VET

The function of VET (VeChain Token) is to serve as a value-transfer medium, or in other words, smart money, to enable rapid value circulation within the VeChain ecosystem.

VTHO

VTHO (VeThor Token) represents the underlying cost of using the VeChainThor Blockchain and will be consumed (or, in other words, burned) after certain blockchain operations are performed.

On, VeChain successfully launched its own Blockchain / Mainnet, called VeChainThor, after years of intensive planning & testing. Before this date, VeChain was functioning on the Ethereum Blockchain, based on ERC-20 tokens called. The launch of the VeChainThor Blockchain marked the independence of VeChain, and the transition from a single token economy (VEN) to a dual token economy (VET + VTHO). Accordingly, a token swap (VEN to VET) was operated, at aratio (). Check the above video for more details.When discussing with our partners, PwC, DNV GL and some other prominent entities, within the Apotheosis process, it was understood that the economic model was amongst the most pivotal portions of VeChainThor. This model will dictate the longevity, stability, and interest the project will garner. It is for these reasons the development took numerous phases of discussion, and hundreds of hours of testing, to make sure our model met the needs of our current and future stakeholders.It was a unanimous decision that aprovided the Foundation the flexibility to create both a store of value, to be used as smart payment currency, and the appropriate means of managing the costs of using the VeChainThor protocol. This dual-token model will prevent transaction fees (VTHO) from being directly exposed to the price volatility of VET.VTHO can be sold / transferred / used to pay for the execution of smart contracts on the VeChain Blockchain.The best places where you can buy VeChain tokens : Binance