VeThor TokenVTHO to PKR

VeThor Token (VTHO) is the second token of the VeChainThor blockchain. This blockchain was launched specially for supply chain management and businesses. This token is an VIP-180 Standard token. Due to this reason, it also shows the cost of using the blockchain. The main focus of this token is to enable processes and transactions on the blockchain. This token even shows the smart contracts layer of the network. In this article we will discuss this token in detail. We will make you aware of its various technologies. We will also share its vivid features. Moreover , we will take you through its present standing and its future prospects. In short, we will cover every facet of this coin so that you can take an informed decision of whether it is a good idea to invest in this digital currency or not. 

What is VeThor Token (VTHO)?

In the year 2015 this token was launched by Sunny Lu. Initially this token was under Bitse blockchain company. However, in the year 2018 it got rebranding and was bought under the VeChainThor public blockchain. This blockchain has two tokens they are as under:

• The VeChain Token 

This is the first token which is also known as VET. It is the native token of the platform 

• VTHO 

The second token is VTHO. It is also known as Vethor. It can be earned by staking a VET token in the wallets. The main work of this token is to pay transaction fees, to run applications and to execute smart contracts. 

What Makes VeThor Token Unique?

This platform works on the bi-token design. This basically means that both its tokens, namely Vechain and Vethor, play a significant role in it. The VET token is the primary token of the network and VTHO is the main operating token. It is a VIP-180 Standard token. This token improves the transaction processing speeds and enables developers to combine their efforts.  

Technology Behind VeThor Token 

There are a bunch of robust technologies that act as a backbone of this digital currency. These technologies are as follows: 

• Proof-of-authority 

This token uses PoA Proof-of-authority consensus mechanism. This mechanism validates transactions and creates new blocks. This mechanism even provides efficiency and scalability. 

• Bi-token Design 

This network uses two tokens systems. That means out of the two tokens that it has one of the token acts as a native primary token of the network while the other one is used to pay transaction fees. This helps to increase the transaction processing speeds. 

• Smart Contracts 

This blockchain network supports smart contracts. In this way it enables developers to apply and utilize decentralized applications on the network. 

Features of VeThor Token 

This is the second token of the network. It works as a fuel to the network. Below mentioned are some of its distinct features that have helped it to carve a niche for itself in the cryptoworld. 

• Easy Token Generation 

This token can be generated very easily as a form of reward for staking the network's traditional token in wallets. This means that it is extremely fruitful to its users. They  can earn this token just by holdings the VET tokens in their wallets. 

• Fuels Transactions 

This token works as a fuel to perform transactions on the network's blockchain. Each and every action requires this token. 

• Scalability 

This network uses a proof-of-authority consensus mechanism. Not only that, it also has a robust bi-token design. These technologies help the network to provide Scalability. 

Where Can You Buy VeThor Token (VTHO)?

One can easily get this token as a form of reward for holding a VET token in wallets. Apart from that you can follow the guidelines mentioned below to get this digital coin: 

• Crypto Exchange Search

Look for a secured cryptocurrency exchange that supports this token. At present Binance, MXC.COM and Bitvavo are some of the reliable exchanges that support this token. 

• Account Creation

Create your account on the crypto exchange by finishing the mandatory verification process. 

• Fund Deposit 

Deposit funds into your account and place purchase orders for the required amount of coins. 

• Deposit Coins

After the purchase order gets confirmed your coins will get deposited into your account. 

Wallet Transfer 

Transfer the deposited coins into safe wallets for security purposes.

Future of VeThor Token (VTHO)

This token seems to be going well presently and is there to stay strong in the cryptoworld because of the following reasons: 

• Vivid Roadmaps 

It has a wide range of roadmap which includes enhanced scalability, widespread adoption which is sure to make it a hit in the future. 

• Acceptance in Various Use Cases 

The digital currency has developed its system in such a manner that different industries are willing to accept it. This improvement is sure to bear fruits and many use cases will include it. 

• Unique Features

As discussed above the digital currency has some distinct features which make its growth manifest many folds in the future. 

• Technological Expertise 

The cryptocurrency has a talented team of developers. They have made sure that it has a strong technological foundation. Moreover, they are working round the clock to make sure that the token does extremely well in the future.

• Distinct bi-token Design

 It has a bi-token design that enables this network to enable its users to enjoy the benefits of both the tokens. 

Challenges of VeThor Token (VTHO)

Every investment comes with its shares of risks and this is also true about this crypto currency. Let us look at them one by one: 

• Technological Advancements

The crypto world revolves around technology which becomes outdated very soon. Even after taking the necessary steps even a small technical change can completely overturn the fate of a digital currency. 

• Competition

The crypto currency has to lock horns not only with the new digital coins but also have to show their mettle against the crypto giants. 

• Volatility

There are a lot of fluctuations in prices which can be a major roadblock for users to trust in any digital coin. 

Conclusion 

This token can prove to be a good investment decision. Anyone who is looking forward to shell out money to put in this cryptocurrency should consider the risks and challenges that we have discussed above.