VeChain the platform itself utilizes two distinct tokens: VeChain Thor, which transfers value across the network, and VeChain Thor Energy (VTHO) that acts as gas for transaction fees, similar to NEO’s Gas token, or Etheruem’s gas.
This particular altcoin is promising due to the potential void it fills and how wide spreading of industries it potentially covers. For example, the luxury goods market is worth billions, but counterfeit products eat into profit margins. VeChain could prove authenticity and trace the product’s origin through its delivery to a consumer’s door and add potential value to the product by including temperature controls, recorded on the blockchain, of which is transparent and can't be edited/changed.
This particular altcoin is promising due to the potential void it fills and how wide spreading of industries it potentially covers. For example, the luxury goods market is worth billions, but counterfeit products eat into profit margins. VeChain could prove authenticity and trace the product’s origin through its delivery to a consumer’s door and add potential value to the product by including temperature controls, recorded on the blockchain, of which is transparent and can't be edited/changed.
