This week, XVS crypto assets will be listed on Indodax. Open deposit will start on September 1st, 2021 at 14:00 WIB and open trading will also start on September 2nd, 2021 at 14:00 WIB.
Still confused? Don’t worry, because, before buying, it is important for you to find the background of a project so that you can have the most suitable crypto asset. And this time, we will share and you can read this article to get to know more about XVS.
What is Venus (XVS)?
Venus is an algorithmic money market and synthetic stablecoin protocol launched exclusively on the Binance Smart Chain (BSC).
This protocol introduces easy-to-use crypto asset lending and lending solutions to the Decentralized Finance (DeFi) ecosystem, enabling users to borrow directly with collateral at high speed while reducing transaction costs. In addition, Venus allows users to mint VAI stablecoins on demand in seconds by posting at least 200% collateral to Venus smart contracts.
The VAI token is a synthetic BEP-20 token asset pegged at one US dollar (USD), while the XVS token is also BEP-20 based, but is otherwise used for the governance of the Venus protocol, and can be used to vote on customizations—including adding types. new warranties, changing parameters, and managing product upgrades.
The governance of the protocol is completely controlled by members of the XVS community, as the Venus founder, team members and other advisors own the allocation of XVS tokens.
Who Founded Venus (XVS)?
The development of the Venus project is being carried out by the Swipe project team. Venus’ main goal is to achieve decentralization through community governance. There is no pre-mining for teams, developers, or founders, which gives XVS holders complete control over the path the Venus Protocol takes.
What Makes Venus (XVS) Unique?
The main strengths of Venus are its high speed and very low transaction fees, which are a direct result of building on top of the Binance Smart Chain. This protocol is the first to allow users to access the lending market for Bitcoin (BTC), XRP Litecoin (LTC) and other cryptocurrencies for real-time sources of liquidity, thanks to near-instant transactions.
Customers who obtain liquidity using the Venus Protocol do not have to pass a credit check and can quickly take out loans by interacting with the Venus decentralized application (DApp). As there is no centralized authority, users are not restricted by geographic area, credit score or anything else, and can always obtain liquidity by posting sufficient collateral.
These loans are provided from pools contributed by Venus users, who receive the APY variable for their contributions. These loans are secured by over-collateralized deposits made by borrowers on the platform.
To avoid market manipulation attacks, the Venus Protocol uses price oracle feeds, including those from Chainlink to provide immutable, accurate price data. Thanks to Binance Smart Chain, the protocol can access price feeds at a lower cost and with greater efficiency, reducing overall system costs.
XVS Crypto Assets
XVS trading volume for the last 24 hours was $34,822,397 USD before listing on Indodax. Its current CoinMarketCap rating is #153, ??with an immediate market cap of $337,404,288 USD and has an outstanding supply of 11,040,129 XVS coins and max. supply 29,960,733 XVS coins.
How to Buy XVS Crypto Assets on Indodax
For those of you who want to buy XVS crypto assets, you can buy them on Indodax starting September 2, 2021 at 14:00 WIB. Here’s how to buy it:
- For those of you who are not yet a member, you can click the link here.
- After that, make a deposit. For those of you who are confused about how to deposit, click on this link.
- After your deposit and balance come in, you can return to the market.
- Look for XVS in the Rupiah market then click.
- After entering, you just have to buy by filling in the balance and at what price you want to buy it. You can also buy it instantly or directly at the current price.
- After that, you need to patiently wait for the price to increase for some time.
- After the price increases, you can sell at a higher price with the instant method.
- If you sell with the limit method, you can place an order after buying. Make sure you enter a higher number when selling.
