Victory Token allows users to use their cryptocurrencies by providing tokens (VIT) to the network to earn passive income by providing both collateral and liquidity.
What is the benefit of Victory Token?
Create a secure lending platform. Lenders receive an accrued interest rate per block, while the borrower pays interest on the borrowed cryptocurrency. Providing liquidity conducive to the continuation and resilience of the ecosystem. Manage select protocol features that support flexibility and community ownership. Ability to buy and bid on NFT collectibles.
The project token will become the first token to provide a DEX swap, allowing users to create LP and liquidity itself to generate high yields and increase the price/volume of VIT by allowing users to borrow and deliver assets through smart contracts.
V1 of the project will focus on the Binance Smart Chain network, which provides low fees and high security, V2 of the project will be connected to other networks such as Ethereum, allowing cross-chain lending through aTokens.
Benefits of VictoryToken:
| 1 | BEP20 token exchange and liquidity mining. |
| 2 | Borrow cryptocurrencies and stablecoins with collateral lending through the BSC network. |
| 3 | Supply cryptocurrencies and stablecoins and earn high APY for providing liquidity to the protocol. |
The Victory token will be managed by the aToken (VIT). VIT will be issued up to a maximum of 10,000,000 tokens throughout the growth of the lending platform and to provide liquidity to the DEX swap. Both lenders and borrowers will get rewards with VIT tokens for using the lending protocol and liquidity providers for providing liquidity for the DEX exchange. The reward for the distribution of VIT tokens will be valid for six years.
Additional information about the VIT token
Victory Token will also block 5,000,000 VIT. The token will be sold through the Victory Auction and DEX exchange with an additional initial distribution offer for the development of the project. Early investors, who use the system lock at this early stage, will be generously rewarded with tokens through the bonus system. The token can also help to vote in the Victory Token holder management system.
Victory Auction — an open source set of smart contracts, designed to facilitate the process of launching a new project on the Victory Swap exchange. Victory Auction aims to raise new capital and trade on the exchange by increasing the attractiveness of Victory Swap as a place for token creators and communities to launch new project tokens.