Venus to Conduct XVS Token Burn in Q1 2023

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XVS
XVS
-3.78%

Venus Protocol, a decentralized lending platform, will carry out a burn of its governance token XVS in the first quarter of 2023, reducing the total supply. This initiative is intended to increase the scarcity and value of the token. As the DeFi sector continues to evolve, token burns have become a key strategy for strengthening project economic models. Major exchanges are expected to monitor this development closely to better support user participation in the protocol.

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24hour-high
$3.11
24hour-volume
$10.97K
alltime-high
$146.82
alltime-low
$1.65
market-cap--f
55.87%
fdv
$91.28M
24hour-low
$3.00
market-cap
$91.28M
circulating-s
16.76M XVS
total-supply
29.74M XVS
max-supply
30.00M XVS
market-sentim
positive
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