VeThor Token (VTHO): D-Score 34/100 — Centralized Leaning BlockIndex D-Score: 34/100 (Centralized Leaning). VeThor Token (VTHO) is a Layer 2 cryptocurrency using N/A consensus. VeThor Token (VTHO): Native gas token for VeChainThor providing predictable enterprise transaction costs with dynamic issuance. Source: https://blockindex.ai/coin/vtho · Data by BlockIndex.AI · Updated 2026-06-19 D-Score breakdown (0-100, higher means more decentralized) Component: Score: Overall D-Score: 34: Node distribution: 0: Initial distribution: 0: Governance: 16: Age and history: 13: Autonomy: 5: Key facts - Layer: Layer 2 - Consensus: N/A (N/A) - Launch: Other (2018) - Founder: Sunny Lu - VC funded: No - Max supply: N/A - Circulating: 100,857,049,799 Market data (as of 2026-06-19) - Price: $0 - Market cap: $39.04M - 24h volume: $1.62M - 24h change: -3.07% · 7d change: -1.59% About VeThor Token (VTHO) is the native gas token that powers the VeChainThor public blockchain’s dual-token economic model, in which VET functions as the value and staking asset while VTHO is consumed to pay for transaction execution and smart contract computation. This architectural separation is designed to offer enterprises predictable transaction costs decoupled from VET’s market price movements, making VeChainThor attractive for supply-chain and business-grade applications where cost stability and deterministic operation are important. VTHO is minted and burned according to protocol rules: holding or staking VET generates VTHO, and transaction activity consumes (burns) VTHO, producing a dynamic supply governed by usage and staking behavior rather than a fixed cap. Technically, VTHO is defined under the VIP-180 token standard on VeChainThor and is tightly integrated into the platform’s tooling, explorers and wallets (for example, the VeChain explorer and the VeWorld wallet ecosystem). VeChainThor itself has evolved over time (notably through the 2025 Hayabusa initiative described in the source material), with changes to its consensus and issuance models oriented toward improved decentralization and an evolved staking/validator structure (transitioning toward DPoS-like mechanisms as described in the Hayabusa materials). This upgrade family also introduced a dynamic VTHO issuance model tying annual issuance to the amount of VET staked, with published ranges (roughly 3.86B to 19B annual VTHO in low-to-high stake scenarios) that materially affect inflation and burn dynamics. VeChain’s developer documentation, VIP proposal process and SDKs support this evolution and allow application teams to integrate predictable gas economics into their solutions. VTHO’s primary use case is operational: it is the medium used to pay transaction fees and run smart-contract computation on VeChainThor. This makes the token a utility instrument rather than a pure store-of-value; its supply and demand dynamics are driven by on-chain activity, enterprise adoption, and staking behavior in the VET-VTHO model. Market infrastructure supports liquidity for VTHO on major centralized exchanges and price/marketcap tracking on leading aggregators. The project has seen tangible market events in 2025 — including multiple exchange listings and ecosystem partnerships — which have produced short-term price movements and increased accessibility for traders and custodians. On-chain metrics in the provided files show a large and active node network and an extensive block history, demonstrating an operational mainnet environment used by applications and trackers. Tokenomics for VTHO differ from fixed-supply token models. There is no single max supply documented in the provided materials; instead, supply is emergent from the VET-holding/staking model and subject to burn rates that occur when transactions are executed. Circulating and total supply snapshots in the source material report approximately 97.09 billion VTHO in circulation at the time of the extracts. The Hayabusa-driven dynamic issuance model and burn mechanics are the primary levers that shape medium- and long-term inflation, and governance proposals (VIPs) and the VeChain Foundation’s role guide protocol adjustments. Governance in the provided materials appears hybrid: on-chain mechanisms (validator/staking behavior and VIP proposals) operate alongside foundation stewardship, rather than a pure DAO-controlled model. Development activity, ecosystem tooling, and listings indicate ongoing momentum for VTHO as the operational token of VeChainThor. The documentation and VIP process provide a defined route for protocol evolution, while exchanges, wallets and explorers support broad accessibility. The project’s regulatory and institutional posture is evolving, with references in the extracted materials to European regulatory alignment efforts for VeChain ecosystem tokens; these could influence adoption among enterprise and institutional users. Missing items in the supplied files include an exact mainnet genesis date, a formal premine/PIP percentage (VTHO is generated rather than traditionally pre-issued), and a canonical GitHub URL/license statement; these gaps were noted in the source extract and require either confirmation from authoritative repos/docs or live web validation to fill precisely. Links - Website: https://www.vechain.org/ - Whitepaper: N/A - GitHub: N/A --- About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore