Dear XTers,
We are honored to announce that XVS(Venus) will be listed on XT.COM. XVS/USDT trading pair will be opened in Innovation Zone. Please take note of the following go-live schedule:
- Deposit: 06: 00 on May 20, 2022 (UTC)
- Trading: 09: 00 on May 20, 2022 (UTC)
- Withdrawal: 09: 00 on May 21, 2022 (UTC)
Concurrently,XT.COM will hold a trading competition, trade to share $10,000 prize pool. Specific rules as follows:
Time Period: 09:00 May 20- 09:00 June 4, 2022 (UTC)
Activity: Hit the Top 300, Win a Share of 10,000 USDT!
During the campaign period, the top 300 users with the highest XVS/USDT trading value (buys + sells) that reaches 1,000 USDT will share $10,000 in USDT!
The rewards will be distributed as follows:
|
Ranking |
Rewards |
|
Top 1 |
1000 USDT |
|
Top 2 |
600 USDT |
|
Top 3 |
300 USDT |
|
Top 4-10 |
100 USDT Each |
|
Top 11-50 |
80 USDT Each |
|
Top 51-100 |
60 USDT Each |
|
Top 101-300 |
6 USDT Each |
[Token XVS]
Venus is an algorithmic money market and synthetic stablecoin protocol launched exclusively on Binance Smart Chain (BSC).
The protocol introduces a simple-to-use crypto asset lending and borrowing solution to the decentralized finance (DeFi) ecosystem, enabling users to directly borrow against collateral at high speed while losing less to transaction fees. In addition, Venus allows users to mint VAI stablecoins on-demand within seconds by posting at least 200% collateral to the Venus smart contract.
VAI tokens are synthetic BEP-20 token assets that are pegged to the value of one U.S. dollar (USD), whereas XVS tokens are also BEP-20-based, but are instead used for governance of the Venus protocol, and can be used to vote on adjustments—including adding new collateral types, changing parameters and organizing product improvements.
The governance of the protocol is entirely controlled by XVS community members, since the Venus founders, team members and other advisors do have any XVS token allocations.
Website: https://venus.io/
Blockchain Browser: https://bscscan.com/token/0xcf6bb5389c92bdda8a3747ddb454cb7a64626c63
Whitepaper Link: https://venus.io/Whitepaper.pdf
Notes:
Rewards will be distributed within 5 working days to winners’ XT accounts after the event.
XT reserves the right to disqualify trades that are deemed to be wash trades or illegally bulk registered accounts, as well as trades that display attributes of self-dealing or market manipulation.
XT reserves the right to cancel or amend any activity or activity rules at our sole discretion.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. XT will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
Thank you for your support!
XT.COM Team
May 20, 2022
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XT.COM reserves the right, at its discretion, to change, modify, or remove portions of the announcement at any time by posting the amended version on the website.