How to Buy Veno (VNO) and Start Your Liquid Staking Journey?
Image credit:@VenoFinance
CoinCheers introduces Veno, is an innovative liquid staking protocol that allows users to stake their CRO and receive the auto-compounding, yield-bearing receipt token LCRO. By owning LCRO, users can freely utilize it across the Cronos DeFi ecosystem, maximizing the utility and value of their staked CRO. If you're interested in participating in Veno's liquid staking and want to buy VNO, this article will guide you through the process.
How to Buy Veno (VNO) on KuCoin and Binance?
Step 1 Create an Account on KuCoin and Binance: To buy VNO and start your liquid staking journey, you'll need to create an account on reputable cryptocurrency exchanges like KuCoin and Binance. Visit the official websites of KuCoin and Binance and sign up for an account. The registration process is straightforward and requires providing some basic information.
Step 2 Deposit Funds into Your Accounts: Once your accounts are set up, deposit funds into your KuCoin and Binance wallets. You can choose from various deposit methods, including bank transfer, credit card, or cryptocurrency transfer. Ensure that you have sufficient funds to purchase VNO.
Step 3 Navigate to the Trading Platform: On KuCoin and Binance, find the trading platform or spot market section. This is where you'll be able to buy VNO.
Step 4 Search for the VNO Trading Pair: Use the search function on the trading platform to locate the trading pair that matches VNO. For example, if VNO is paired with Bitcoin (BTC), look for the VNO/BTC trading pair.
Step 5 Place a Buy Order: Enter the amount of VNO you wish to purchase and set the price at which you're comfortable buying. Review the order details and confirm your purchase. Make sure to double-check the transaction before finalizing it.
Step 6 Secure Your VNO: Once your order is successfully executed, you'll see the VNO in your spot wallet on both KuCoin and Binance. It's advisable to transfer your VNO to a secure wallet of your choice for enhanced protection.
Why Choose Veno for Your Liquid Staking Needs?
Veno offers several compelling reasons to consider it for your liquid staking needs:
1. Vertically Integrated Protocol: Veno is a vertically integrated liquid staking protocol, ensuring reliability and efficiency in its services. By leveraging its own node infrastructure and deep expertise in running node infrastructure, Veno provides a price-competitive service in the long term.
2. Cost Savings and Reliability: Through its infrastructure and partnerships, Veno achieves cost savings and reliability. The platform's enterprise-grade node setup and insurance module help secure user funds in the unlikely event of a slashing penalty.
3. Maximized Adoption and Utility: Veno aims to maximize the adoption and utility of its tokens across the Cronos Ecosystem. By working with major ecosystem partners, Veno strives to attract capital, minimize spreads, and offer high reliability and low fees.
4. Auto-Compounding and Composability: Veno's liquid staking token LCRO is an auto-compounding yield-bearing token that maximizes composability. By owning LCRO, users automatically accrue the CRO staking yield value, enhancing the value of their holdings.
5. VNO Native Token: Veno's native token, VNO, can be utilized across the Cronos Ecosystem. It offers various use cases, including participation in rewards and boost farming in platforms like Reservoir or Fountain, providing users with additional yields.
In conclusion, Veno's liquid staking protocol presents an opportunity to stake CRO and receive the auto-compounding, yield-bearing token LCRO. By following the steps outlined above, you can buy VNO on KuCoin and Binance, two reputable cryptocurrency exchanges. Maximize the value and utility of your staked CRO by engaging with Veno's liquid staking ecosystem.
Disclaimer:
Investing in cryptocurrencies involves risks, and it's crucial to conduct thorough research and exercise caution. The cryptocurrency market is highly volatile, and prices can fluctuate significantly. Only invest what you can afford to lose, and seek professional advice if needed.