$0.022
-0.01%
$
24h Range
$
Market Cap
$60,119,929.2
Fully Diluted Valuation
$60,119,929.2
24 Hour Trading Vol
$0
Circulating Supply
2,694,770,470.0
Total Supply
2,694,770,470.0
Max Supply
∞
Venus BUSD Price
$0.022
24h Range
$undefined - $undefined
Percent Change 1h
0.01%
Percent Change 24h
-0.01%
Percent Change 7d
0.03%
All-time high
$0
All-time low
$0
1D
7D
1M
1Y
All
Venus BUSD (VBUSD) is a decentralized stablecoin that operates on the Venus Protocol, a money market platform built on the Binance Smart Chain (BSC). As a stablecoin, VBUSD aims to maintain a 1:1 peg with the US Dollar, providing users with a reliable medium of exchange that mitigates volatility typically associated with cryptocurrencies. VBUSD is minted through the collateralization of assets, allowing users to borrow against their crypto holdings while supplying liquidity to the market.
Venus BUSD was developed by the Venus Protocol team, which was co-founded by key figures in the blockchain and DeFi space, including Joselito Lizarondo, who serves as the CEO, and other contributors with backgrounds in finance and technology. The project has garnered attention for its focus on creating a decentralized money market that empowers users to earn yields on their crypto assets while providing liquidity.
Venus BUSD works by utilizing a two-token system: the Venus token (XVS) and the stablecoin VBUSD. Users can supply various cryptocurrencies as collateral to the Venus Protocol, which then allows them to mint VBUSD based on the collateral value. The protocol employs an algorithmic approach to maintain the peg of VBUSD to the US Dollar, relying on over-collateralization to ensure stability. Users can also earn interest on their supplied assets and participate in governance through XVS tokens, which allow holders to vote on proposals and changes within the protocol.
To mint VBUSD, users must deposit supported cryptocurrencies into the Venus Protocol. The maximum amount of VBUSD that can be minted is determined by the collateral value based on the asset's current market price and the collateralization ratio specific to each asset. The platform uses smart contracts to facilitate these transactions securely and transparently.
Venus BUSD has several notable use cases:
Ensuring the safety of your Venus BUSD involves several key practices:
Investing in Venus BUSD (VBUSD) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Venus BUSD: Once your account is funded, you can purchase Venus BUSD directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Venus BUSD using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Venus BUSD (VBUSD) is currently trading at $0.022 and exhibits good potential for future growth. Check the latest Venus BUSD (VBUSD) price prediction.
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