Introducing Venus (XVS) on Binance Launchpool! Farm XVS By Staking BNB, BUSD & SXP Tokens
Binance is excited to announce the 4th project on Binance Launchpool - Venus (XVS), a money market and stablecoin DeFi platform on Binance Smart Chain.
Users will be able to stake their BNB, BUSD and SXP tokens into separate pools to farm XVS tokens over 30 days using the new Launchpool format, with farming starting from 2020/09/29 0:00 AM (UTC). Please note that you will not receive XVS rewards for staking tokens in the XVS pools prior to the farming start time.
Binance will then list XVS into the Innovation Zone at 2020/10/06 5:00 AM (UTC) and open trading for XVS/BTC, XVS/BNB, XVS/BUSD and XVS/USDT trading pairs.
XVS Launchpool Details:
- Token Name: Venus (XVS)
- Launchpool token rewards: 6,000,000 XVS (20% of Total Token Supply)
- Total Token Supply: 30,000,000 XVS
- Private Sale Token Price: No private sale
- Farming Period: 2020/09/29 0:00 AM (UTC) to 2020/10/29 0:00 AM (UTC).
- Staking Terms: No upper limit. No KYC required.
- Stake BNB: 3,600,000 XVS in rewards (60%)
- Stake SXP: 1,800,000 XVS in rewards (30%)
- Stake BUSD: 600,000 XVS in rewards (10%)
XVS Farming Distribution
|Dates (0 AM to 0 AM UTC each day)||Total Daily Rewards (XVS)||BNB Pool Daily Rewards (XVS)||BUSD Pool Daily Rewards (XVS)||SXP Pool Daily Rewards (XVS)|
|2020/09/29 - 2020/10/06||450,000||270,000||45,000||135,000|
|2020/10/07 - 2020/10/27||109,090.89||65,454.534||10,909.089||32,727.267|
Read about Venus (XVS) in our research report here.
- Snapshots of user balances and total pool balances will be taken each hour to calculate user rewards, which will also be updated each hour.
- Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.
- Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.
- Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% in pool B.
- Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.
- BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility and VIP benefits.
- SXP staked in Launchpool will not receive SXP flexible staking rewards.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
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