What is vtho (vet)?

VTHO is a token, most wallets will allow you to store the coin “VET” and also the token. In some instances, like Tron on Ledger, you have to own Tron before you can have a token from that chain. Reply NoSwayApril 7, 2021 At 22:00 IMO

How does vtho work?

VTHO is received by every VET holder, and it can be used to run apps on the blockchain. This system is fairly similar to how NEO produces GAS for its holders or Ethereum for its users. The new token is generated using the following rate: 0,000432 VTHO per VET per day.

What is the difference between vet and vethor?

Without VET, there is no VTHO generated. Without VTHO, there is no way to pay for VET transactions. VeThor (VTHO) – Generation rate Each VET will create 0.00000005 VTHO with every block that is created (a new block gets added to the chain 10 seconds).

What is vtho (vechain Thor energy)?

VTHO (VeChain Thor Energy) is the second token and it’s like gas since it’s used to pay for transactions on the VeChain network. The more complex the transaction, the more VTHO is required. For example, a regular transaction might cost 50 VTHO while executing a complex smart contract could cost 800 VTHO.