Where to Buy Venus (XVS) Coin

What is Venus (XVS) Coin

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

The protocol introduces a simple-to-use crypto asset lending and borrowing solution to the decentralized finance (DeFi) ecosystem, enabling users 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.

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.

The governance of the protocol is entirely controlled by XVS community members, since the Venus founders, team members and other advisors do have any XVS token allocations.

  • Venus is building a Decentralized Finance (DeFi) money market platform on Binance Smart Chain to enable digital asset lending and generation of synthetic stablecoins backed by a basket of various BEP-20 assets.
  • The project aims to support three core features:
    • Over-collateralized lending where users can borrow assets whose value is 75% or lower than that of the assets supplied.
    • Earn interest by supplying supported collateral assets to the protocol.
    • The ability to mint VAI, the protocol’s default synthetic stablecoin pegged to the value of 1 USD.
  • The XVS token is the native BEP-20 governance token of the platform and is primarily used for voting in governance decisions such as product improvements, integration of new collateral, changes in platform parameters, etc.
  • According to the initial platform setting, 79% of the total XVS token supply will be allocated for Ecosystem Mining and be distributed as follows:
    • 35% to the Lending Pool, or to users who receive interest by depositing assets for others to borrow.
    • 35% to the Borrowing Pool, or to users who borrow assets and pay interest to the platform.
    • 30% to the Stablecoin Pool, or to users who mint VAI on the platform.

How To Buy Venus (XVS) Coin

1.Step: Everyone who is planning to invest in or benefit from the advantages of cryptocurrencies wonders the answer to Where to buy Xvs coin question. First, you need an online wallet to buy cryptocurrencies. You need to sign up to Binance exchange from here, which is preferred globally to buy coins and you can buy coins with fiat currencies. You can quickly access many assets and trade types such as altcoins, future markets, and margin by creating a Binance account.

2.Step: Complete your registration by typing an email to the email section or typing your phone number on the section available on the mobile tab. Click/tap on the “Buy Crypto with Your Credit Card” option after the registration and verify your identity.

3.Step: Continue the process by typing the amount you would like to invest and your preferred cryptocurrency. Keep in mind that for security reasons, your credit card/debit cardholder information must match with the name available on your account. If you would like to buy cryptocurrencies with a wire transfer, you need to follow the Buy Crypto > Third-Party Payment options to pick your preferred fiat currency to buy cryptocurrencies.

4.Step: If the cryptocurrency you are planning to buy is not available on the list, buy USDT “You can always redeem 1 USDT Coin for US $1.00”. You can buy any coin you want with USDT by following Buy-Sell > Classic steps. We have provided the answer to How to buy Venus coin, now you can view the cryptocurrencies you bought by clicking on the wallet summary available on your Binance account. You can sell your assets when their value increases, or you can withdraw them to your bank account in desired fiat currency.

How Much is a Venus (XVS) Coin

Venus (XVS) coin prices are updated instantly in USD, Euro, Sterling currencies in the following table.

$ 4.33
venus
Venus (XVS)
1h1.24%
24h0.79%
USD
EUR
GBP

Venus (XVS) Coin Review

You can learn more about Venus (XVS) coin reviews and information on cryptocurrencies by visiting their official page available in the following.

Website
https://venus.io/
Whitepaper
https://venus.io/Whitepaper.pdf
Github
https://github.com/VenusProtocol/Venus-Protocol
Medium
https://medium.com/VenusProtocol
Documentation
https://docs.venus.io/
Telegram
https://t.me/VenusProtocol