Unraveling VeThor Token (VTHO)
VeThor Token stands as one of the two integral tokens powering the VeChainThor public blockchain. While VeChain made its initial debut in 2015, a significant rebranding initiative took place in 2018. While VeChain Token (VET) serves as the platform's native token, VeThor Token (VTHO) assumes a pivotal role in driving the blockchain's overarching functionality.
The Essence of VeThor Token
Functioning under the VIP-180 Standard, VeThor Token embodies the cost associated with utilizing the VeChainThor blockchain. At its core, it serves to streamline processes and transactions on the blockchain, essentially representing the smart contract layer of the network.
Shedding Light on the Visionaries Behind VeThor Token
Spearheading VeChain is Sunny Lu, the esteemed founder and CEO. Sunny Lu's professional journey encompasses significant milestones. In 2009, he assumed the role of IT Manager at Bacardi China, subsequently transitioning to the fashion realm as the Chief Technical Officer for Louis Vuitton China a year later. By 2014, he pivoted back to the IT sector within the same company, ascending to the position of Chief Information Officer (CIO) of the Chinese division.
The seeds of VeChain were sown in 2015 when Sunny Lu laid the foundation for the company. Initially operating as a subsidiary under Bitse, a prominent player in China's blockchain industry, VeChain eventually emerged as an independent enterprise following Sunny Lu's departure from Bitse. The pivotal rebranding endeavor in 2018 marked the inception of the VeChainThor blockchain and the VeThor token, solidifying VeChain's foothold in the blockchain ecosystem.
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