VeChain is a leading global enterprise level public blockchain platform.VeChain aims to connect blockchain technology to the real world by providing a comprehensive governance structure, a robust economic model as well as advanced IoT integration, and pioneers in real world applications.
VeThor Token (VTHO) is the utility token of the VeChainThor blockchain, a platform built for real-world business applications like supply chain tracking. In simple terms, VTHO is the 'fuel' that pays for transactions and smart contract operations on the network, while VET is the main value-transfer token. Holding VET automatically generates VTHO over time, which is how the system separates the cost of using the blockchain from the asset itself.
VTHO is the utility token used to pay transaction fees on the VeChainThor blockchain, while VET is the primary token that carries value and represents the network's ecosystem. The two-token design separates speculation from usage: businesses can predict their operating costs in VTHO without the price of VET directly affecting them. Holding VET passively generates VTHO, so users don't need to buy fuel separately.
VeChainThor uses a consensus mechanism called Proof of Authority (PoA), where a limited number of vetted and accountable validators approve transactions. This makes the network fast, energy-efficient, and well-suited for enterprise use, since validators are known entities rather than anonymous miners. The platform is designed around real-world applications such as product authentication, supply chain logistics, and IoT data tracking.
VTHO is generated continuously by holding VET — each VET produces a small amount of VTHO over time at a fixed rate. A portion of the VTHO spent on transaction fees is burned, which offsets new issuance and helps balance supply. The VeChain Foundation can also adjust parameters like the fee cost per transaction, giving the system flexibility to keep usage affordable.
VTHO can be stored in wallets that support the VeChainThor blockchain, including official options like VeWorld and popular multi-asset wallets. Its main use is paying for transactions, smart contracts, and decentralized applications on the network. Many holders simply accumulate VTHO generated by their VET and use it to cover activity costs, or trade it on exchanges where it's listed.