VTHO VeThor

Transaction Fuel

VeThor is used as "gas" to power transactions and smart contract executions on the VeChainThor blockchain. Every action on the network requires a small amount of VeThor to process.

Dual-Token System

VeThor works alongside VET (VeChain Token) in a unique two-token model. While VET represents value and stake in the ecosystem, VeThor covers the costs of using the blockchain.

Supply Chain Management

The VeChainThor platform, powered by VeThor, enables transparent tracking and verification of products throughout supply chains. This helps combat counterfeiting and improves logistics efficiency.

Internet of Things (IoT) Integration

VeThor facilitates the connection of IoT devices to the blockchain, allowing for secure data collection and sharing across industries like agriculture, automotive, and healthcare.

Sustainability Initiatives

The token supports various environmental and sustainability projects by enabling transparent carbon footprint tracking and emissions monitoring on the blockchain.

Decentralized Applications (dApps)

Developers can build and deploy dApps on the VeChainThor platform using VeThor to cover computational costs, enabling a wide range of blockchain-based services and solutions.

Advantages of VeThor

VeThor offers several benefits:

• It powers transactions on the VeChainThor blockchain, making operations more efficient and faster
• The dual-token system with VET helps keep transaction costs stable
• It uses the VIP-180 token standard, which allows for safe use on other chains
• Designed to support enterprise-level blockchain applications and smart contracts

Disadvantages of VeThor

Some potential drawbacks include:

• The platform is semi-centralized, with key decisions made by a central committee
• It needs wider adoption to increase in value and utility
• As a utility token, its price is tied to usage of the VeChainThor network rather than speculation

Use Cases

VeThor enables:

• Powering smart contracts and decentralized applications on VeChainThor
• Paying for transaction fees on the network
• Supporting supply chain management and logistics tracking for businesses
• Facilitating Internet of Things (IoT) device integration on the blockchain

Availability

Users can obtain VeThor by:

• Holding VET tokens, which generate VTHO automatically
• Purchasing it on cryptocurrency exchanges
• Participating in the VeChainThor ecosystem

Founders

VeThor was founded in 2015 by Sunny Lu, who serves as the CEO of the VeChain Foundation. Before starting VeThor, Lu worked as the CTO of Louis Vuitton China. The project began as part of Bitse, a Chinese blockchain company, but became its own entity in 2016 under Lu's leadership.

Team Members

The VeThor team includes a diverse group of professionals:

• A steering committee with members from various backgrounds
• An advisory board featuring experts like Jim Breyer, Cy Cheung, and James Gong

Project Evolution

VeThor went through some key changes:

• Initially operated on the Ethereum blockchain
• In 2018, moved to its own VeChainThor blockchain
• Rebranded and became a dual-token system, introducing the VeThor Token (VTHO)

Global Presence

While headquartered in Shanghai, VeThor has expanded internationally with offices in:

• Singapore
• Japan
• United States
• France
• Italy
• Luxembourg

This global reach helps VeThor connect with partners and users worldwide.

Key Investors

VeThor has attracted interest from various investors in the cryptocurrency space. Some notable backers include:

• Venture capital firms specializing in blockchain technology
• Cryptocurrency exchanges that have listed VTHO for trading
• Enterprise partners utilizing the VeChain ecosystem
• Individual crypto investors and traders

Investment Rounds

VeThor's funding has come through multiple channels:

• Initial coin offering (ICO) for the VeChain ecosystem
• Private investment rounds for VeChain Foundation
• Ongoing market purchases of VTHO tokens

Strategic Partnerships

VeThor has secured partnerships that indirectly support its growth:

• Collaborations with major companies like BMW and Renault
• Integration with supply chain management systems
• Adoption by logistics and tracking platforms

Community Support

A significant portion of VeThor's backing comes from:

• VeChain token (VET) holders who generate VTHO
• Developers building applications on the VeChainThor blockchain
• Crypto enthusiasts participating in the VeChain ecosystem