VXT token — The gateway token for global stablecoins and DeFi world
VirogX is known for being the world stablecoin trading center. At VirgoX, various types of stablecoins(Fiat backed, Crypto backed, Algorithm backed, and Asset-backed) are listed and integrated into the ecosystem. The use cases of stablecoins within the VirgoX ecosystem has gone beyond spot trading. The synthetic FX（Foreign Exchange） market powered by stablecoins is also available on the VirgoX platform on a 24/7 basis. It also includes stablecoin financial products, stablecoin borrowing, and lending with one token VXT as collateral, and more use cases are being evaluated and developed.
VirgoX is adding value to the ever-growing DeFi world by providing a trading venue for complete DeFi protocols with high potentials. VirgoX actively sources various existing and future DeFi protocols, allowing users to deposit assets in one place and earn the best possible yields without fussing about the steep learning curve. With DeFi Simple Earn, it saves crypto holders tremendous time and increases APY (Annual Percentage Yield).
We define VXT as the gateway token for the above two functions.
The key founding philosophy behind VXT is listed below:
Simplicity: VirgoX is aiming to bring the easiest experience for users who are interested in stablecoins and the future DeFi world. With massive growth opportunities underlying the two sectors, we empower users to ride the tide without extra efforts.
VXT is earned: Instead of selling the VXT token, VirgoX has decided to give out VXT to the community members who have contributed to the ecosystem and every activity that is beneficial to the ecosystem will be rewarded.
VXT connects Stablecoins and Defi world: In order to get access to the unique VirgoX’s ecosystem, holding VXT is the first step to unlock those opportunities. From the stablecoins perspective, VXT is entitling holders various benefits ranging from enhancing yields, reducing interest rates, to acting as collateral for lending. On the DeFi frontier, holding VXT will unlock the DeFi Simple Earn feature which allows holders to earn the best yields and specific project tokens among all existing and future DeFi protocols without the hassle to yield farming all day long. In the near future, VirogX users will also be able to consume VXT to access other DeFi protocol’s features on VirgoX portal. With a simple email registration, you can do anything ranging from as simple as wrapping your BTC to participating in a complex smart contract. VirgoX intends to make the DeFi world easily accessible by everyone.
A few key benefits of holding VXT and the list is expanding:
How to Earn VXT?
Participate in VirgoX Financial Products:
Users will not only receive yields on specific tokens they used to subscribe but also VXT as rewards.
VirgoX stablecoin loaning and borrowing
Users will need to commit VXT as collateral for the borrowing of stablecoins. For Users who can provide stablecoin liquidity to the pool, they will be rewarded extra VXT depending on the amount of stablecoin committed
Liquidity provision
For eligible LPs(liquidity providers), VXT will be rewarded to the LPs depending on the amount of liquidity provided to the platform
Various marketing and promotional activities.
Users can get VXT from several marketing campaigns such as trading contests, listing campaigns, etc.
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Token Model
Roadmap
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Telegram: https://t.me/VirgoX_official
Twitter: https://twitter.com/VirgoX_Exchange
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