Venus Reward Token Airdrop
Venus Reward Token Airdrop
Closes in: Expired already
Estimate value: N/A
Token value: 1,000 VRT to 1 XVS & 1 VENUS NFT per 10 XVS
Referral: N/A
Max. participants: NA
Twitter
About:
Venus Reward Token ( VRT) is a mechanism created to become an additional mining distribution to suppliers and borrowers of Venus Protocol. The goal is to gradually lower XVS inflation rate and also include burning XVS throughout this process. Venus reward token is to make the Venus total supply lower over time to make Governance more secure. In substitution to this, it will create a lucrative APY yield in the protocol. VRT will have a total supply of 30 billion and be distributed to users over the course of 4 years while XVS distribution will double to around 8 years to compliment the reductions. All of this is subject to Governance changes and on-chain proposals.
Venus is airdropping VRT to XVS and vXVS holders. A snapshot will be taken on May 15th, 2021, at block number 7479562. Users are required to hold XVS or vXVS in a private wallet or in a supporting exchange like Binance during the snapshot. VRT distribution will be done at a ratio of 1,000 VRT per 1 XVS. XVS or vXVS holders will also receive limited edition NFTs at a ratio of 1 VENUS NFT per 10 XVS owned or the corresponding amount vXVS in their private wallet. Follow our step guide to receive your Venus Reward Token.
Step-by-step guide:
- Hold XVS or vXVS in a private wallet, supporting exchange or Binance Exchange and receive 10% off trading fees
- The mininum XVS holding required to be eligible is 0.01 XVS or the corresponding amount of vXVS in exchange like Binance during the snapshot
- The ratio of the airdrop will be 1,000 VRT to 1 XVS. This will also apply to the net amount of XVS you have supplied to the Venus Protocol and hold vXV. The corresponding ratio of 1 XVS = 50 vXVS
- All non exchange wallet will receive a limited edition of 1 VENUS NFT per 10 XVS owned (includes net XVS held as vXVS)
- The rewards distribution will begin on May 17, 2021, and will end on May 24, 2021
Note:
Relative to Binance Users
- Deposits and withdrawals for XVS tokens will be tentatively closed at 2021-05-17 03:30 (UTC). The timing will be adjusted according to the network speed.
- XVS tokens that are pending deposit or withdrawal at the time of snapshot will not count towards your XVS balances. Please ensure you leave sufficient time for deposits and withdrawals to complete prior to the snapshot.
- The snapshots will include XVS balances in Spot wallets, Margin accounts and DeFi Staking accounts. Undistributed XVS interest payments will not be included.
- XVS borrowed from Margin, or XVS transferred to Spot wallets from Margin accounts, will not count towards the airdrop threshold.
- For the trading and listing of VRT on Binance, VRT will go through the same strict listing review process as Binance does for any other coin/token. Supporting this airdrop does not guarantee the listing of VRT. Binance does not guarantee any listings as per its internal policy.
- Binance will distribute the VRT tokens after the project has completed the VRT token distribution to Binance. We will post a further announcement once the distribution to Binance users is completed.
- US persons, entities and sanctioned countries are not eligible to receive this airdrop. For more information, please refer to Binance Terms of Use.
Don’t forget to join our Telegram channel and follow us on Twitter to receive new airdrops!
Requirements:
⚠ Never spend money to get free tokens!
