What problem does this service solve?

Venus is a decentralized lending marketplace that algorithmically connects lenders and borrowers.LinkEye's decentralized database of credit data will enable more people to have access to credit and financing.

Token Stats

Company Description

The Venus token enables the Venus Protocol; an algorithmic-based money market system designed to bring a complete DeFi lending and credit system onto the Binance blockchain. The Venus token (XVS) is designed to be a fair launch cryptocurrency, without any designated allocations to a founding team. XVS tokens can only be earned by contributing liquidity to the protocol. Venus allows users to deposit collateral to the network that can then be borrowed by other users that are required to place tokens as collateral. This creates a secure lending environment with the lender receiving an interest payment that is distributed per block, and the borrower paying an interest on the cryptocurrency they borrowed.

LinkEye is creating a blockchain platform for a global credit alliance. Their goal is to create a decentralized database for credit data, based on Hyperledger, that will facilitate greater access to loans. The platform is powered by the Ethereum-based LET token.

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