VeChain is also a dual token system consisting of VeChain Token (VET) and VeThor Token (THOR). Network users are rewarded with the latter when they hold the former, which is also the case with NEO & GAS. The VeChain Token can be used to deploy applications on the platform where as VeThor can be used to pay for applications and other transactions over the network. VeChain claims that this economic model is better suited for enterprises than the one in other blockchains, such as Ethereum and Bitcoin, where higher usage drives the cost of the utility token and subsequently the cost of deploying and operations in the protocol.
In an official blog post earlier this year, the foundation announced it’s “grand aspirations to make financial services sector one of the main focuses on our development plan”. They also announced their partnership with a property mortgage loan provider Fanghuwang.com, a subsidiary of Beijing Baisheng Technology Co., Ltd. They also reported partnerships with BMW, Groupe Renault, and DNV GL.
Until now, VeChain has existed in the form of an ERC-20 token on the Ethereum blockchain. In an announcement detailing the roadmap moving forward, the foundation stated that they would engage in negotiations with exchanges to perform the token swap to become an independent network. The roadmap also detailed plans to launch a mobile wallet and ledger integration.
Where is VeThor available for purchase?
You can exchange VTHO tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading VeThor is Binance, notably the VTHO/USDT pair, which saw a trading volume of $ 760,864 in the past day. Additionally, Upbit and Coinbase Exchange are popular alternatives for trading tokens.
What is the highest value VeThor (VTHO) has ever reached?
VeThor (VTHO) reached its peak price at 0.04671 $ on 29 August 2018, approximately 7 years ago ago. Presently, the current price is -95.94% lower than this all-time high.
What is the historical minimum price for VeThor (VTHO)?
The minimum price reached for VeThor (VTHO) was 0.0001523 $, documented on 16 March 2020, more than 5 years ago. In comparison, the current price is 1,143.44%, it above this historical low.
What is the fully diluted valuation of VeThor (VTHO)?
The fully diluted valuation (FDV) of VeThor (VTHO) stands at $ 186,52 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of VTHO tokens. The realization of this FDV might take several years depending on the emission schedule of VTHO tokens.