Vethor Chain is one of the potential blockchain platforms, developed to serve businesses in optimizing supply chain management and integrating IoT (Internet of Things) technology. However, not everyone clearly understands how Vethor Chain works and its development potential.
So what are the outstanding and noteworthy features of Vethor Chain? Let’s explore with AZCoin in the detailed article below.
What is Vethor chain (VTHO)?
Vethor chain is a blockchain platform focused on improving supply chain management processes and optimizing business operations. Founded in 2015, Vethor chain has quickly become one of the world’s leading blockchain ecosystems, thanks to its ability to integrate with cutting-edge technologies such as the Internet of Things (IoT). Vethor chain not only serves businesses but also creates a sustainable ecosystem for consumers.
Project team, Investors and Partners
Project team
VeChain is developed by a team of leading experts in the blockchain and enterprise fields. Sunny Lu, founder and CEO of VeChain, was previously the CTO of Louis Vuitton China and brings extensive knowledge of supply chain management to VeChain.
In addition, the team also includes many other experienced experts such as Richard Fu (CMO), Chin Qian (CSO) and Jay Zhang (CFO). They all share the goal of making VeChain the leading blockchain platform for enterprises.
Investors & Partners
On the investor and partner side, although information about VeChain’s official investors remains confidential, VeChain has cooperated with many large enterprises in the world such as BMW, PwC and H&M in blockchain projects applied to the supply chain.
The purpose of VeChain
VeChain was created with a big vision to improve the efficiency of supply chain management and business processes through the integration of blockchain technology. VeChain was originally created to help businesses better control the management of product origin, from production to consumers, ensuring transparency and anti-fraud.
The VeChainThor blockchain not only allows businesses to easily trace the origin of products, but also provides a platform for executing smart contracts, ensuring transactions are secure, fast and immutable. This has significantly increased trust and efficiency in the supply chain, especially in industries such as food, pharmaceuticals and luxury goods.
Vethor Chain highlights
VeThor Chain is an important part of the VeChain ecosystem, with some highlights as follows:
- Two-token economic model: VeThor Chain uses a two-token economic model, including VeChain Token (VET) and VeThor Token (VTHO). VET is used to store and transfer value, while VTHO is used to pay transaction fees on the VeChain network.
- Generating VTHO from VET: VET holders will automatically generate VTHO at a fixed rate. This encourages long-term VET holding and participation in the VeChain ecosystem.
- Low transaction fees: VeThor Chain offers low-fee transactions thanks to the use of VTHO to pay fees. This helps reduce costs for users and businesses when using the VeChain network.
- Enterprise Applications: VeThor Chain is designed to support enterprise applications, including supply chain management, product tracking and IoT solutions. This helps increase transparency and efficiency in business processes.
- dApp development support: VeThor Chain provides tools and resources for developing dApps, making it easy for developers to build and deploy solutions on the VeChain network.
In addition to the project Vethor chain, you can refer to a few more projects with development potential that many investors are interested in such as: PIXEL Coin, Ontology, ethena usde.
Basic information about VTHO token
What is VTHO token?
VTHO Token (VeThor Token) is issued to support data recording on the Vethor chain blockchain. It’s a digital asset used to pay for transactions and execute smart contracts. Every transaction on the Vethor chain requires a fee paid in VTHO, ensuring that the platform operates efficiently and sustainably.
Technical parameters
- Token name: Vethor chain
- Symbol: VTHO
- Blockchain: VechainThor
- Standard token: VIP18
- Contract: 0x0000000000000000000000000000456E65726779
- Market cap: $161,887,364
- Circulating supply: 80,778,739,989 VTHO
- Total supply: 80,778,739,989 VTHO
- 24h trading volume (21/09/2024): $2,472,852
VTHO token allocation
The VTHO token allocation ratio is divided as follows:
- 41% will be released to the market through the token sale round.
- 9% will be held by private investors.
- 23% will be reserved for corporate investors.
- 5% will belong to the founding and development team.
- 12% will be used for operating budget and technology development.
- 10% will be used for promotional activities and business development.
Purpose of VTHO Token
VTHO Token isn’t just a means of payment. It’s also used to:
- Perform transactions on the blockchain.
- Pay fees for recording data and using smart contracts.
- Facilitate the transfer of assets between parties in the ecosystem.
Where to buy and sell VTHO tokens?
Currently, you can easily buy VTHO Token on many best cryptocurrency exchanges, such as Binance, OKX, KuCoin, Bitrue,….These exchanges support many trading pairs such as VTHO/USDT or VTHO/BTC, giving users many options when they want to invest or trade VTHO.
VTHO token storage wallet
To store VTHO Token safely, users can use hardware wallets such as Ledger or Trezor. In addition, software wallets such as Trust Wallet or Atomic Wallet also support VTHO and provide a high level of security for users.
The Future of Vethor Chain and VTHO Token
With more and more businesses adopting and adopting blockchain, the future of Vethor Chain and VTHO Token is predicted to be very bright. As more and more businesses use VeChainThor to manage their supply chains, the demand for VTHO will also increase.
This could lead to an increase in the value of VTHO in the future. Investing in VTHO now could be a strategic decision for those looking to enter the blockchain market.
Conclusion
Above is an AZCoin detailed article about Vethor Chain and its role in the VeChainThor ecosystem. With great potential and clear practical applications, VTHO Token is definitely a worthy choice for investors who want to participate in the cryptocurrency market.
I’m Jessi Lee, currently living in Singapore. I am currently working as a trader for AZCoin company, with 5 years of experience in the cryptocurrency market, I hope to bring you useful information and knowledge about virtual currency investment.
Email: [email protected]
