Where do I see the VTHO in my Exodus wallet? Currently each VET will create 0.00000005 VTHO with every new block.īlocks get mined every 10 seconds but sometimes can vary with network conditions, this will affect VTHO received over time. VTHO is automatically calculated and sent to VET holders, who can claim them at their address from directly within Exodus wallet.
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To find out more about what Annual Percentage Yield (APY) is and how to view the current APY for VET and VTHO, please check out this article: What is APY. The VTHO tokens can be transferred and traded to allow users to acquire extra VTHO for performing a larger scale of operations such as running an application hosted on the VeChainThor Blockchain.
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In other words, whoever holds VET will be given VTHO for free and be able to use VeChain for free as long as the operations performed consume less than the VTHO generated. VTHO is generated automatically via holding VET tokens.
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VeChainThor (VET) holders can generate VTHO which is similar to GAS for NEO, in that it allows transactions to happen on the VeChainThor blockchain. If this happens, you will need to obtain some VTHO and send it to your Exodus wallet directly. You will notice that the VTHO that you generate can sometimes be an insufficient amount to send a transaction.
![vethor token price prediction vethor token price prediction](https://pbs.twimg.com/media/Ey6-ck9WEAYe6Eu.jpg)
Just by holding VET you will start to generate VTHO automatically. To send VET you will need enough VTHO in your Exodus wallet to cover the network fee. On the other hand, VTHO represents the underlying cost of using VeChain and will be consumed (or, in other words, destroyed) after certain blockchain operations are performed. The function of VET is to serve as value-transfer medium, or in other words, smart money, to enable rapid value circulation within the ecosystem based on VeChain. In our model, we design a twin-token system to facilitate activities at both levels, namely, VET and VTHO. The lower level concerns Blockchain-level operations such as transferring tokens and executing smart contracts while at the higher level, VeChain holds applications that conduct complex business and financial activities. VeChain's vision is to be a trust-free and distributed business ecosystem that will enable transparent information flow, efficient collaboration, and high-speed value transfers.Īlso known as smart money, the programmable VeChain Token (VET) acts as a carrier of value for efficient and high-speed value transfers to be carried out between different business activities on the platform. VeChain Thor Blockchain is the blockchain platform that supports blockchain-based business applications.
![vethor token price prediction vethor token price prediction](https://i.pinimg.com/originals/10/e6/52/10e652a12536ca34dfe9eba014c46fa9.png)
How do I claim and send the VTHO in my Exodus wallet?.Will Exodus wallets receive airdrops of VET tokens?.Where do I see the VTHO in my Exodus wallet?.