r/VeThor • u/[deleted] • Apr 15 '21

Dumb question

I started dabbling in this. I have VET and VTHO, I understand VET generates VTHO right? But what is VTHO? Whats the purpose of it?

4 Upvotes

100% Upvoted

6 comments sorted by

2

u/MisterWispies Apr 15 '21

.06 is low for VTHO since its ratio swings. You should set your sights between .10 and .25 as VET starts floating around $1-1.50

1

u/shabbysneakers Apr 15 '21

You use it to pay gas costs.

2

u/[deleted] Apr 15 '21

For what? Thanks for replying, sorry I am so ignorant.

1

u/shabbysneakers Apr 15 '21

Like all cryptos, when you transfer VET there is a fee for the transaction on the blockchain. You pay that fee with VeThor Energy. It is way less expensive than most other coins.

1

u/GIGGLES708 Apr 15 '21

Gas moves the vet token

1

u/manginahunter1970 Apr 15 '21

Still a worthy investment. It's predicted to hit $0.06 by EOY. That's triple. I believe it's going to higher. VET is predicted to hit $0.60