The VeChainThor public blockchain uses two tokens: VeThor Token and VeChainThor Token. VeChain was first introduced in 2015, but it underwent a major redesign in 2018. While VeChain Token (VET) is the platform's native token, VeThor Token (VTHO) is critical to the blockchain's general operation.
The VeThor Token is a standard VIP-180 token that reflects the cost of utilizing the VeChainThor blockchain. Its main objective is to make procedures and transactions on the blockchain easier, and it effectively acts as the network's smart contract layer.
VeThor Token (VTHO) is unique due to the fact that it is a VIP-180 Standard token. While VeChain Token (VET) performs as the primary value-transfer token, VTHO is an inseparable part of the operation of VeChainThor. The bi-token design of the blockchain allows traders to participate with both tokens, thus diversifying their involvement with the project.
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