VeThor (VTHO): how it works, supply and reviews
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Key facts
- Ticker
- VTHO
- Official site
- vechain.org
- Source code
- github.com/vechain/thor
Data: CoinGecko (trading activity) and CoinPaprika (links), 2026-10-27. Only projects that still trade with meaningful volume are listed.
What is VeThor
VeThor (VTHO) is the gas token of the VeChainThor blockchain, used to pay for transactions and smart contract execution. VeChain uses a dual-token model: VET carries value and is staked, while VTHO, generated by staked VET, pays network costs.
Network and consensus
| Parameter | Details |
|---|---|
| Type | Gas token (VIP-180, ERC-20 compatible) on the VeChainThor layer-1 blockchain |
| Consensus | Delegated proof of stake with 101 validators since the Hayabusa hard fork (2 December 2025); previously proof of authority |
| Launched | VeChainThor genesis block in June 2018 |
| Block time | 10 seconds |
| Smart contracts | Yes; VeChainThor builds on Ethereum's building blocks |
Supply and issuance
| Parameter | Details |
|---|---|
| Maximum supply | None; VTHO has no fixed maximum supply |
| Issuance | New VTHO each block, as a function of total VET staked (1200 × 64 × √staked VET per year); before Hayabusa, by holding VET |
| Fee burn | Since the Galactica hard fork the base fee is burned and the priority fee goes to the block's validator |
| Staking rewards | Generated VTHO goes to validators and delegators who stake VET |
What VTHO is used for
- Pays fees for transfers and smart contract execution on VeChainThor.
- Rewards validators and delegators for producing blocks and securing the network.
- Separates the cost of using the network from the market value of VET, aiming at predictable transaction costs.
Who develops and governs VeThor
- Foundation
- VeChain Foundation; under proof of authority its steering committee authorised the block producers
- Validators
- 101 validators produce blocks; anyone can stake VET through StarGate and delegate to a validator
- Validator stake
- Running a validator requires staking 25 million VET
- Governance
- VET holders can take part in network governance decisions
History
| Date | Event |
|---|---|
| June 2018 | The VeChainThor genesis block is mined and the network goes live. |
| 17 February 2025 | VIP-251 proposes an EIP-1559-style fee model that burns the base fee and pays a priority fee to validators. |
| July 2025 | StarGate, the NFT-based VET staking platform, launches in a bootstrapping phase. |
| 2 December 2025 | The Hayabusa hard fork moves VeChainThor to delegated proof of stake and ties VTHO generation to staked VET. |
Security and audits
- The base fee adjusts automatically with network use and is burned, which discourages validators from manipulating it.
Official VTHO contracts
| Network | Contract address |
|---|---|
| VeChainThor | 0x0000000000000000000000000000456E65726779 |
VTHO is a built-in token of VeChainThor with a fixed system contract address.
Risks and caveats
- VTHO has no supply cap; new VTHO is created every block and only the base fee is burned.
- Only VET that is staked through validators or StarGate generates VTHO since the Hayabusa fork; plain holding no longer does.
- Becoming a validator requires 25 million VET, and the active set is limited to 101 validators.
Official links
- Website: vechain.org
- Docs: docs.vechain.org
- Source code: github.com/vechain/thor
- Block explorer: explore.vechain.org
- Staking (StarGate): docs.stargate.vechain.org
- Improvement proposals: github.com/vechain/VIPs
Questions and answers
What is VeThor (VTHO)?
VTHO is the gas token of the VeChainThor blockchain. It pays for transactions and smart contract execution, while VET is the network's value and staking token.
How is VTHO created?
Since the Hayabusa hard fork on 2 December 2025, new VTHO is generated every block as a function of the total VET staked, and goes to validators and delegators.
What is the maximum supply of VTHO?
There is none. VTHO supply grows through generation and shrinks as base fees are burned.
Who runs VeChainThor?
101 validators produce blocks under delegated proof of stake; the VeChain Foundation previously authorised the proof-of-authority block producers.
Sources
- CoinGecko — VeThor
- CoinPaprika — VeThor
- VeChain docs — VeThor (VTHO)
- VeChain docs — Dual-token economic model
- VeChain docs — VeChain (VET)
- VeChain docs — About the VeChain blockchain
- VeChain docs — Consensus deep dive
- VeChain StarGate docs
- VeChain VIPs — VIP-251 dynamic fee market
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