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$VTHO went live on June 30th 2018, as part of a two-token model. It is used to pay for transactions, smart contract executions, and other kinds of activities on the VeChainThor blockchain.
VeChain launched in 2015 to solve business problems with blockchain, initially focusing on counterfeit goods, product authentication and solving provenance gaps in supply chains. Walmart China, BMW, and PwC were among the first notable client to pioneer the technology. VeChain would later launch ‘VeBetter’, a rewards-powered sustainability app ecosystem focused on the B2C market.
The VeChainThor blockchain underwent two major upgrades in 2025: Galactica introduced an EIP-1559 style gas fee market with 100% base fee burns, while Hayabusa completed the transition to Delegated Proof of Stake (DPoS) consensus delivering increased protocol staking rewards & upgraded tokenomics.
$VTHO was launched on June 30, 2018.
$VTHO is the gas token that powers every transaction on VeChainThor. It exists as a separate asset from VET by design, shielding usage costs from market volatility, a structural advantage for enterprises and builders who need predictable fees at scale. Every smart contract call, token transfer, or sustainability proof recorded by VeBetter consumes VTHO to execute.
VTHO is generated as a function of total VET staked across VeChain on the StarGate platform, reaching 10 billion VET delegated across the validator network just three months after launch. The December 2025 Hayabusa upgrade replaced passive VTHO generation with a staking-based issuance model, tying new supply directly to active network participation and roughly halving the rate of new VTHO entering circulation.
On the burn side, a July 2025 protocol upgrade introduced a dynamic gas fee market modelled on Ethereum's EIP-1559. 100% of base fees are permanently burned, removing VTHO from supply with every on-chain action. Validators receive priority tips as an incentive for transaction inclusion. Together, reduced issuance and active burns create sustained deflationary pressure on VTHO supply as network activity grows.
