4th Jem of Binance launchpool : Venus (XVS) A Money Market and Stablecoin DeFi Platform. For BNB, BUSD, And SXP Holders

By Dipendra | DIPENDRA | 28 Sep 2020


HELLO GUYS:-D

NOWDAYS FARMING/HARVESTING DEFI TOKEN IS A NEW TREND AND WORLD'S LEADING EXCHANGE GIVING CHANCE TO EARN TOKEN BY JUST HOLDING YOUR MONEY ON THEIRS EXCHANGES.

BINANCE WORLD'S TOP MOST EXCHANGE DOING BEST IN THIS MARKET TO GIVING SOME GEMS FREELY JUST HOLDING YOUR MONEY IN YOUR WALLET ON THEIR EXCHANGE

BINANCE ANNOUNCED 4TH TOKEN IN BINANCE LAUNCHPOOL AND YOU CAN GRAB YOUR PORTION JUST HOLDING/STAKING BNB, BUSD, AND SXP TOKEN ON LAUNCHPOOL

BINANCE LAUNCHPOOL ALREADY SHOWERING THREE JEMS TO BNB, BUSD, AND OTHER REQUIRED TOKEN/COIN HOLDERS/STAKERS

4th project is VENUS (XVS) :->

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Venus building a 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. 

A Money Market and Stablecoin DeFi Platform on Binance Smart Chain.

 

Venus aims to support three core feature

 

✓Over-collateralized       lending ->

users can borrow assets whose value is 75% or lower than that of the assets supplied

✓Interest Earning

Earn interest by supplying supported collateral assets to the protocol.

✓Minting Stablecoin

The ability to mint VAI, (synthetic stablecoin ) Venus defi protocol's stablecoin value of 1 USD.

Venus Token details ->

Venus token is a BEP-20 token on binance smart chain, which is initially work as governance token for Venus defi protocol

Token supply details->

✓Lending pools ;-

 35% to the Lending Pool,     users who receive interest in XVS   by depositing assets for others to   borrow.

✓Borrowing pool

 35% to the Borrowing Pool,   users who will borrow assets on   platform and pay interest to the   platform.

✓Stablecoin mint

 30% to the Stablecoin Pool,   users who will mint VAI (Venus's   synthetic Stablecoin) on the   platform.

BINANCE LAUNCHPOOL DETAILS

 start date -> 

 ✓ 29/September/2020 

 End date

 ✓ 29/October/2020

Total Token on binance launchpool  ->

 ✓ 6,000,000 XVS ( 20% of     total supply )

 ✓ supported pools
  •  STAKE BNB -> 3,600,000 XVS (60%)
  • STAKE SXP -> 1,800,000 XVS (30%)
  • STAKE BUSD -> 600,000 XVS (10%)
 ✓Initial circulation supply   (upon listing) 

    3,700,000 XVS  ( 13% ) 

 ✓ Total Token supply

    30,000,000 XVS

 Trading Details

Binance will list XVS into the Innovation Zone on 6th/October/2020 5:00 AM (UTC) and open trading pairs for XVS/BTC,  XVS/BNB,   XVS/BUSD and XVS/USDT 


Thank you


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Resources & images

www.binance.com/en/support/announcement/6d7ec713ae0c40c08cc3cfd9a8fd907a?ref=JLI1VBLA&utm_source=BinanceTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial

 

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Dipendra
Dipendra

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DIPENDRA
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