What is the distribution process of VTHO in the cryptocurrency market?

3 answers

• kutaevAug 21, 2021 · 4 years ago
  VTHO, also known as VeThor Token, is the native currency of the VeChainThor blockchain. The distribution process of VTHO involves several factors. Firstly, VTHO is generated through a process called VeChainThor Energy (VET) mining. VET holders can generate VTHO by holding VET in their wallets. The amount of VTHO generated is determined by the amount of VET held and the duration of holding. Additionally, VTHO can also be obtained through transactions on the VeChainThor blockchain. When users perform transactions, a small amount of VTHO is consumed as a transaction fee. This fee is then distributed to VTHO holders based on their VET holdings. Therefore, the more VET you hold, the more VTHO you can generate and receive as transaction fees. It's important to note that the distribution of VTHO is influenced by market demand and supply dynamics, as well as the overall activity on the VeChainThor blockchain.
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• Jay JennerJun 21, 2022 · 3 years ago
  The distribution process of VTHO in the cryptocurrency market is quite interesting. It is generated through a process called VET mining, where VET holders can generate VTHO by holding VET in their wallets. The amount of VTHO generated depends on the amount of VET held and the duration of holding. This incentivizes VET holders to keep their tokens and contribute to the security and stability of the VeChainThor blockchain. Additionally, VTHO can also be obtained through transactions on the VeChainThor blockchain. When users perform transactions, a small amount of VTHO is consumed as a transaction fee. This fee is then distributed to VTHO holders based on their VET holdings. So, the more VET you hold, the more VTHO you can generate and receive as transaction fees. It's a clever way to incentivize participation and ensure the smooth operation of the VeChainThor ecosystem.
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• hemanth kothaOct 06, 2024 · a year ago
  The distribution process of VTHO in the cryptocurrency market is quite fascinating. VTHO is generated through a process called VET mining, where VET holders can generate VTHO by holding VET in their wallets. The amount of VTHO generated is proportional to the amount of VET held and the duration of holding. This creates an incentive for VET holders to keep their tokens and contribute to the VeChainThor ecosystem. Additionally, VTHO can also be obtained through transactions on the VeChainThor blockchain. When users perform transactions, a small amount of VTHO is consumed as a transaction fee. This fee is then distributed to VTHO holders based on their VET holdings. Therefore, the more VET you hold, the more VTHO you can generate and receive as transaction fees. It's a clever mechanism that ensures the circulation and value of VTHO within the cryptocurrency market.
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