Venus

Venus is a Decentralized Finance (DeFi) money market platform on Binance Smart Chain to enable digital asset lending and generation of synthetic stablecoins backed by a basket of various BEP-20 assets. The collateral provided to Venus will be represented by vTokens (such as vBTC) which will enable users to redeem the underlying collateral as well as to borrow against it.

Venus is airdropping their new rewards token VRT to XVS and vXVS holders. A snapshot will be taken on May 17th, 2021, at block number 7479562 and users who held XVS or vXVS in a private wallet or in a supporting exchange like Binance during the snapshot will receive free VRT at a ratio of 1,000 VRT per 1 XVS. Users having XVS or vXVS in a private wallet will also receive limited edition NFTs at a ratio of 1 VENUS NFT per 10 XVS owned or the corresponding amount vXVS.

Step-by-Step Guide:
  1. Hold XVS or vXVS in a private wallet or in a supporting exchange like Binance.
  2. A snapshot will be taken on May 17th, 2021, at block number 7479562.
  3. Users who held at least 0.01 XVS or the corresponding amount of vXVS in a private wallet or in a supporting exchange like Binance during the snapshot will receive free VRT at a ratio of 1,000 VRT per 1 XVS.
  4. The corresponding ratio of 1 XVS = 50 vXVS.
  5. Venus is also airdropping limited edition NFTs at a ratio of 1 VENUS NFT per 10 XVS or for the corresponding amount of vXVS. Users need to hold XVS or vXVS in a private wallet to be eligible to receive the NFTs.
  6. The rewards distribution will begin on May 17, 2021, and will end on May 24, 2021.
  7. For more information regarding the airdrop, see this Medium article. To see this Binance announcement, click here.

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Estimated Value

n/a

Tokens per Claim

1 XVS : 1,000 VRT

Max. Participants

Unlimited

Overview


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