Real-time XVS price analysis
The current price of Venus in real time is $12.72and its trading volume is equal to US$28,373,421 in the last 24 hours. XVS price has grew by
4.36%
on the last day and increased by
5.00%
in the last 7 days. It is important to note that Venus’s current market capitalization is US$199,814,362and the maximum offer is 30,000,000 XVS coins. Speaking of working resources, XVS has 15 710 466 coins. Venus currently has a market rating of #229.
Venus price today
91.35%
below
always on top and that’s it
1529.56%
higher
always at a low level.
All data and prices are updated in real time. The most active and popular exchanges for buying or selling XVS are Binance, Kucoin & Kraken. Find more cryptocurrency exchange options on our Cryptocurrency exchange tracker. The most secure hardware wallets to store your cryptocurrency: Ledger And Trezor.
What is Venus (XVS)?
XVS is the native sign of Venus, which is decentralized money market for lenders and borrowers, powered by Binance Smart Chain. In addition, Venus is also synthetic stablecoin protocol which allows users to create VAI stablecoins. If you’re interested in the current price of the XVS, check out the Venus price chart above.
The Venus protocol is a fork of Compound and MakerDAO. It was initially operated by Binance. However, Venus is now ruled project “Swipe”, which also belongs to the Binance ecosystem. Swipe is a crypto-fiat gateway that allows people to use crypto assets as fiat money.
Like the money marketVenus allows users to borrow directly against collateral pledge with low transaction fees. To become a lender, a user must pool their assets into the Venus pool. In this case, creditors receive vTokens and are able to generate profits based on variable interest rates. Borrowers can receive overcollateralized loans from this pool by paying variable interest rates.
Additionally, users wishing to borrow money from Venus must first provide collateral to the network. They will then be able to borrow from Venus pools against collateral without going through a credit check.
Like a stablecoin protocolOn the other hand, Venus allows users to create VAI, a synthetic stablecoin pegged 1:1 to the US dollar. VAI stablecoins are based on BEP-20 token standard. However, unlike most stablecoins, the Venus protocol does not have an underlying fiat currency reserve to anchor VAI tokens. Instead, the peg is entirely dependent on the market and its collateral basket. However, there is Price adjustment module it can be used to change system parameters, disable anchoring, and change supply and demand dynamics to restore VAI stability if any problems occur.
How does Venus work?
The Venus crypto project uses Chainlink Price Oracles to provide accurate pricing information. oracles ensure that price information cannot be tampered with, thus protecting the platform from market manipulation attacks.
In addition, the Venus protocol is secure via Proof of Interest (PoSA), This is the consensus mechanism used by the BSC network. This is a modified version Proof of Stake (PoS)in which the identity of the validator acts as a stake rather than a stake that has a monetary value.
Options for using XVS tokens
XVS tokens are based on the BEP-20 token standard. They are mainly used as governance token crypto project Venus. Venus token holders can participate in decision-making processes regarding the future development of the project. Again, be sure to check out the XVS price on the Venus price chart above, where you can see how the value of the token is changing in real time.
In addition, XVS tokens are used for reward platform participants. Rewards are issued daily as follows:
- 35% to borrowers
- 35% to creditors
- 30% to VAI stablecoin miners
Tokenomics XVS
Initially, 30 million Venus tokens were minted. 20% of these tokens were dedicated Binance Launchpool, during which users could farm XVS tokens by betting on other crypto assets. 1% of Venus tokens were allocated to BSC ecosystem grants. The remaining portion is intended for liquidity providers.
Also, please note that Venus price is subject to changeso keep this in mind if you are thinking about purchasing XVS tokens.
What is the Venus trading volume in the last 24 hours?
XVS has trading volume US$28,373,421 in the last 24 hours.
What is the highest price on Venus?
XVS has the highest price $147.02which was achieved at May 10, 2021 (2 years 9 months ago).
What is the lowest price on Venus?
XVS has the lowest price $0.7805which was achieved at December 11, 2022 (1 year 2 months ago).
Which exchanges are best for buying and selling XVS?
Currently the most active and dominant exchanges for buying and selling Venus are Binance, Kraken & Kucoin. The most popular Venus trading pairs XVS/vXVS
(on
Venus
),
XVS/USDT
(on
Binance
),
VBNB/XVS
(on
PancakeSwap v3 (BSC)
). Go to Catalog of crypto trades to access customized and exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.
What are the safest hardware wallets for storing XVS?
According to the process of in-depth analysis and testing, Ledger And Trezor are one of the most secure and popular hardware wallet options for storage Venus. For exclusive discounts and promotions on the best crypto wallets, visit Catalog of crypto trades.
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
