VeChainThor (VTHO) is a token used on the VeChainThor blockchain to facilitate transactions and smart contract operations. It is generated by holding VeChain (VET) tokens and is required to pay for gas fees on the network. VTHO is burned at a rate of 70% for each transaction, with the remaining 30% awarded to Authority Masternode Operators. This token is essential for the functioning of the VeChainThor ecosystem, which focuses on supply chain management and enterprise-level applications.
VeChainThor (VTHO) is used to power transactions and smart contract execution on the VeChainThor blockchain. It is the energy token that represents the cost of carrying out transactions and smart contract operations on the network. VTHO is required for every transaction, including sending tokens and data to smart contracts, and is used to pay for the computation and storage needs of the network.
To store VeChainThor (VTHO) tokens, you can use the official VeChain mobile wallets, such as VeWorld, VeChainThor, or Sync2. These wallets are designed to be lightweight and secure, with features like 2-factor authentication and token swap functionality. They allow you to send and receive VTHO tokens, bind your X node, claim VTHO rewards, and observe addresses outside your wallet.
Alternatively, you can use a hardware wallet like Ledger Nano S or Ledger Nano X, which can be managed through Ledger Live. This provides an additional layer of security for storing your VTHO tokens. You can connect your Ledger hardware wallet to the VeWorld desktop wallet to manage your VTHO tokens securely.
To buy VeChainThor (VTHO) tokens, you can follow these steps:
Create an Account: Sign up for a cryptocurrency exchange that supports VTHO, such as Coinbase, Binance, Gate.io, or Crypto.com. Ensure you have a valid ID and proof of address ready for verification.
Add a Payment Method: Connect a payment method to your exchange account, such as a bank account, debit card, or wire transfer.
Select VTHO: Search for VeThor Token on the exchange and select it for purchase.
Enter the Amount: Input the amount you want to spend in your local currency, and the exchange will convert it to VTHO.
Finalize the Purchase: Review the details and confirm your purchase.
Alternatively, you can also use a crypto wallet to buy VTHO. Choose a reputable wallet that supports VTHO, download the app, create a wallet address, and purchase VTHO using a supported payment method.
For more detailed instructions and specific exchange requirements, refer to the guides on Coinbase, Securities.io, or KuCoin.