Item: vXRP
Rating: 3.00

Related information

Issue Time

2020-12-12

Platform pertained to

Current price

$0.0109USD

Market Cap

$0.00USD

Volume of Transaction

24h

$0.00USD

Circulating supply

0.00vXRP

Volume of Transaction

$0.00USD

Change

24h

0.00%

Number of Markets

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WikiBit Risk Alerts

Previous Detection 2024-10-13

WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!

vXRP Price Chart

Introduction

Markets

0.00%

+0.51%

+8.56%

All

+7.4%

No data

Venus XRP is a synthetic stablecoin on the Venus Protocol, which operates on the Binance Smart Chain. This platform is designed to enable users to utilize their cryptocurrencies by supplying collateral to the network in return for minting VAI, the protocol's native stablecoin, or synthetic stablecoins pegged to other assets like XRP.

Venus XRP specifically allows users to engage with the XRP cryptocurrency in a decentralized finance (DeFi) setting, offering them opportunities for lending, borrowing, and earning interest. By using XRP as collateral, users can borrow against their holdings or earn yield without selling their assets. This integration of XRP into the Venus Protocol enhances liquidity and utility for holders of this popular cryptocurrency within the DeFi ecosystem.

The platform emphasizes security, efficiency, and ease of use, making it accessible for both seasoned crypto enthusiasts and newcomers interested in exploring DeFi opportunities with XRP.

User Reviews

11 ratings

Participate in evaluation

Jack63310

The technology behind vXRP lacks scalability, hindering its potential for real-world applications and market demand. Team transparency and track record are also questionable, impacting user trust and developer engagement. There are concerns about token distribution and sustainability, while regulatory uncertainty adds to the competitive challenges vXRP faces. Community sentiment and activity levels fluctuate, reflecting the overall volatility and risk associated with this cryptocurrency.

2024-06-13 12:41

John？

The uncertain regulatory climate surrounding vXRP is causing concern among investors, impacting market dynamics and hindering its growth potential.

2024-05-22 16:49

Daniel Chong

The project shows potential but lacks stability and market acceptance. Team reputation and transparency are questionable. Security audits and community trust are concerning. Regulatory uncertainty may impact future growth. Need to differentiate from competitors and improve communication with the community. Volatility is high, posing risks to long-term success. Market cap and liquidity are key considerations for potential investors.

2024-05-20 13:46

Sam79384

The consensus mechanism of vXRP Technology lacks transparency and efficiency, showing potential but falling short on practical applications and market demand. The team's reputation and experience are questionable, and security concerns remain. Community engagement and developer support are lacking, hindering its long-term potential and value proposition.

2024-04-11 15:48

ChongHang Lee

The community engagement and developer support for vXRP is lacking in depth, leaving users feeling disconnected and frustrated.

2024-04-09 10:25

Nabeel Yafai

The volatility of vXRP presents a moderate level of risk, offering potential for gains but requiring caution. Engaging and insightful analysis.

2024-05-22 13:07

Lotfi Saidani

The technology scalability of vXRP is impressive with its innovative blockchain solutions and consensus mechanisms showing great potential. It addresses market demands effectively and has a strong developer community. However, there are concerns regarding security and regulatory challenges that need to be addressed. Overall, vXRP's scalability sets it apart from its competitors in the market.

2024-05-21 19:58

Dahmykesh

Impressive level of transparency from the team. Detailed insights provided create trust and engagement within the community. Great work!

2024-05-28 11:33

ming82454

Exciting updates on vXRP Adoption's development progress and community engagement! Promising growth potential with strong market demand and active user base. Curious to see how it fares against competitors in the long run.

2024-07-19 19:36

Agus Lienardy

Innovative blockchain technology with scalable consensus mechanism and strong anonymity. Practical applications addressing market demands. Experienced and transparent team with solid track record. Growing user and developer adoption. Sustainable tokenomics with fair distribution. Robust security and community trust. Potential regulatory challenges. Unique competitive edge. Engaged community and developer support. History of price volatility with promising long-term potential. Strong market value and liquidity, backed by fundamental growth.

2024-04-22 12:20

hs tan

Innovative tokenomics model with sustainable economic incentives and built-in mechanisms for growth. Exciting potential for long-term value creation and community engagement. Impressive balance between reward distribution and market stability. A disruptive force in the digital asset space.

2024-03-10 15:55