Introducing VNX Community Hub – decentralized app built by and for the community that will be the heart of the VNX Ecosystem - VNX
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Introducing VNX Community Hub – decentralized app built by and for the community that will be the heart of the VNX Ecosystem

We’re excited to welcome the VNX Community Hub, a community-driven, decentralized platform built to accelerate the adoption of VNX stablecoins across new markets and ecosystems.

VNX Community Hub is a decentralized application and a utility token, known as the VNX token, will serve as the backbone of the entire decentralized ecosystem. The initiative reflects the growing interest from the community to contribute to the expansion and usability of VNX stablecoins in a decentralized and inclusive way. 

As the generator of VNX stablecoins, VNX welcomes the initiative of fostering decentralized use cases and believes it is important to provide the community with an opportunity to independently explore and define the markets as well as directions for further development. Decisions regarding the Hub’s development, operations, and token are made solely by its contributors. VNX original intent in launching VNX stablecoins was to give people more freedom to transact in the currencies they are most familiar with – and it is only logical that their voices help shape the evolution of the ecosystem.

We acknowledge that regulatory landscapes in our industry are complex and continue to evolve. That’s why we are  therefore particularly excited about the VNX Community Hub platform, helping to drive innovation and engagement in new directions. We are ready to provide our support where possible, including exploring potential ways to assist with liquidity provision in a compliant manner, under applicable regulatory frameworks..

While VNX corporate entities remain independent from the Hub, we welcome the VNX Community Hub as part of the broader VNX ecosystem and are committed to supporting this initiative as it continues to grow and evolve. We’re also thrilled to see that the VNX Community Hub and their VNX token have been selected as part of the Draft Picks program by BorgPad – a next-generation, on-chain launchpad developed by SwissBorg, a platform trusted by over 1 million users worldwide.

The VNX token will serve as the core of the VNX Community Hub, enabling users to stake, provide liquidity, and trade to generate yield. When staking VNX token, users receive non-transferable veVNX (voting escrow) tokens, which grant governance rights in the decentralized ecosystem  and allow participation in key protocol decisions, such as allocating rewards and adding new pools. veVNX holders can also boost their yield from liquidity provision, making these tokens central to both governance and utility. VNX token and veVNX will unlock comprehensive DeFi utilities for the VNX stablecoins, powering liquidity pools, customized yield strategies, and broader integrations across the ecosystem. This dual-token model empowers the community to shape the development of VNX stablecoin markets. As the VNX Community Hub platform evolves, VNX token and veVNX holders will gain access to expanding privileges, enhanced incentives, and deeper utility across DeFi applications.

Learn more about the VNX Community Hub: Gitbook I X I Discord I Telegram

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