Market Capitalization$1.16 billion
Coin or TokenCoin
Official Website (Alt)N/A
Message Board (Alt)N/A
Blockchain Explorer (Alt)N/A
Venus (XVS) Frequently Asked Questions
What is Venus?
Venus Protocol (“Venus”) is an algorithmic-based money market system designed to bring a complete decentralized finance-based lending and credit system onto Binance Smart Chain. Venus enables users to utilize their cryptocurrencies by supplying collateral to the network that may be borrowed by pledging over-collateralized cryptocurrencies. This creates a secure lending environment where the lender receives a compounded interest rate annually (APY) paid per block, while the borrower pays interest on the cryptocurrency borrowed. These interest rates are set by the protocol in a curve yield, where the rates are automated based on the demand of the specific market, such as Bitcoin. (Description provided by CryptoCompare)
How do I buy Venus?
It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Venus.
Where can I get Venus wallet?
Venus produces its own wallet software that is available for download on its website, which allows you to store Venus on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.
What is the value of Venus?
One Venus (XVS) is currently worth $117.15 on major cryptocurrency exchanges. You can also exchange one Venus for 0.00232899 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Venus in U.S. dollars is $1.16 billion.
What hashing algorithm does Venus use?
Venus is a proof of work (PoW) and proof of stake (PoS) coin that uses the Scrypt algorithm.
How do I mine Venus?
Venus and other Scrypt coins can typically only be mined profitably with a piece of specialized mining hardware called an ASIC, which stands for application-specific integrated circuit. Major manufacturers of ASICs include BitMain (AntMiner), Microbt (Whatsminer), and Canaan (AvalonMiner). ASIC hardware can be purchased directly from the manufacturer or from resellers on Amazon and eBay.
What coins are similar to Venus?
The following coins use Venus's Scrypt algorithm and proof of work (PoW) and proof of stake (PoS) proof-type: Wrapped Bitcoin, Cosmos, Creditcoin, Function X, Darwinia Network, Phantasma, mStable USD, Redd, StableXSwap, DAOstack, Nestree, Offshift, Trollcoin, ChatCoin and OKCash.
MarketBeat Community Rating for Venus (XVS)MarketBeat's community ratings are surveys of what our community members think about Venus and other cryptocurrencies. Vote "Outperform" if you believe the stock will outperform other cryptocurrencies over the long term. Vote "Underperform" if you believe the stock will underperform other cryptocurrencies over the long term. You may vote once every thirty days.
Venus (XVS) Price Chart for Friday, May, 14, 2021
Venus (XVS) Search Trends
There is a correlation between price appreciation and public interest in cryptocurrencies, such as Venus. Many cryptocurrency investors use Google Trends, which measures the volume of web searches for a particular topic over time, as a tool to gauge whether public interest is increasing or decreasing for a particular cryptocurrency. The chart below shows how search volume has changed for the phrase "Venus Coin" over the last 90 days.
Venus (XVS) Website Traffic
Venus (XVS) Social Media Trends
Venus (XVS) News Headlines