About VeThor

VeChain operates on a dual-token model comprising VeChain Token (VET) and VeThor Token (THOR). Users who hold VET are rewarded with THOR, which serves as a means for transaction fees and application payments within the VeChain ecosystem. This economic structure is designed to provide a more stable and predictable cost model for enterprises compared to traditional blockchain systems like Ethereum and Bitcoin, where increased usage can lead to higher transaction fees and operational costs. Recently, VeChain has expressed a commitment to enhancing its focus on the financial services sector, as outlined in their strategic development plan. They have formed partnerships with notable organizations, including a property mortgage loan provider and major automotive companies. Additionally, VeChain is transitioning from an ERC-20 token on the Ethereum blockchain to its own independent network, with plans for a token swap and the introduction of a mobile wallet and ledger integration to enhance user accessibility and functionality.