Venus is a decentralized finance protocol on Binance Smart Chain (BSC) and XVS and VAI are its token. This platform, the largest on BSC, allows users to use their cryptocurrencies through an adequate provision of guarantees, thus allowing those who wish to obtain a loan covered by a corresponding equivalent value. The potential of Venus are many and to discover them all, I refer you to her website https://venus.io/.

Today here we will talk about an important airdrop, which will take place in a few days, after mid-May 2021. In particular, Venus has decided to issue a other token: VRT (Venus Reward Token). This new cryptocurrency will be released to XVS holders and Binance will support the process by allowing those with XVS in their spot wallet to receive the airdrop. Here is the reference of Binance's announcement:

https://www.binance.com/en/support/announcement/7e9d5fa946fd4a889deb45c63a76e304

In a nutshell, a snapshot will be taken on 17/05/2021 on the Binance spot wallet. You will need to hold a minimum amount of 0.01XVS to participate. The reward will be distributed in the following days. The ratio of the airdrop will be 1,000 VRT to 1 XVS. This will also apply to the net amount of XVS you have supplied to the Venus Protocol and hold vXVS. Here is where you can find the original Venus announcement:

https://blog.venus.io/venus-reward-token-distribution-venus-nft-details-84a13efa2707 

If you liked this article leave me a like and use one of my referral links below. 👇.. And don't forget to FOLLOW ME! ❤ 

Coinbase, 10$ bonus in BTC

Binance, 10% discount fees

Get a $10 cashback reward when you buy eGold with Maiar

Acala network, join to get reward