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What Is Venus Protocol and Its Token $XVS?


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Venus is an algorithmic money market and synthetic stablecoin protocol launched exclusively on Binance Smart Chain (BSC).

VAI & XVS Tokens

VAI tokens are synthetic BEP-20 token assets that are pegged to the value of one U.S. dollar (USD), whereas XVS tokens are also BEP-20-based, but are instead used for governance of the Venus protocol, and can be used to vote on adjustments — including adding new collateral types, changing parameters, and organizing product improvements.


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Venus Protocol, Liquidity, and Loans

Customers sourcing liquidity using the Venus Protocol do not have to pass a credit check and can quickly take out a loan by interacting with the Venus decentralized application (DApp). Since there are no centralized authorities in place, users are not restricted by their geographic region, credit score, or anything else, and can always source liquidity by posting sufficient collateral.

Venus Protocol History and Tokenomics

Venus was one of the first platforms to conduct a Launchpool on Binance, which allowed users to farm XVS by staking different assets, including Binance Coin (BNB), Binance USD (BUSD), and Swipe (SXP) tokens. A total of 20% of the total supply (6 million XVS) was allocated to the Binance Launchpool, and the token was listed shortly after on the Binance spot exchange platform.

Security and Compatibility

The Venus network is secured by the Binance Smart Chain, a blockchain that runs in parallel to the Binance Chain. BSC is compatible with the Ethereum Virtual Machine (EVM) and is capable of running even if the Binance Chain goes offline or encounters issues.

Team

The development of the Venus project is being undertaken by the Swipe project team. The main goal of Venus is to achieve decentralization through community governance. There are no pre-mines for the team, developers, or founders, giving XVS holders total control over the path the Venus Protocol takes.

Where to store Venus (XVS)

Option to keep your Venus tokens secure and offline can therefore include the leading hardware wallet provider Ledger.

Where to buy and sell Venus (XVS)

You can Buy & Sell Venus (XVS) by heading over to the Buy Coins page of our website. Venus (XVS) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying $XVS has never been easier, simply place your order and provide your wallet address. Once your payment arrives Venus (XVS) will be sent directly to your wallet.

Website: https://venus.io/
Block Explorer: https://bscscan.com/
Twitter: https://twitter.com/VenusProtocol
Medium: https://blog.venus.io/




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