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VNX Community Hub Announces Launch of the VNX Token
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We are pleased to share that the VNX Community Hub, an independent initiative supporting the growth and adoption of VNX-generated stablecoins*, has announced the launch of its governance and utility token — the VNX Token.
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The token will be deployed on Solana, one of the fastest and most scalable blockchain networks. The Alpha Sale will take place on SwissBorg on May 8, offering early supporters exclusive access. The official Token Generation Event (TGE) and public launch are scheduled for May 14, via BorgPad, a launchpad platform designed for long-term sustainable token growth.
We welcome this important milestone for the community and extend our support to the VNX Community Hub team in their efforts to drive innovation and adoption across the European stablecoin ecosystem.
Key functions of the VNX token:
Governance rights: When locked, VNX tokens grant governance power within the VNX Community Hub’s upcoming dApp.
Voting Escrow (veVNX):Users who stake VNX Token receive veVNX, a non-transferable governance token that allows to influence strategic protocol directions and shape incentive programs
Access to yield opportunities:Holding VNX Token unlocks participation in yield-generating liquidity pools built around VNX stablecoins*
Protocol incentives:VNX Token is used for staking and farming rewards, liquidity provision incentives, community contribution bonuses
Built-in price floor: A Perpetual Floor Strategy, developed by BorgPad and powered by Meteora’s DLM, ensures the token’s market price remains at or above its Token Generation Event (TGE) level, reinforcing long-term price stability.
If you’d like to explore the features and mechanics of the VNX token in more detail, please check comprehensive information in VNX Community Hub’s official documentation.
The launch of the VNX token and the development of the VNX Community Hub have been warmly welcomed by key partners and VNX itself. Alexander Tkachenko, Founder of VNX, highlighted the importance of community-led initiative and its potential to drive innovation:
“At VNX, we welcome this initiative to foster decentralized use cases and believe it’s essential to give the community the freedom to independently explore new markets and define future directions. We’re particularly excited about the launch of the VNX token and the growth of the VNX Community Hub — a platform that truly empowers users to drive innovation and engagement across the ecosystem. We wish the team every success in this important step forward.”
Anthony Lesoismier, Founder of BorgPad, also emphasized the project’s sustainable model and long-term value for participants:
“We’ve worked closely with the VNX Community Hub team to design a Perpetual Floor Strategy strategy built around transparent, performance-based KPIs. This approach doesn’t just align incentives — it creates a predictable and sustainable growth model that benefits everyone involved. We’re confident in the long-term potential of the project and proud to support a launch that offers real value to its participants.”
With stablecoins* — including VEUR, VCHF, VGBP and VNXAU (gold-backed commodity token)— gaining traction across DeFi and beyond, and already deployed across 11 blockchains and integrated with platforms such as SwissBorg, Curve, Wirex, and Shopify (via Helio Pay), the VNX ecosystem is positioned at the intersection of traditional finance and DeFi. The launch of the VNX token marks an important step forward in building a decentralized, community-driven foundation for European stablecoins — and we’re proud to support the VNX Community Hub on this mission.
*Term “stablecoin” used herein for marketing purposes. Characteristics of the fiat referencing tokens are described in the FRT Terms and Conditions available at www.vnx.li
