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

♻️Condition : If 1-Day closes ABOVE 27$ zone 🔴Buy : 27 🔴Sell : 34 - 42
♻️Condition : If 1-Day closes BELOW 27$ zone 🔵Sell : 27 🔵Buy : 23
🚫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.