Buy VeThor (VTHO)
What is VeThor?
VeThor (VTHO) is part of VeChain's dual-token economic model, serving as the energy or 'gas' token on the VeChainThor blockchain. It is used to pay for on-chain transactions, smart contract operations, and to facilitate processes and transactions within the VeChain ecosystem.
How does VeThor work?
VeThor operates on the VeChainThor blockchain, which uses a dual-token system comprised of VeChain Token (VET) and VeThor Token (VTHO). VTHO is generated by holding VET tokens. It serves as a utility token to cover transaction fees and execute smart contracts. The blockchain employs a Proof of Authority (PoA) consensus mechanism featuring 101 Authority Masternodes that validate transactions and propose new blocks, ensuring an efficient and secure network.
What are the potential use cases for VeThor?
VeThor has several use cases, particularly in enhancing supply chain management and enterprise solutions. It is used in industries like automotive, logistics, auditing, and data management to improve transparency, efficiency, and data integrity. Notable applications include partnerships with companies such as BMW, DHL, and PwC to integrate blockchain solutions within their operations.
What is the history of VeThor?
VeThor's history is intertwined with VeChain, which was founded in 2015 by Sunny Lu and Jay Zhang. Originally operating on the Ethereum blockchain as VEN, VeChain transitioned to its own VeChainThor blockchain in 2018, adopting a dual-token model with VET and VTHO. This transition included the introduction of the PoA consensus mechanism and a focus on enterprise adoption with significant partnerships and industry applications.
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Frequently Asked Questions (FAQs)
What is the current price of VeThor (VTHO)?
The VeThor price is $0.00440555 AUD, representing a +6.87% from the day prior.
Where is the best place to buy VeThor (VTHO) in Australia?
The best place to buy VeThor (VTHO) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell VeThor (VTHO) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of VeThor (VTHO)?
The trading volume of VeThor (VTHO) is $6.2M AUD in the last 24hrs, representing a +6.87% from the day prior.
How can I buy VeThor (VTHO)?
VeThor (VTHO) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of VeThor (VTHO)?
The current market cap of VeThor (VTHO) is $367.3M AUD.
Can I convert VeThor (VTHO) to cash?
Yes - With Coinstash you can convert your VeThor (VTHO) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many VeThor (VTHO) are there?
The current circulating supply of VeThor (VTHO) is 84.1B.
Is Coinstash a safe place to buy VeThor (VTHO) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling VeThor (VTHO) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.