Venus is now listed on Cryptology!
Buy, sell and trade XVS
📈 Spot trading of XVS/USDT is live
What is Venus?
Everyone can earn, borrow and lend with Venus’ community driven finance.
As an algorithmic money market and synthetic stablecoin protocol launched exclusively on Binance Smart Chain (BSC), Venus is decentralized and provides world-class functionality for a number of crypto money markets.
The protocol delivers a user-friendly crypto asset lending and borrowing solution, making it easy to directly borrow against collateral at high speed while losing less to transaction fees.
In addition, Venus allows users to mint VAI stablecoins on-demand within seconds by posting at least 200% collateral to the Venus smart contract.
The XVS token
XVS tokens are BEP-20 and used for governance of the Venus protocol. They can also be used to vote on adjustments including adding new types of collateral, product improvements and altering parameters.
Venus has a maximum total supply of 30 million XVS tokens, and just over 4.2 million XVS tokens were in circulation as of November 2020.
XVS Tokenomics
Venus was fair launched with no pre-sale or private sale. In addition, there was no token allocation for the team.
1% of the total supply (300,000 XVS) is reserved for BSC ecosystem grants. And the remaining 23.7 million XVS tokens will be unlocked over a period of four years as and when they are mined by those utilizing the Venus protocol.
Reward distribution
- 35% of daily XVS rewards are distributed to borrowers
- 35% to suppliers
- and the remaining 30% to VAI stablecoin minters
XVS market stats:
- Current market cap: $169,344,071
- Circulating supply: 15,658,232 XVS
- Max supply: 30,000,000 XVS
- Twitter: 226,000 followers
Risk Warning
Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. Cryptology will make its best efforts to choose high-quality tokens, but will not be responsible for your investment losses. As a digital asset trading platform that respects the community, Cryptology adheres to the principle of truthful, transparent and fair trading, with no malicious intent. We are committed to providing users with a service that is safer, more efficient, and more reliable for the trading of digital assets.
Risk Disclosure Statement
Katya V.
Katya is one of Cryptology’s skilled content managers and a writer with a diverse background in content creation, editing, and digital marketing. With experience in several different industries, mostly blockchain and others like deep tech, they have refined their ability to craft compelling narratives and develop SEO strategies.