Honestly am i the only one who haven’t heard of “dual-token system”? A friend told me about a token that just got listed on Binance and Bitget yesterday but what grabbed my attention was when he said it did almost 500% yesterday….i thought he was kidding. I immediately went over to twitter and i realized a lot of people were saying the same thing about it. I even had to check its official page to know the full details.
Apparently, VTHO which is the token in question was generated by holding VeChain Token (VET) which is the primary token of VeChainThor blockchain. From what i gathered VET token was listed back in 2020 and VTHO/VET make use of the dual token system because the former token was a result of the latter. Honestly, i was so confused when i saw “dual-token system”. Am i the one who doesn’t know about this system before ? I would like to know.
This is the first time I have heard that also, the dual token mechanism is somewhat strange although possible because if both tokens are utility-driven and the first field to meet some requirements and there is a need for an upgrade that demands a new token creation, merging the old and new tokens depends on compatibility and for sure I think both tokens match according to your statement.
And on the %500 price increase, is a very possible and normal occurrence in the token market many tokens also do that all the time so that is not a new feature for the market that can surprise me at all.
The Daul token mechanism could be the next big thing cause it could produce a lot of progress in the market and token performance if properly dealt with.
