💟 Market Health (October-18) Money flow is continuing to push into Bitcoin to help it rise back to the top of $65000 so the money push into Altcoins will be quite slow, but the buying power of Altcoins is still very interesting because it is still pushed in even when Altcoins are falling. This shows that the accumulation of Altcoins at the moment is taking place and Altcoins can completely increase in the near future.
💟 Market Health (October-17) The buying power has decreased because the cash flow at the end of the week is usually very weak, so we may have a slight correction, this does not affect the uptrend of Altcoins.
💟 Market Health (October-16) The buying force is continuously pouring into Altcoins these days and they are having a big chance to increase sharply in the near future so let's keep accumulating Altcoins.
💟 Market Health (October-15) After a wave of good news about the DeFi, NFT and Fan token markets, buying power has returned to the market now. The current money is flowing strongly into the platform coins and this will help the market to stand stable in the near term. Let's keep accumulating coins and waiting for their pump
XVS is heading to 34$ and 42$ zones this October. But if it loses this 27$ zone, we will consider buying it back at 23$ zone
📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 27$ zone
🔴Buy : 27
🔴Sell : 34 - 42
📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 27$ zone
🔵Sell : 27
🔵Buy : 23
❓Details 🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day 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.