.Step: Continue the process by typing the amount you would like to invest and your preferred cryptocurrency. Keep in mind that for security reasons, your credit card/debit cardholder information must match with the name available on your account. If you would like to buy cryptocurrencies with a wire transfer, you need to follow the Buy Crypto > Third-Party Payment options to pick your preferred fiat currency to buy cryptocurrencies.
4.Step: If the cryptocurrency you are planning to buy is not available on the list, buy USDT “You can always redeem 1 USDT Coin for US $1.00”. You can buy any coin you want with USDT by following Buy-Sell > Classic steps. We have provided the answer to How to buy VeThor coin, now you can view the cryptocurrencies you bought by clicking on the wallet summary available on your Binance account. You can sell your assets when their value increases, or you can withdraw them to your bank account in desired fiat currency.
How Much is a VeThor Token (VTHO) Coin
VeThor Token (VTHO) coin prices are updated instantly in USD, Euro, Sterling currencies in the following table.
VeThor Token (VTHO) Coin Review
You can learn more about VeThor Token (VTHO) coin reviews and information on cryptocurrencies by visiting their official page available in the following.
Website https://www.vechain.org/ Whitepaper https://www.vechain.org/whitepaper/ Github https://github.com/vechain Documentation https://docs.vechain.org/ Telegram https://t.me/vechain_official_english Youtube https://www.youtube.com/channel/UCqKEWPu5hkEl4o3sxlj3N5A