VenusRewardToken Price

VenusRewardToken is a cryptocurrency operating on the BNB Smart Chain (BEP20) platform. It serves as a reward token for suppliers and borrowers in the Venus protocol, aiming to gradually reduce the inflation rate of XVS while including XVS burning. The core value of VRT lies in its use as reward points within the protocol. Users can stake their VRT in the vVRT market on Venus to earn or borrow against it. With a current price of $0.00002048 and a market cap of $450.55K, VRT ranks 3688 among cryptocurrencies. The token has a circulating supply of 21.99B VRT out of a total supply of 24.33B VRT. Its all-time high was $0.01474 on May 27, 2021, while its all-time low was $0.00001023 on September 11, 2024. The VRT allocation rate is controlled by the Venus governance module, allowing for community-driven decision-making on token distribution.

VenusRewardToken was created on May 11, 2021. It was launched as a mechanism to provide additional mining allocations for suppliers and borrowers of the Venus protocol. The goal of VRT is to gradually reduce the inflation rate of XVS (the governance token of Venus) while including XVS burning throughout the process. VenusRewardToken aims to make governance more secure by reducing the total supply of XVS over time, while still maintaining attractive APY yields for users of the protocol.

The founders of VenusRewardToken are not publicly disclosed. VenusRewardToken was launched as part of the Venus Protocol ecosystem on the BNB Smart Chain in May 2021. It was designed as a reward token to incentivize users of the Venus lending and borrowing platform. While the specific individuals behind VenusRewardToken are not known, it was developed by the team behind the Venus Protocol decentralized finance project. The token aims to provide additional mining allocations for Venus protocol suppliers and borrowers, with the goal of gradually reducing XVS inflation and improving governance security over time.

VenusRewardToken works as a reward mechanism within the Venus Protocol ecosystem. Here's how it operates: 1. Distribution: VRT tokens are distributed to suppliers and borrowers on the Venus platform as additional mining rewards. 2. Inflation Control: The allocation of VRT aims to gradually reduce the inflation rate of XVS (Venus' governance token) while incorporating XVS burning. 3. Governance Security: By decreasing the total supply of XVS over time, VRT helps make the protocol's governance more secure. 4. Yield Generation: Users can stake their VRT in the vVRT market on Venus to earn additional yield or use it as collateral for borrowing. 5. Flexible Allocation: The distribution rate of VRT is controlled by the Venus Governance module, allowing for adjustments based on market conditions and protocol needs. 6. Value Proposition: VRT serves as a reward point system within the Venus ecosystem, incentivizing user participation and engagement. 7. Market Dynamics: As of 2025-08-10, VRT is trading at $0.00002048 with a 24-hour trading volume of $11.25K and a market cap of $450.55K. By implementing VRT, Venus aims to balance protocol growth, user rewards, and long-term sustainability of its ecosystem.

VenusRewardToken utilizes a dual-token architecture on the BNB Smart Chain (BEP20) platform. The technical structure includes: 1. Smart contracts: Deployed on BNB Chain for token issuance, distribution, and governance. 2. Reward mechanism: VRT tokens are distributed as additional mining rewards to suppliers and borrowers in the Venus protocol. 3. Deflationary model: Aims to gradually reduce inflation of XVS (Venus governance token) through VRT distribution and XVS burning. 4. vVRT market: Allows users to stake and borrow against their VRT holdings within the Venus ecosystem. 5. Governance integration: VRT allocation rates are controlled by the Venus governance module. 6. Interoperability: As a BEP20 token, VRT can interact with other BNB Chain DeFi protocols and wallets. 7. Supply management: Total supply capped at 30B VRT, with 21.99B VRT currently in circulation. This architecture enables VenusRewardToken to function as both a reward token and a utility token within the Venus DeFi ecosystem, while supporting the protocol's goals of reducing XVS inflation and enhancing governance security.

The future and roadmap of VenusRewardToken (VRT) look promising. The project aims to gradually reduce the inflation rate of XVS while implementing a burning mechanism. Key objectives include: 1. Enhancing governance security by decreasing total supply over time. 2. Maintaining attractive APY yields for users. 3. Expanding utility as a reward point system within the Venus protocol. In the near term, VenusRewardToken plans to launch a vVRT market on Venus, allowing users to stake and borrow against their VRT holdings. This will increase liquidity and use cases for the token. Long-term price predictions: - 2026: $0.00002549 - 2030: $0.00003629 - 2035: -- The VRT allocation rate will be controlled by the Venus governance module, ensuring community-driven decision-making. With its focus on sustainability and user incentives, VenusRewardToken is positioned for potential growth in the DeFi ecosystem. As of 2025-08-10, VRT is ranked #3688 with a price of $0.00002048 and a market cap of $450.55K. The project continues to develop its ecosystem and partnerships to drive adoption and value creation for token holders.