Venus Protocol (XVS) is an algorithmic-based money market system designed to bring a complete decentralized finance-based lending and credit system onto Binance Smart Chain
XVS price is currently around $46 USD with a 24-hour trading volume of $53,675,171 USD. The current CoinMarketCap ranking is #102, with a market cap of $397,107,440 USD. It has a circulating supply of 8,460,929 XVS coins and a max. supply of 30,000,000 XVS coins.
XVS is currently No.1 on BSC in term of Liquidity.
What is SwapX:
- SwapX is an AMM Aggregator protocol developed by the LaunchZone team. This protocol automatically helps users acquire the best swap rate available on all BSC’s AMMs.
- Obviously, our swapx.launchzone.org offers better swap rates than other AMMs because it finds the AMMs with the best liquidity among BSC’s AMMs to divide, match, and execute user’s orders.
- Increase the number of users and the adoption of Binance Smart Chain.
- Increase transaction volume and liquidity for Venus Protocol.
- Help users get the best swap rate when swapping trading pairs with Venus Protocol.
Form of implementation:
- The Referral Trading Contest organized by LaunchZone SwapX & Venus Protocol
Location of implemtation:
- User who connect his/her wallet to SwapX shall have a unique referral link. The user copies the link and sends it to his/her friends. The winner of the contest will be the one with the highest total of friends’ trading volume.
Price and reward:
- 43.9886 XVS
Time period of implementation:
- 1 week.
- Date & Time: From 18th February 2021, 10:30 PM (Hongkong Time) to 25th February 2021, 10:30 PM (Hongkong Time).
Ranking reward structure:
- 1st Place: 3.079202 XVS
- 2nd Place: 2.19943 XVS
- 3rd Place: 1.759544 XVS
- 4th Place: 1.319658 XVS
- 5th-10th Place: 0.659829 XVS
- 11th-100th Place: 0.3519088 XVS
- LaunchZone reserves the right to disqualify traders that are deemed wash trades or showing any kind of self-dealing.
- LaunchZone shall only calculate the total buy & sell volume of $XVS token over all trading pairs.
- LaunchZone reserves the right to cancel or amend any activity or activity rules at our sole discretion.
- The rewards will be contributed directly to the wallets of winners within 1 week after the campaign ends.
- All the rewards will be paid in XVS.
- Participants need to follow LaunchZone and Venus Protocol on https://twitter.com/bscexofficial and https://twitter.com/VenusProtocol