## What Is Vai (VAI)?

Vai is a decentralized stablecoin built on the Venus Protocol that runs on the Binance Smart Chain.

Venus Protocol, launched in 2019, is governed by the XVS token. The latter was designed to be a fair launch cryptocurrency with no preliminary allocation to the project’s founders or its team. It can be earned through Binance Launchpool by providing liquidity to the protocol.

Vai, powered by the Venus Protocol, claims to be the first decentralized stablecoin on the Binance Smart Chain that is backed by a basket of stablecoins and other crypto assets without centralized control. Being powered by Binance Smart Chain allows Vai to offer its users a high-speed, low-fee money market.


### Who Are the Founders of Vai?

XVS is distributed via a fair-launch mechanism with no founder and team allocations. It is backed by a well-funded organization Swipe, a Binance portfolio company. Swipe was founded by Joselito Lizarondo, who is also the company’s current CEO.


#### What Makes Vai Unique?

The Venus protocol is governed by its native token XVS which can be mined by liquidity suppliers, protocol borrowers and stablecoin miners. 

The protocol itself introduces an easy-to-use crypto-asset lending and borrowing solution to the decentralized finance ([DeFi](https://coinmarketcap.com/defi/)) ecosystem. It enables users to directly borrow against collateral at higher speed and lower transaction fees. Venus also allows users to mint the VAI stablecoin on demand by depositing at least 200% collateral onto the Venus smart contract.

The people who source liquidity through the Venus Protocol do not have to pass credit checks and can take out a loan by interacting with the Venus decentralized application ([DApp](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps)). Due to the fact that it is not governed by a central authority, Venus users are not subjected to arbitrary restrictions and can always source desired liquidity by posting sufficient collateral.

The loans are then provided from a pool that is contributed by the Venus users, who can, in turn, receive an annual percentage yield (APY) for their contributions. The Venus Protocol also utilizes price feed oracles that provide accurate pricing data.


#### Related Pages:

Learn more about [Qtum](https://coinmarketcap.com/currencies/qtum/).

Learn more about [Digital Money Bits](https://coinmarketcap.com/currencies/digital-money-bits/).

Learn about the difference between Uniswap and PancakeSwap on [CMC Alexandria](https://coinmarketcap.com/alexandria/article/uniswap-vs-pancakeswap).

Stay in the loop on all things crypto with the [CoinMarketCap blog](https://coinmarketcap.com/alexandria/categories/blog).


#### How Many Vai (VAI) Coins Are There in Circulation?

Vai (VAI) has a circulating supply of 160,567,211 tokens and a total supply of 160,704,318 as of March 2021.


### How Is the Vai Network Secured?

The Vai network is fully secured by the Binance Smart Chain. It is compatible with the Ethereum Virtual Machine ([EVM](https://coinmarketcap.com/alexandria/glossary/ethereum-virtual-machine-evm)) and can run even if the Binance Chain itself goes offline. Binance Smart Chain makes use of the proof-of-staked authority (POSA) consensus mechanism.


### Where Can You Buy Vai (VAI)?

Vai (VAI) can be traded on the following exchanges:



*   [Binance](https://coinmarketcap.com/exchanges/binance/)
*   [Venus](https://coinmarketcap.com/exchanges/venus/)
*   [PancakeSwap](https://coinmarketcap.com/exchanges/pancakeswap/)

Read CoinMarketCap’s dedicated guide on how to [buy Bitcoin](https://coinmarketcap.com/how-to-buy-bitcoin/) if you want to learn more.


MetaMask

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Bifrost is a multichain middleware platform that enables developers to create Decentralized Applications (DApps) on top of multiple protocols. Not restrained to a single blockchain, Bifrost creates a new environment where developers can combine the best protocols to develop substantially more scalable and flexible DApps.

With Bifrost, developers can write smart contracts for multiple blockchain protocols in an unified environment. They simply select the target blockchain for each part of the code, then Bifrost will transpile, compile, and deploy the code into the target blockchains at once. Developers can also easily operate their DApps and even switch the target blockchain as new and better protocols become available.

Bifrost has multiple components that allow for a seamless connection among all blockchains:

Recipe: A language application that defines the programming language of Bifrost and generates smart contract codes with guaranteed code-level flexibility.

Linker: A system that connects the user and Bifrost components, ensuring the seamless operation on top of multiple blockchains.

Builder: An Integrated Development Environment (IDE) that offers a customized environment to use the comprehensive suite of features of Bifrost.

Gourmet: An automated testing environment for Bifrost service and smart contract development, updating with the latest technologies for blockchain.

Scan: A dashboard that provides you with a full view of the internal process of Bifrost and shows your blockchain interconnectivity in diagram.

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ABBC Coin was initially known as Alibabacoin but changed its name in March 2019 following a dispute with Chinese multinational e-commerce giant Alibaba.

ABBC Coin

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There were some issues with the peg in the original mechanism, but through a series of governance upgrades the protocol recovered in the months following launch.

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Fei USD

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Adventure Gold was launched on Sept. 2, 2021, and allowed each owner of a Loot NFT to claim 10,000 tokens for free. With the price of AGLD skyrocketing in the initial days of trading, this airdrop was worth as much as $70,000 per NFT. AGLD founder Will Papper claimed he wanted to set a standard for projects building on Loot by providing a currency for the decentralized gaming universe.

Adventure Gold

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Aergo describes itself as an open-source enterprise blockchain platform optimized for hybrid deployments, which consist of both permissioned and permissionless blockchain architectures. It includes support for SQL allowing for easy data handling and familiar smart contract programming for developers.

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