The price of VTHO has been fairly stable for the past few months. After the price rise in the first quarter of 2021, the VeThor token has down trended, and ever since that, the price value of the VTHO has been in a sideways trend. With the market rank of 263 at the moment, does the VeThor network has the potential to create a huge return on investment for the speculators?

VeThor Token Overview

Cryptocurrency VeThor Token
Ticker Symbol VTHO
Price $0.002988
Price Change 24H +1.54%
Price Change 7D +0.01%
Market Cap $93,397,382
Circulating Supply 45,630,180,356 VTHO
Trading Volume $4,324,426
All Time High $0.04201
All Time Low $0.0001526
VeThor Token ROI -94.64%

Let’s find out as we learn more about the working of VeThor and what it offers to differentiate itself in the saturated market of cryptocurrencies.

The Overview of VeThor (VTHO)

The VeChain crypto is aimed to improve the performance of several processes. It powers the supply chain management process by ensuring that each stage of the supply chain is in sync with the quality parameters and compliance measures. Now, the VeChainThor public blockchain plays as a host to the VeChain ecosystem. The VeChain Explorer service contains a history of all crypto transactions that it had.

The VeChainThor is a blockchain made for enterprises that cater to changing needs. These are applications built on the VeChainThor blockchain, which businesses can use. Each and every business can build a decentralized application for themselves if they desire. VeChainThor blockchain aims to build a sustainable and scalable business-focused blockchain ecosystem. VeThor Token VTHO is one of the two tokens employed by the VeChainThor public blockchain.

The two token system makes the network faster and more efficient when compared with other blockchain networks. The VET token is the primary means for transferring value on the blockchain network. The VTHO, which is the native token of the VeThor Blockchain, enables users to diversify their involvement and separate the market speculation activities from the cost of using the VeChainThor Blockchain.

One thing to be noted here is that the VeThor token is not related to the market value of the VeChain token but grows and moves as a separate entity that allows execution of operations on the network instead of having a specific role to play in the VeChain Thor ecosystem.

On a different note, the authority nodes that validate transactions on the network are determined by ownership of VET, while the VeChain Foundation is in charge of selecting these nodes. The VET tokens are used for creating VTHO, where the latter represents the cost of using VeChainThor, and the VET is subjected to market risks. This is why the VTHO is not exposed to the risks. The relationship between the VET and VTHO is dependent, so there would be no method where VET is paid without VTHO and vice versa.

The number of VTHO a user gets is directly proportional to the number of VET tokens one has. With a new block generated on a network, a specified number of VTHO tokens is generated per single VET held by the user. At the moment, a new block is created on the blockchain every 8 seconds. This number is likely to increase in the future as the coin gains more popularity and becomes normal to be applied in the enterprise sectors.