Cryptocurrency Q&A
What are the coins on VeChain?
What are the coins on VeChain?
Ilaria
Sun Oct 27 2024
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5
answers
1283
I'm interested in understanding the coins associated with the VeChain platform. I want to know what coins are available or utilized within the VeChain ecosystem.
5 answers
RobertJohnson
Tue Oct 29 2024
The platform employs two tokens for managing and generating value. These tokens are VET and VTHO, which operate within the VeChainThor public blockchain.
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Carlo
Mon Oct 28 2024
VET serves dual purposes on the platform. Firstly, it generates VTHO, which is crucial for transaction fees. Secondly, VET functions as a store of value and a medium for value transfer.
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Silvia
Mon Oct 28 2024
VTHO plays a vital role in the platform's ecosystem. It is primarily used to cover GAS costs, which are incurred during data writing processes.
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Tommaso
Mon Oct 28 2024
By separating the functions of VET and VTHO, the platform ensures that users do not need to expend VET directly for transaction fees. Instead, VTHO acts as the intermediary for these costs.
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RiderWhisper
Mon Oct 28 2024
BTCC is a prominent cryptocurrency exchange that offers a range of services. Among these are spot trading, futures trading, and wallet services. These services cater to the diverse needs of cryptocurrency users.
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