Question 1

What is it?

Accepted Answer

**VeChainThor (VTHO) Token:**
VTHO, or VeChainThor Energy, is the native secondary token of the VeChain blockchain. While VeChain Token (VET) is the primary token used for value transfer, VTHO represents the underlying cost of using the VeChainThor blockchain and serves as the "gas" or energy used to power transactions and smart contract execution.

**VeChainThor Platform:**
The VeChainThor platform is a blockchain system tailored for enterprise use and supply chain management. By leveraging blockchain technology, VeChainThor aims to enhance supply chain processes, ensuring the authenticity, traceability, and quality of products. The platform incorporates features like multi-party payments and controllable transaction lifecycles to provide flexibility and efficiency for businesses.

Question 2

What is it used for?

Accepted Answer

VTHO is intrinsically generated by holding VeChain Tokens (VET) and is consumed as energy or "gas" for transactions and executing smart contracts on the VeChainThor blockchain. This dual-token system ensures that while VET can be staked and held for value, VTHO can be used for operational activities, helping to decouple the cost of usage from market speculation.

Question 3

Who created it?

Accepted Answer

VeChainThor (VTHO) is part of the VeChain platform, which was founded by Sunny Lu and Jay Zhang. Sunny Lu also serves as CEO of the company.