What are the different types of tokens available on the VeChain platform?
The VeChain platform has two different types of tokens available: VET and VTHO.
VET (VeChain Token) is the main token of the VeChain platform. It is used to pay for goods and services on the platform, as well as to reward participants for their contributions to the network. VET can also be used to purchase other tokens on the VeChainThor blockchain.
VTHO (VeThor Token) is a utility token that is used to pay for transactions on the VeChainThor blockchain. It is generated from holding VET in a wallet, and it can be used to pay for transactions such as smart contract execution, data storage, and other services provided by the VeChainThor blockchain. The amount of VTHO generated depends on how much VET is held in a wallet.
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