VNO is Veno Finance's protocol native token and works as their governance token functional across the Cronos blockchain. It's popular as you can lock the token on either the Reservoir or the Fountain to earn revenue and incentives. VNO's use cases include staking it to earn rewards and boosting farming. You can lock your token in the Fountain to earn additional yields. Users can also use it in Veno Garden to earn more VNO incentives. The token has a total supply of 2 billion allocated to IDO, Marketing and Partnerships, Community Development, Ecosystem and Treasury, Liquidity Management and Services, and Staking Incentives.
A Bit About Veno Finance
VNO is Veno Finance's native token, with a total supply of 2,000,000,000. It's a token built on the Cronos Ecosystem. It has two vaults where one can deposit the token; the Reservoir and the Fountain. You can deposit VNO into different vaults in the Fountain and Reservoir to earn additional yields. VNO allows users to access the features of the Veno Finance Platform, for instance, staking and liquidity provision, and rewards users for participating in the ecosystem. VNO uses decentralized and secure technology to provide users with a secure trading platform and manage the tokens. The token works with cutting-edge security features such as secure smart contract functionality and a user-friendly interface, which simplifies how to use VNO. Users can lock VNO in the Reservoir and the Fountain for specific lock durations, which determine the proportion of rewards and incentives they will receive. You can lock the tokens for three months, 12 months, 48 months, and 96 months.
High potential finance and staking coinCryptoLists.com
It represents Veno Finance, a liquid staking protocol with several use cases. Its total allocation is divided into Community Development, IDO, Ecosystem and Treasury, Marketing and Partnerships, Staking Incentives, and Liquidity Management and Services. Popular uses include boosting farming and rewards participation. Users can deposit and lock VNO in different vaults to earn more yields. It is used to receive real WCRO rewards in the Reservoir and to earn extra VNO when you deposit in the Fountain.
Utility of Veno Finance?
VNO token offer staking rewards across the Cronos Chain and other utility in the Reservoir, the Fountain, and Veno Garden. Users can lock VNO in exchange for CRO revenue in the Reservoir between lock durations of 3 months, 12 months, 48 months, and 96 months. The duration and quantity of VNO you lock determines the proportion of revenue that will be shared with you. However, VNO stakers could receive an exit penalty that could result in the loss of their CRO.
Users receive VNO incentives when they utilize LCRO and VNO across the Cronos system. Users can stake certain liquidity pools or variants of Veno-issued tokens within the Veno Platform. Users receive a large proportion of VNO emissions under the Garden depending on the quantity and duration, especially if it's more than in the Reservoir or the Fountain.
Veno Finance Price detailsCRO Contract address: 0xdb7d0a1ec37de1de924f8e8adac6ed338d4404e9
›› Details & Tokenomics
Advantages of Veno Finance+ You can deposit VNO into different vaults, including The Reservoir and Fountain.
+ You can access the token on reputable crypto exchange, VVS Finance.
+ VNO coins boost farming for higher yields in VVS Finance.
+ The token has a relatively high rising value hence increased demand.
+ Users receive large portions of VNO emissions under Veno Garden.
Disadvantages- It is relatively new to the market hence uncertainty over its performance.
- The token is subject to regulatory uncertainty and government action.
- VNO is available in limited crypto exchanges.
- A Reservoir VNO staker risks losing its CRO revenue.
- You may be affected by the token's price volatility.
Costs▪ Rated at 8/10
VNO costs depend on the wallet you connect to Veno Finance, as the charges vary. Users can buy Veno Finance at cryptocurrency exchanges such as VVS Finance. The costs of transactions depend on the preferred cryptocurrency exchange. The number of tokens you stake will determine the costs you incur.
Reputation and Buzz▪ Reputation rated at 8/10
▪ Buzz rated at 8.5/10
It's relatively new, but it is promising. People like that you can use it on the Reservoir and the Fountain to earn rewards and incentives. It's considered a reputable token in the Cronos Ecosystem as it works under a seamless and user-friendly platform. It has several use cases, such as participating in governance decisions, providing liquidity, and earning rewards through staking.
It is seen as a reliable and transparent DeFi project that offers users unique features and benefits. It has a strong community of investors and supporters and is widely traded on cryptocurrency exchanges. Overall, it has a positive reputation and is seen as a suitable token in the DeFi space.
Which is the top cryptocurrency exchange for trading in Veno Finance stock?
Currently, you can trade VNO tokens on VVS Finance.
What is the maximum supply of VNO tokens?
There is a total supply of 2,000,000,000 VNO coins.
History of Veno Finance
17th January 2023 – VNO IGO reached a maximum of 200%. Users can stake into VVS/VNO Farm and VNO Mine.
18th January 2023 – Veno Finance token page was launched on the Veno Finance protocol to provide various utility for users to earn rewards.
28th January 2023 – Twitter announces that Reservoir VNO stakes bear a risk of a splashing penalty which could cause a loss in their CRO.