Support TRON (TRX) on Venus Protocol & Withdraw Reserve Funds.
Reserve Factor: 20%
Collateral Factor: 60%
Distribution: 50 XVS/day (25 for supply and 25 for borrow)
What is TRON?
TRX is the native cryptocurrency of the TRON Protocol. TRON boasts over 61 million users on its MainNet, with its total trading volume exceeding 2.55 billion. TVL on the platform reaches an astonishing $11.8 billion, and up to $30.4 billion worth of TRX is staked, registering a real-time staking rate of 29.81%. Now, the total market cap of TRX has surpassed $11 billion.
Since its inception in 2018, TRON has maintained its fast-paced growth. The market cap and liquidity of TRX have also experienced sustained growth along the way. The past six months have witnessed its turbocharged performance and TRON is currently developing more products on the Binance Smart Chain as part of their ‘Connect All Chains’ Initiative.
Withdraw Reserve Funds
Since we are launching our new XVS Vault and celebrating VENUS 1 YEAR ANNIVERSARY at the same time, we’ve decided to make it worth it and to CELEBRATE IN BIG! In this VIP, we will also withdraw all interest reserve funds from the Protocol (Currently Estimated at over 17,000,000$). We will use a lot more funds for buyback and distribution to XVS Holders than initially planned and, the Risk Fund allocation will be used to repay the pending shortfall as soon as possible. Here’s how we will use the funds:
39% will be allocated to Risk fund
29% for XVS buyback burn
20% as initial XVS vault airdrop to XVS Holders
4% for Business Development and Marketing
8% for Project operations
HOW MUCH IS THE BUYBACK AND BURN?
At the current market value, the Buyback and burn is evaluated to be close to USD 5,000,000$!!
HOW MUCH IN XVS WILL BE DISTRIBUTED TO XVS VAULT HOLDERS?
At current Value, XVS Stakers in the new XVS Vault will share approximately 3,400,000$ in XVS Tokens.
Total: 8.4M$ Buyback (3.4M$ Given back to users instead of the Treasury and 5,000,000$ BURNED. This is the first part of our announced 15M$ Buyback but we’re doing it a little different then initially planned. We’ve decided to give back more to Venus supporter’s..
There is no force more powerful than a community that is determined to succeed and, this is the beginning of our future success. Thank you for your support Venus Community!
STAY TUNED FOR MORE ANNOUNCEMENTS. THE COMPLETE MISSION TO VENUS CONTEST DETAILS AND EXTRA ANNIVERSARY PRIZES WILL ALSO BE ANNOUNCED THIS WEEK, DONT MISS OUT!