Venus protocol (VRT) is a decentralized marketplace built onthe BSC (Binance Smart Chain) for lenders and borrowers with decentralized stablecoins. The Venus Protocol aims to provide users with a decentralized and secure marketplace to obtain loans, earn yields, and mint synthetic stablecoins. Minting means creating new coins by validating information and recording that information into the blockchain.

The project aims to enable the decentralized stablecoin to be backed by a basket of stablecoins and crypto assets without centralized control. The funds held within the protocol aim to earn a yield based on the market demand for that asset. This yield then can be used as collateral for borrowing assets or minting stablecoins as well. Further, users can use VRT collateral by instantly borrowing from the Venus protocol without trading fees or any other cost directed on the chain. So, with Venus, users have on-demand liquidity available globally. Also, users can tokenize their assets utilizing the Binance Smart Chain and receive portable VRTs (the native token of the project) to move around cold storage or transfer to other users. Cold storage is an offline wallet used for storing cryptocurrencies, thereby protecting the wallet from unauthorized access, cyber hacks, and other vulnerabilities.

As the protocol runs entirely on the Binance Smart Chain, the problem of congestion, lack of cross-chain compatible assets, and high transaction fees is solved. Thus, the Venus protocol aims to enable anyone to utilize a high-speed and low-transaction cost blockchain by leveraging the Binance Smart Chain to supply collateral, borrow against that collateral, earn interest, and mint stablecoins on-demand.

Apart from VRT, XVS is the governance token of the protocol, which is distributed via a fair-launch mechanism for the community. The protocol is controlled by the miners of Venus tokens. The governance features include: 

VRT is distributed to users over four years, while the XVS (governance token of the project) distribution doubles to around eight years to complement the reductions, which are subject to governance changes and on-chain proposals. Further, users can store and perform the transactions securely with the Swipe crypto wallet of the project.

The whitepaper on Venus Reward Token (VRT) was released on November 27, 2020. The project had a total supply of thirty million VRT.

Aggiorniamo il prezzo di Venus Reward Token in EUR in tempo reale. Ottieni il prezzo di Venus Reward Token in tempo reale su Coinbase.

L'attuale capitalizzazione di mercato di Venus Reward Token è 79,44K €. Una capitalizzazione di mercato elevata implica che il mercato attribuisce una valutazione elevata all'asset.

Il massimo storico di Venus Reward Token è 0,01404 €. Questo massimo storico è il prezzo più elevato pagato per Venus Reward Token dal suo lancio.

Nelle ultime 24 ore, il volume di negoziazione di Venus Reward Token è stato pari a 7,68 €.

Gli asset che hanno una capitalizzazione di mercato simile a Venus Reward Token includono BitCone, Rivalz Network, Reploy e molte altre. Per visualizzare un elenco completo, consulta la pagina asset con capitalizzazione di mercato comparabili.

La quantità di Venus Reward Token attualmente in circolazione è 22 miliardi.