Venus XVS
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Short Review Venus
Crypto project Venus (XVS) is classified as a DeFi. Venus is a Utility token that is hosted on the BSC (BEP-20) Network. The current total supply is 29.75 M XVS (Circulating Supply + Tokens yet to be released - Burned Tokens). (20% of total tokens) have been allocated for the public sale.
Venus ICO Overview
Public sale of tokens will take place on the Binance Launchpad. Estimated date for the public token sale: 29 October 2020. (XVS) You can purchase project tokens for BNB BUSD SXP
XVS Price Chart
The launch of XVS token trading took place on 6 October 2020.
Fundraising Rounds
| Investment Round | Date | Price | Funds Raised |
| Launchpool | September 29, 2020 | -- | -- |
Venus Investors
Venus (XVS) Cryptocurrency
Venus (XVS) is the native governance token of the decentralized marketplace Venus. The platform is designed to provide lending and borrowing tools for DeFi. The XVS token runs on Binance Smart Chain. XVS owners have the right to vote and can participate in the decision-making process on the Venus platform.
History of the Venus Project
The launch of the Venus protocol was announced in September 2019. The original developers of Venus are Swipe. They had a goal to create a community-driven platform that provides solutions to the DeFi ecosystem. Everyone who owns XVS has a say in decisions related to the future of the Venus platform.
Benefits of Venus (XVS)
- Decentralization. The development team calls this project “the most decentralized financial product in the blockchain space.” This is probably the biggest advantage of this protocol. This makes available many unique features.
- Participation in the decision-making process. The XVS token gives its owner the opportunity to actively participate in the life of the Venus platform.
- Solutions for the crypto-lending mechanism. Users can issue loans without credit checks, regional restrictions and a central authority that makes all decisions.
- No tokens allocated to the team. Everyone receives tokens on the same basis, regardless of the status of the founder.
- Potential. The Venus protocol has great potential to become a true network. It now has about 71,000 users. The team proposes improvements that give participants more freedom. For example, delegated voting will become available. It will add vXVS, a representation of the original XVS, to the platform to allow those whose tokens are at stake to participate in voting.
- Low fees and high speed. These things are extremely important to users, which makes us think that the Venus Protocol has a future.
Venus (XVS) Disadvantages
- Lack of risk management . This is the biggest drawback of the project. For example, in May 2021, we witnessed a massive liquidation, with the price falling by 77.6%. About a week earlier, XVS hit its all-time high of $147.02. This is believed to have occurred as a result of price volatility. This incident was seen as price manipulation and a sharp drop in the price of Bitcoin, which led to even more FUD (fear, uncertainty, doubt). The team has already announced that they will make efforts to create a more reliable system.
- Protocol development. Venus is constantly changing, this may lead to some bugs and errors. Therefore, users should be prepared to encounter some difficulties from time to time, but the new team is taking every step to ensure that this does not happen again.
