VeThor (VTHO)
Unlock Schedule
VeThor (VTHO) Token Unlock & Vesting Schedule
The unlock chart above provides a clear visual overview of the VeThor (VTHO) token release schedule, showing when and how tokens enter circulation across investor, team, treasury, and community allocations. Understanding these tokenomics dynamics is critical for evaluating potential supply pressure, inflation impact, and market liquidity over time — key factors that can influence VTHO price performance.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
The dual‑token economic model
VeChain separates value (VET) from cost of use (VTHO). This design aims to keep the price of computation stable for businesses and builders, regardless of VET’s market movements. Historically, VTHO was generated automatically by holding VET, and it was consumed as gas when using the chain. This approach decoupled day‑to‑day operating costs from the speculative cycles of a main asset. (docs.vechain.org)
VTHO issuance and consumption: from the legacy model to Renaissance
Under the legacy rules (still reflected in developer docs), VET balances generated VTHO at a base rate of about 0.000432 VTHO per VET per day. When users spent VTHO for gas, a portion was burned and a portion was rewarded to the block producer, with VeChain documentation describing a 70% burn and 30% validator reward split. (docs.vechain.org)
With the Galactica upgrade in July 2025, the network adopted a dynamic fee market that burns 100% of the base fee, strengthening VTHO’s deflationary pressure as network usage grows. Tips (priority fees) are separate and go to block producers. This change modernized fee handling while keeping fees adjustable and predictable for enterprise planning. (vechainofficial.medium.com)
The next stage in the Renaissance roadmap, referred to publicly as “Hayabusa,” is designed to overhaul issuance so that new VTHO is distributed as staking rewards to active Validators and Delegators rather than passively accruing solely from holding VET. Foundation materials describe a supply curve tied to total VET staked, aiming to reduce inflation and reward active participation. Timing and parameters are subject to on‑chain governance, but the direction is clear: more rewards for securing the network, and stronger links between activity and VTHO distribution. (news.vechain.org)
What VTHO pays for
Every action on VeChainThor—transfers, contract calls, storing data—costs gas, paid in VTHO. Because the chain is EVM‑compatible, developers and businesses can budget gas much like on Ethereum, but with VeChain’s extras, such as multi‑clause transactions and fee delegation. The token’s role is strictly functional: it fuels computation and data operations on the network. (docs.vechain.org)
Assumptions
- VTHO supply is uncapped; only issuance mechanisms are modeled, not burns.
Official docs specify no max supply and describe dynamic supply via generation and consumption; this chart focuses on tokens entering circulation.
- Aggregate VTHO issuance under VET-based generation equals rate × total VET × time.
Every VET generates VTHO at the same fixed rate; with VET total supply fixed at 86,712,634,466, chainwide issuance is deterministic over time.
- Start time corrected to 2018-06-30 08:00:09 UTC for genesis block.
Official communications reported first block at 08:00:09; tokens for the first 8 hours were subtracted to avoid overcounting.
- End of modeled period set to 2025-12-31 pending Hayabusa mainnet rollout.
VeChain states Hayabusa (which changes VTHO issuance to staking-based) is due by end of Dec 2025; exact activation date/block to be confirmed. We cap the VET-based issuance period at 2025-12-31 for visualization.
- Fee splits and burns redistribute/spend existing VTHO and do not constitute new issuance.
Docs state 70% of fees burned and 30% paid to block producer (pre-Galactica); Galactica introduces dynamic fee market and 100% base fee burn, but neither mints new VTHO.
- 1. https://docs.vechain.org/developer-resources/built-in-contracts
- 2. https://docs.vechain.org/introduction-to-vechain/dual-token-economic-model/vethor-vtho
- 3. https://docs.vechain.org/introduction-to-vechain/dual-token-economic-model/vechain-vet
- 4. https://vechainofficial.medium.com/galactica-goes-live-on-mainnet-our-evolution-begins-1a9c3955c536
- 5. https://news.vechain.org/articles/vtho-the-lifeblood-of-transactions-supercharged
- 6. https://vechainofficial.medium.com/hayabusa-devnet-goes-live-test-vechains-upgraded-tokenomics-new-consensus-6b266775e3ae
- 7. https://cryptoslate.com/vechain-thor-mainnet-goes-live/