Venus (XVS) is the native governance token of the Venus decentralized marketplace. This platform is created to provide lending and borrowing tools for DeFi. The XVS token is built on Binance Smart Chain. XVS holders have a voting right and can take part in the decision-making process on the Venus platform. The total supply of XVS is 30,000,000.
The launch of the Venus protocol was announced in September 2019. The original developers of Venus is Swipe. They had a goal to create a community-governed platform that provides solutions for the DeFi ecosystem. Everyone who holds XVS has a say in the decisions connected to the future of the Venus platform.
In case after reading this article you’ve decided to become a member of the Venus community, you will need some XVS tokens. SimpleSwap is happy to help you! Please follow these instructions below:
We hope we answered your questions and brought an understanding about the XVS token and the Venus platform. Thank you for reading this article.