COINHOT – FIO Protocol (FIO) is a blockchain protocol that aims to enable a better way of sending or receiving coins and tokens. FIO Coin or FIO Token is a native utility token from the project’s blockchain infrastructure, FIO Chain and is used for “gas fee” transactions and on-chain governance.
Reported from Coinmarketcap, Thursday (21/4/2022), the FIO chain uses a Delegated Proof-of-Stake (DPoS) system to reach a blockchain network consensus. Block producers are selected by FIO token holders through on-chain voting. Anyone can sign up to be a Block Producer and generate blocks if they receive enough votes.
The FIO protocol will be supported by a utility token (FIO). FIO tokens will be used to pay for transactions processed through the FIO Chain. To store a token or FIO domain address, users only need a private or public key pair, and all transfers can be made using the FIO public key.
This allows FIO Token support without any special functionality. FIO tokens support the SLIP-44 standard. When the user chooses to return the initial phrase from one wallet to another, the FIO Token as well as the FIO Address and Domain will be restored.
FIO Coin price
Based on Coinmarketcap data, Thursday (21/4/2022), the price of FIO Coin is Rp 1,474.11 with a 24 -hour trading volume of Rp 606,344,071,277.
FIO is down 1.73 percent in the last 24 hours. Meanwhile, the current Coinmarketcap ranking is 558 with a market capitalization of Rp 720,975,220,068. To date, there has been a circulation of 489,092,447 FIOs from a maximum supply of 1 billion FIO Coins.
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Previously, Venus (XVS) was a DeFi lending platform that served as an algorithmic money market and synthetic stablecoin protocol launched exclusively on Binance Smart Chain (BSC).
Reported from Coinmarketcap, Thursday, April 21, 2022, this mechanism allows users to borrow and lend instantly without intermediaries. In this system, borrowers can borrow script -based loans at a lower cost, and lenders are given incentives to provide loan services.
Venus is built and hosted on Binance Smart Chain, which means its token, XVS or Venus Coin, is a BEP-20 token.
The Venus system also enables the printing of Stablecoin called VAI. VAI is stableecoinBEP-20 and is pegged to the US dollar. The Venus system allows users to print VAIs with a variety of cryptocurrencies supported as collateral, including Binance Coin (BNB), USDT, USDC, Swipe (XSP), BUSD, and Venus Coin (XVS). All tokens supported on Venus are standard BEP-20 tokens.
XVS tokens are used in network governance where XVS holders can propose changes to the network and vote on proposals regarding the addition of new guarantees, protocols, enhancements, and other important elements.
How Does Venus Work?
Users can access the Venus loan protocol to borrow and lend cryptocurrency -based funds. The network is easy to use, so it is designed to calculate the amount of loans a user takes out based on the collateral deposited.
Users can borrow crypto funds by depositing multiple cryptocurrencies supported on the Venus protocol at a transparent and low cost in an automated marketplace without intermediaries.
Who is the Founder of Venus?
The Venus Protocol was founded and developed by the Swipe project development team, led by Joselito Lizarondo. Swipe is a global issuer of cryptocurrency debit cards, while the same team designed the Venus lending protocol to meet the needs of the DeFi protocol.
Venus (XVS) was launched in 2020 and is a relatively new project in the DeFi sector with three core use cases. Venus was created with the idea of enabling the printing of VAI stablecoin, secured loans, and providing incentives to suppliers of collateral assets supported by the protocol.
No XVS coins are previously mined for the developer or the Venus team, so the holder has full control over the network and its tokens.
Venus Coin (XVS) Price
Based on Coinmarketcap data, Thursday (21/4/2022), the price of XVS is Rp 156,093 with a 24 -hour trading volume of Rp 321,883,036,660.
XVS is down 0.21 percent in the last 24 hours. Meanwhile, the current Coinmarketcap ranking is 331 with a market capitalization of Rp 1,899,732,931,314. Until now, there has been a circulation of 12,170,524 XVS supplies from a maximum supply of 29,960,733 XVS.
Previously, Efforce (WOZX) was a tokencryptocurrencyasli from the Efforce energy efficiency platform. Launched in December 2020, this project and token is the brainchild of Steve Wozniak, one of Apple’s founders.
Reported from Coinmarketcap on Wednesday, April 6, 2022, Efforce’s main goal is to democratize the energy efficiency industry, which to this day still faces financial problems and global reach.
WOZX Coin serves as a medium through which the energy savings made on the Efforce platform are given tokens for use by each user.
Founder of Efforce
True to its name, (WOZX) was founded and developed by Steve Wozniak, the IT maestro known around the world for co -founding Apple with Steve Jobs.
Wozniak had stated at the time, one of his main goals was to improve energy efficiency in emerging technologies, with Apple going to focus on smaller, more efficient machines.
Efforce continued that ethos, with an official press release at launch describing the product as “the first decentralized platform that allows everyone to participate and financially benefit from energy efficiency projects around the world, and create meaningful environmental change.”
The other company founders are Jacopo Vanetti and Andrea Castiglione who have more than a decade of experience in the energy efficiency industry.
