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What is Vai (VAI)?

Vai basic info

Name:Vai
Ticker:
Introduction:

What Is Vai?

VAI is the primary stablecoin of the Venus Protocol. It is built on the BNB Smart Chain (BNB), a blockchain renowned for its high-speed and low-cost transactions. Launched in 2019, this stablecoin is backed by a basket of stablecoins and other crypto assets, ensuring its value remains stable without the need for centralized control. The protocol behind Vai is governed by the XVS token, which was introduced as a fair launch cryptocurrency, ensuring no preliminary allocation to founders or the project team, thus promoting a more equitable distribution model.

Resources

Official Documents: https://docs-v4.venus.io/tokens/vai

Official Website: https://venus.io/

How Does Vai Work?

Vai operates within the Venus Protocol, an algorithmic money market system designed to facilitate decentralized lending and borrowing. Users can mint VAI stablecoins by providing collateral that is at least 200% of the loan value, a process that ensures the system's stability and users' confidence. The Venus Protocol employs smart contracts to automate transactions and manage the lending and borrowing services it offers, with interest rates determined by market demand and governed by the protocol's community.

The minting of Vai is regulated by a stability fee, which consists of a base rate and a variable rate that incentivizes users to mint or burn VAI in response to its market price. This stability fee ensures that the Vai stablecoin maintains its peg to the US dollar. Furthermore, the Venus Protocol allows users to participate in governance decisions, such as setting interest rates and introducing new features, through the staking of XVS tokens.

What Is VAI Token?

VAI is the native stablecoin of the Venus Protocol, pegged to the US dollar and minted on the BNB Smart Chain. It represents a significant advancement in the field of decentralized finance (DeFi), offering users a stable medium of exchange and a store of value. VAI's integration into the Venus Protocol allows users to not only borrow against their collateral but also to mint new VAI tokens, providing a versatile tool for managing digital assets.

The security of the Vai network is robust, underpinned by the Proof of Staked Authority (PoSA) consensus mechanism. This security model, coupled with compatibility with the Ethereum Virtual Machine (EVM), ensures that Vai can operate reliably and continuously, even in the event of network disruptions.

What Determines Vai's Price?

The price of Vai, like any stablecoin, is designed to be pegged to a stable asset, typically the US dollar. The stability of Vai's price is maintained through a combination of algorithmic mechanisms and user-driven actions within the Venus Protocol on the BNB Smart Chain. The primary determinant of Vai's price is the balance between its supply and demand in the market, which is influenced by the lending and borrowing activities on the Venus Protocol. When users mint Vai by locking up collateral, they increase the supply. Conversely, when they repay loans and burn Vai, they reduce the supply, which can help the stablecoin maintain its peg.

The Venus Protocol employs a dynamic system to incentivize users to mint or burn Vai in response to its market price. This system includes a stability fee that adjusts based on the price of Vai relative to its peg. If the price of Vai falls below the peg, the protocol increases the cost to mint Vai, discouraging new supply from entering the market. If the price is above the peg, the cost to mint Vai decreases, encouraging users to create more Vai. This responsive mechanism, coupled with the protocol's governance, ensures that Vai's price remains stable even amidst the volatile cryptocurrency market.

Moreover, the Venus Protocol integrates price feed oracles that provide real-time market data to ensure accurate pricing of Vai. These oracles are critical in the DeFi ecosystem, as they allow the protocol to adjust parameters and maintain the stability of Vai. The governance token XVS also plays a role in determining Vai's price, as holders can vote on key decisions that affect the protocol's monetary policy, such as adjusting stability fees and collateralization ratios. In essence, the price of Vai is a reflection of the collective trust and actions of its users, underpinned by sophisticated blockchain technology and a community-driven governance model, which are central themes in the cryptocurrency and blockchain narrative.

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Current price:
All-time high:$4.76
All-time low:$0.6999

VAI supply and tokenomics

Circulating supply:3,188,899.2 VAI
Total supply:3,188,899.29 VAI
Max supply:8,484,461.45 VAI
Market cap:$3.18M
Fully diluted market cap:$8.46M

Links

Buy Vai for $1Buy VAI now

What is the development prospect and future value of VAI?

The market value of VAI currently stands at $3.18M, and its market ranking is #1595. The value of VAI is not widely recognized by the market. When the bull market comes, the market value of VAI may have great growth potential.

As a new type of currency with innovative technology and unique use cases, VAI has broad market potential and significant room for development. The distinctiveness and appeal of VAI may attract the interest of specific groups, thereby driving up its market value.

What will the price of VAI be in 2025?
Based on VAI's historical price performance prediction model, the price of VAI is projected to reach $1.5 in 2025.
What will the price of VAI be in 2030?
In 2030, the VAI price is expected to change by -11.00%. By the end of 2030, the VAI price is projected to reach $2.13, with a cumulative ROI of +114.38%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of VAI and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is VAI worth investing or holding? How to buy VAI from a crypto exchange?

If you want to buy VAI, the following information may be helpful for your investment decisions:
In the last seven days, the price of VAI has risen by 0.09%, leading to positive returns for most VAI investors. The market is currently optimistic about the price trend of VAI.
It is important to note that the current price of VAI has retreated by -79.07% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether VAI is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in VAI or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of VAI, if you want to buy or sell VAI, you can consider Bitget for your trading needs. The best place to buy VAI is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Vai has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Vai. Here's a step-by-step guide on how to buy Vai on Bitget.

How to get Vai through other methods?

Using cash to buy Vai is not the only way to obtain Vai. If you have the time to spare, you can get Vai for free.
Learn how to earn Vai for free through the Learn2Earn promotion.
Earn free Vai by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Vai airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Vai through Bitget Convert, Bitget Swap, or spot trading.

What is Vai used for and how to use Vai?

The use case of Vai may expand as the crypto market and the project itself develop. Currently, you can use VAI to achieve the following goals:
Arbitrage by trading VAI: Since VAI is a frequently traded cryptocurrency, the price of VAI is always fluctuating. Earn more VAI by buying low and selling high on the exchange. Bitget spot market provides a variety of VAI trading pairs to fully meet your needs.
Earn by staking VAI: You can also generate income through financial management methods such as staking VAI or lending VAI. Bitget Earn offers a variety of financial products designed to help you earn more income from your VAI.
Send or pay VAI: If you want to give VAI to your friends, a charity, or a fundraiser, or you want to pay someone with VAI, you can quickly and easily send VAI to the recipient through their payment address.
You can also go to the official website of the Vai project to learn more about the use cases of VAI. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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VAI resources

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Asset-Backed Stablecoin
BNB Chain
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Vai WebsiteVai WhitepaperVai TwitterVai Github

VAI price calculator

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VAI
USD
1 VAI = 0.9971 USD
Last updated (UTC-0)
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