Today, Binance Futures announced the launch of a new futures contract for VeThor Token (VTHO), while the token shows significant growth in the market.
Binance Futures VTHO Listing Details
Today, January 22, Binance Futures will launch the VTHOUSDT perpetual contract with up to 75x leverage. Trading will commence at 09:30 (UTC).
VTHO Price Trajectory
At the time of writing, VTHO is up by over 300%, reaching a market cap of over $776 million. On January 21, VTHO’s price started a significant price surge following the Upbit listing announcement. The coin’s market cap surged from around $171 million, reaching a top above $855 million, then dropped to around $388 million, and started another surge to $796 million today.
What is VeThor Token (VTHO)?
VeThor Token is one of the two tokens used by the VeChainThor public blockchain. VeChain was launched in 2015 and underwent significant rebranding in 2018. The main token of the platform is VeChain (VET), and VTHO plays an important role in the overall functionality of the blockchain. VTHO is a VIP-180 Standard token representing the cost of using the VeChainThor blockchain. The bi-token design allows traders to participate in the project with both tokens, leading to diversified involvement. VTHO’s main purpose is to facilitate processes and transactions on the blockchain, representing the smart contract layer of the network.
The launch of VTHO futures by Binance Futures and the significant price surge may attract additional attention to the VeChainThor project and its technologies.
