VTHO
No. 224Price
Markets
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1. Project introduction
The VeChainThor is a public blockchain that is designed for mass adoption of blockchain technology by enterprise users of all sizes. VeChainThor is intended to serve as a foundation for a sustainable and scalable enterprise blockchain ecosystem, supported in part by our novel governance and economic models and unique protocol enhancements.
The VeChainThor Blockchain expands upon some of the essential building blocks of Ethereum (e.g., the account model, the EVM, the modified Patricia tree, and the RLP encoding method) and provides innovative technical solutions that are powered by our novel governance and economic models, which, we believe, will push forward broader blockchain adoption and the creation of new business ecosystems with more efficiency and trust. VeChainThor is packed with technical features that are tailormade for the actual needs of enterprises, individuals, and developers.
The unique two token system (VET+VTHO) significantly helps separate the cost of using blockchain from market speculation. Due to the correlation with the blockchain resource utilization, the cost is more predictable with the monitoring of the VTHO supply and demand. In addition, Foundation's governance mechanism further stabilizes the cost.
2. Team introduction
Co-founder & CEO: Sunny Lu
3. Distribution
Total supply: 86,712,634,466
VTHO represents the underlying cost of using VeChainThor and will be consumed (or, in other words, destroyed) after on-chain operations are performed. It is generated from VET in each block over time in a linear manner. (0.00000005VTHO is generated per VET per block). 70% of the transaction fee paid in VTHO in each block is burned and the remaining 30% is rewarded to the Authority Masternode which produces the block.
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