COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: What is Vai Coin?
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Altcoin News > What is Vai Coin?
Altcoin News

What is Vai Coin?

In Brief

  • Launched in 2019, the Venus Protocol is governed by the XVS token.

  • This token is designed as a fair-launch cryptocurrency without any pre-allocation to its founders or team.

  • Liquidity providers can earn it through the Binance Launchpool.
COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

Vai is a decentralized stablecoin built on the Venus Protocol operating on the Binance Smart Chain.

Contents
What is Vai (VAI)?How to Buy Vai Coin?

What is Vai (VAI)?

Launched in 2019, the Venus Protocol is governed by the XVS token. This token is designed as a fair-launch cryptocurrency without any pre-allocation to its founders or team. Liquidity providers can earn it through the Binance Launchpool.

Supported by the Venus Protocol, Vai claims to be the first decentralized stablecoin on the Binance Smart Chain, backed by a variety of stablecoins and other crypto assets without central control. Support from the Binance Smart Chain enables Vai to offer its users a high-speed, low-fee money market.

The Venus protocol is managed by its native token, XVS, which can be mined by liquidity providers, protocol borrowers, and stablecoin miners.

The protocol itself offers a user-friendly crypto asset lending and borrowing solution in the decentralized finance (DeFi) ecosystem. It allows users to borrow against collateral directly at higher speeds and lower transaction fees. Venus also enables users to mint VAI stablecoin on demand by depositing at least 200% collateral into the Venus smart contract.

Individuals providing liquidity through the Venus Protocol do not need to pass credit checks and can obtain loans by interacting with the Venus decentralized application (DApp). As it is not governed by a central authority, Venus users are not subject to arbitrary restrictions and can always provide sufficient collateral for desired liquidity.

Loans are then provided from a pool contributed to by Venus users, who can earn an annual percentage yield (APY) for their contributions. The Venus Protocol also benefits from price feed sources that provide accurate pricing data.

How to Buy Vai Coin?

VAI Coin can be securely and quickly purchased through Binance, the world’s largest cryptocurrency trading platform in terms of trading volume.

To buy VAI Coin, one must first register with Binance and then send fiat currency. After sending fiat currency like Turkish Lira or dollars, one can purchase Bitcoin (BTC) and BUSD to trade in the VAI pair.

Additionally, on Binance, users can place buy orders not only at the market price but also at a lower value. To do this, use the Limit tab and enter the amount and price you want to buy at.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Dive into Dogecoin’s Dynamic Market Momentum

Cryptocurrency Expert Bluntz Predicts Rally for SPX6900 and WIF

Altcoin Projects Face Mass Closure: What’s Happening in Crypto Investments?

BlackRock Shifts Investment Focus from Bitcoin to Ethereum

Turmoil Hits Magic Eden as Trump Wallet Rumor Falls Apart

COINTURK NEWS 1 February, 2024 - 5:00 pm 1 February, 2024 - 5:00 pm
Share This Article
Facebook Twitter
Share
Previous Article Bitcoin Struggles Despite Potential ETF Approval Indicators
Next Article Impact of US Unemployment Claims Data on Cryptocurrency Markets
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Dive into Dogecoin’s Dynamic Market Momentum
Altcoin News
JP Morgan Redefines Traditions with Bold Crypto Collateral Decision
Cryptocurrency News
Binance Expands Monitoring Tag for Selected Altcoins
Binance
Cryptocurrency Expert Bluntz Predicts Rally for SPX6900 and WIF
Altcoin News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?