{
  "name": "VeThor",
  "symbol": "VTHO",
  "slug": "vtho",
  "description": "VeChain is also a dual token system consisting of VeChain Token (VET) and VeThor Token (THOR). In practice, network users are rewarded with the latter when they hold the former, which is also the case with NEO & GAS.\n\nThe VeChain Token can be used to deploy applications on the network where as VeThor can be used to pay for applications and other transactions over the network. In practice, 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. Latest snapshot shows market cap near $65,305,892, 24h volume around $67,937,096, 24h change up 36.78%. Current market coverage for this page is being assembled from 2 public market feeds.\n\nPublic metadata currently describes VeThor as a token with Proof of Authority consensus and centralized structure. Contract references point to Vechain as the primary asset platform. Available contract and metadata references point back to the Vechain network. Common classification tags include Layer 1 (L1), VeChain Ecosystem, and Proof Of Authority. DexBrief also surfaced a whitepaper or docs reference and open-source code links to support deeper diligence.",
  "description_source": "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\u2019s \u201cgrand aspirations to make financial services sector one of the main focuses on our development plan\u201d. 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 n",
  "image": "https://coin-images.coingecko.com/coins/images/5230/large/VTHO_Circle_Crop__Reference_.png?1751980206",
  "header_image": "",
  "homepage": "https://www.vechain.org/",
  "twitter": "vechainofficial",
  "reddit_url": "https://www.reddit.com/r/Vechain/",
  "coingecko_id": "vethor-token",
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  "coingecko_url": "https://www.coingecko.com/en/coins/vethor-token",
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  "ath_date": "2018-08-29T02:40:46.956Z",
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  "atl_date": "2020-03-16T10:14:24.544Z",
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  "market_cap_rank": 397,
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