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Exchange rate of STRP (STRP) to VeThor Token (VTHO)

1 STRP = 0.0000000000 VTHO


Quotation rate chart STRP (STRP):

VeThor Token (VTHO) is a cryptocurrency that is part of the VeChainThor blockchain ecosystem. VeChainThor is a blockchain platform designed for supply chain management and enterprise-level applications. VTHO plays a crucial role within this ecosystem as the token used to pay for transaction fees and smart contract execution.

VTHO is a utility token, which means its primary purpose is to facilitate transactions and interactions on the VeChainThor blockchain. It is not intended as a store of value or a speculative asset like some other cryptocurrencies.

Every transaction on the VeChainThor blockchain, including transferring VET (VeChain Token) and executing smart contracts, requires a certain amount of VTHO to be used as gas fees. These fees are designed to prevent spam transactions and ensure the efficient operation of the network.

VTHO is generated over time as a result of holding VET in a compatible wallet. This process is known as "minting." The amount of VTHO generated depends on factors such as the amount of VET held and the duration of the holding.

VTHO is also used to execute smart contracts on the VeChainThor blockchain. These smart contracts can facilitate various types of transactions and interactions, including those related to supply chain management, logistics, and authenticity verification.

VET is the native cryptocurrency of the VeChainThor blockchain. While VTHO is primarily used for transaction fees and smart contracts, VET has additional functions, such as participating in network governance and serving as a store of value.


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