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Vai Coin, is the native decentralized stable cryptocurrency of the Venus protocol, operating directly on the Binance Smart Chain.
What is Vai (VAI)?
Venus provides VAI, the world’s first decentralized stablecoin backed by a basket of decentralized stablecoins and crypto assets, operating on the Binance Smart Chain. The Venus protocol has officially launched its mainnet on BSC. Users can access a high-speed and low-fee money market that allows the production of the first synthetic stablecoin called VAI.
The Venus protocol is governed by its native cryptocurrency XVS, which can be mined by liquidity providers, borrowers, and stablecoin miners. Venus protocol users can supply, borrow, and use assets like Swipe (SXP), Binance Coin (BNB), USDT, USDC, BUSD, and VENUS (XVS) to participate in liquidity mining incentives and produce VAI.
The protocol offers an easy-to-use solution for lending and borrowing crypto assets within the decentralized finance ecosystem. Since it is not managed by a central authority, Venus users are not subject to arbitrary restrictions. Loans are provided from a pool to which Venus users contribute. Additionally, the Venus protocol leverages price feed oracles to provide accurate pricing data.
Where to Buy VAI Coin?
VAI Coin can be safely bought and sold on Binance, the world’s largest cryptocurrency exchange by trading volume. Vai Coin is traded on the Binance platform in the BTC/VAI and BUSD/VAI pairs.
To buy VAI, you must first register with the Binance exchange. Once the registration is complete, you need to transfer cryptocurrency or fiat currency to your Binance account wallet. After completing the transfer, you can trade VAI Coin in the two pairs mentioned above. To buy from the BUSD/VAI trading pair, you should first navigate to this pair’s interface. Enter the amount you want to purchase in the limit section of the BUSD/VAI interface and then complete the purchase.
