Cryptocurrency Q&A Does vet generate VTHO?

Does vet generate VTHO?

DondaejiDelightful DondaejiDelightful Thu Aug 01 2024 | 5 answers 470
Excuse me, could you clarify if VET, the native token of VeChain's blockchain platform, indeed generates VTHO? I'm interested in understanding the mechanics behind this process, as I've heard that VTHO serves as the gas for transactions and smart contract executions on the VeChainThor blockchain. Could you elaborate on how VET holders can benefit from this generation of VTHO, and whether there's a specific rate or mechanism involved in this process? I'm eager to learn more about how VeChain's economic model works in this regard. Does vet generate VTHO?

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