XVS is bouncing back from the $32 support area and in the next few days if it doesn't lose this zone it will surge to $40 and $48 or even higher. But if it loses the $32 zone, it will fall back to the $24 zone

🔴Buy : 31.2-32.8$. SL if B 🔴Buy : 39-41$ if A. SL if B
🔴Sell : 39-41$. SL if A 🔴Sell : 47-49$. SL if A
🔵Sell : 31.2-32.8$ if B. SL if A 🔵Buy : 23.4-24.6$. SL if B
🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone

  • Venus is building 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 project aims to support three core features:
    • Over-collateralized lending where users can borrow assets whose value is 75% or lower than that of the assets supplied.
    • Earn interest by supplying supported collateral assets to the protocol.
    • The ability to mint VAI, the protocol's default synthetic stablecoin pegged to the value of 1 USD.
  • The XVS token is the native BEP-20 governance token of the platform and is primarily used for voting in governance decisions such as product improvements, integration of new collateral, changes in platform parameters, etc.
  • According to the initial platform setting, 79% of the total XVS token supply will be allocated for Ecosystem Mining and be distributed as follows:
    • 35% to the Lending Pool, or to users who receive interest by depositing assets for others to borrow.
    • 35% to the Borrowing Pool, or to users who borrow assets and pay interest to the platform.
    • 30% to the Stablecoin Pool, or to users who mint VAI on the platform.