VeThor is the token that is used on the VeChainThor-platform. Although the VeChain token (VET) is the primary token used on the VeChain blockchain, the VeThor token is used as a utility token to cover the costs on the blockchain and perform transactions on the network.
MoreThe VeThor token plays an essential role on the VeChainThor blockchain. The VeThor token is a VIP-180 Standard token, representing the costs for using the VeChainThor blockchain. VeThor is developed to facilitate the processes and transactions on the blockchain, while also representing the smart contract layer on the network.
MoreDo you want to buy VeThor (VTHO)? You can easily buy VeThor at Coinmerce, where you can choose one of our many payment methods, like credit card or SEPA.
MoreWould you like to buy VeThor? You can buy VeThor using credit card or SEPA at Coinmerce. Once you are logged in, you will see ‘Coins’ in the top menu. When you click on this button, you come to the page with all crypto coins that Coinmerce offers. If you don't see VeThor, use the search function to search for VeThor and click on the name. You can indicate for how many euros you want to buy VeThor in the right window. Below is shown how much VeThor tokens you get for this. If you have entered the desired amount you can click on "Buy". You can also execute a "Stop limit order" at Coinmerce. Our system will automatically buy VeThor when the price of VeThor reaches your entered value. You can also execute a repeating order. Do you want to buy VeThor with another crypto currency? Then you go to the cryptocurrency you want to pay with and click on "Swap" in the right window to indicate that you want to receive VeThor.
VeChain was founded by Sunny Lu (CEO). He started as an IT manager at Bacardi China and then went in a completely different direction in his career, as chief technical officer for Louis Vuitton China. In 2014, he returned to the IT sector and became CIO within the same company. A year later, Sunny Lu founded VeChain, initially as a subsidiary of one of the larger companies within the Chinese blockchain industry: Bitse. After that, VeChain became its own company. In 2018, Lu started to rebrand VeChain, creating the VeChainThor blockchain and the VeThor token. The VeThor token is mainly generated as a reward for holders of the VET token. This enables you to fund transactions on the VeChain network.