What is VeThor Token?
VeThor Token (VET) is the fuel for the VeChain Thor blockchain. For all actions that take place on the VeChain Thor blockchain, transaction costs are due which must be paid in VeThor Token. This may include the execution of payment transactions or the sending of data. This VeThor Token is for the benefit of the owners of VeChain Thor. Vechain Thor uses a Proof of Stake where the owners of VeChain Thor jointly maintain the network and in return they receive the income that is generated by charging transaction costs.