VTHO (VeThor Token) is one of the two tokens used within the VeChainThor ecosystem. It serves to pay transaction fees and smart contract operations while providing the potential for passive income.
Overview of VTHO
VTHO acts as the fuel for the VeChainThor blockchain. It is automatically generated by holding VET tokens and ensures low and predictable transaction costs for users and enterprises. This dual-token system allows VeChain to scale and maintain sustainable operations during high activity.
Ways to Profit from VTHO
There are several methods for VTHO holders to earn income:
* **Hold VET** generates VTHO, allowing for effortless earnings. * **Trade VTHO** on liquid exchanges like Binance and KuCoin to take advantage of price volatility. * **Use VTHO as collateral** for loans, allowing liquidity without selling your tokens.
VTHO Crypto Loans: How It Works?
Using VTHO for loans enables:
1. **Depositing** VTHO tokens on a lending platform. 2. **Getting evaluated** based on your collateral and the platform’s LTV ratio. 3. **Receiving stablecoins** (like USDT or USDC). 4. **Keeping your VTHO tokens** safe while avoiding market losses. 5. **Repaying the loan** to regain full access to your VTHO balance.
VTHO offers a unique opportunity for investors. Its function within the VeChain ecosystem and diverse ways to generate income continue to attract interest from cryptocurrency traders and users.
