After pulling up 75% in three days, $VTHO, which dominates Binance’s gainer list, is actually a domestic currency? !

Sunny Lu is the former chief information officer of Louis Vuitton China who founded VeChain in 2015. VeChain is a Shanghai-based blockchain-as-a-service (BaaS) company BitSE. The original code of the VeChain token was VEX, which was later changed to VET in August 2018.

Vechain is a distributed business ecosystem utilizing blockchain technology. VeChain's public blockchain is called VeChainThor, and the Vechain chain aims to be an enterprise-level L1 public chain. There are also numerous business partners on the VeChainThor blockchain, employing a variety of solutions that already exist in the real world. Partners that already have VeChain solutions include PricewaterhouseCoopers (PwC), Walmart China, Renault, and Shanghai Waigaoqiao Imported Goods Direct Sales Center.

VeChain has two separate tokens: $VET and $VTHO

VET (VeChain Token) is used for financial transactions and market speculation on the VeChainThor blockchain.

VTHO (VeThor Token) is the token used for transactions on VeChainThor. It has a cool name called "Thor's Power". Earn VET tokens by depositing them into your VeChainThor wallet, accumulate VTHO every day, and spend them on the VeChainThor blockchain. vtho coins are mainly used to pay fees for transfer transactions and smart contract transactions on the VeChainThor blockchain. VTHO was listed on Coinbase in the early morning of September 14th, which may be the main reason for this rise.

VeThor's current market value is only US$70 million.