VTHO Price Today: Among many cryptocurrencies, VeThor Token which is generally referred as VTHO has been hiked by more than 25% in past 24 hours. The company has announced that the Government of Inner Mongolia, China has chosen VeChainThor to power a massive, full traceability platform. This milestone, Government-led project is a massive step forward for VeChain and the mass adoption of #blockchain.
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 price of the coin VeThor Token (VTHO) is $0.00796594 at the time of writing this article. The market cap of VTHO is $348,346,379. The coin in trading volume is $74,421,399. This coin has reached its maximum value of $0.04671227 during 2018. Following VeThor Token (VTHO) coin news, it has reached more traders and the price suddenly hiked up by 25%.
Where to Buy VeThor Token (VTHO) Crypto?
VeThor Token (VTHO) can be bought and sold on various exchange sites such as Crypto.com Echange, Binance, Bitvavo, Nominex, Gate.io, BigONE, Hotbit, Gate.io, CoinEx for the exchange of USDT, EUR, VET, BTC, and so on. In the coin market cap, the coin VTHO is ranked at 228th position.
About VeThor Token (VTHO) Coin
VeThor Token price today is $0.00704764 with a 24-hour trading volume of $74,339,983. VTHO price is up 25.1% in the last 24 hours. It has a circulating supply of 44 Billion VTHO coins and a total supply of ∞. If you are looking to buy or sell VeThor Token, Binance is currently the most active exchange.
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.