$ 0.00000463 USD
$ 0.00000463 USD
$ 231.503 million USD
$ 231.503m USD
$ 1.176 million USD
$ 1.176m USD
$ 7.075 million USD
$ 7.075m USD
47.3468 trillion VVS
Issue Time
2021-11-22
Platform pertained to
--
Current price
$0.00000463USD
Market Cap
$231.503mUSD
Volume of Transaction
24h
$1.176mUSD
Circulating supply
47.3468tVVS
Volume of Transaction
7d
$7.075mUSD
Change
24h
0.00%
Number of Markets
75
Current Rate0
0.00USD
3H
0.00%
1D
0.00%
1W
0.00%
1M
+105.41%
1Y
+31.59%
All
-96.02%
Aspect | Information |
Short Name | VVS |
Full Name | VVS Finance |
Founded Year | 2021 |
Main Founders | Gary Or,Kris Marszalek |
Support Exchanges | Various including Crypto.com Exchange |
Storage Wallet | Any wallet that supports CRO-network tokens, including Crypto.com Defi Wallet |
Customer Support | Twitter: https://twitter.com/VVS_finance |
VVS, short for VVS Finance, is a decentralized finance (DeFi) protocol launched in 2021. VVS operates on the Crypto.com ecosystem and is supported by the Crypto.com DeFi Wallet. VVS functions as an automated market maker (AMM) and allows users to swap and farm cryptocurrency through liquidity pools. This positions VVS primarily within the DeFi category, although it may also be associated with functionalities like NFTs and fan tokens due to its connection to the broader Crypto.com ecosystem.
Pros | Cons |
Offers yield farming and staking opportunities | Relatively new with limited history |
Built on the scalable Cronos network | Cryptocurrency value can be volatile |
VVS tokens have governance utility | Smart contract risks such as bugs or exploits |
Automated and secured by blockchain technology | Subject to potential regulatory changes |
The Crypto Wallet for VVS, as provided by Atomic Wallet, serves as a secure and user-friendly platform for storing, managing, and trading VVS tokens within the VVS Finance ecosystem. This wallet offers a range of features tailored to meet the needs of cryptocurrency investors, including a sleek and intuitive interface that simplifies the process of managing digital assets. With built-in security measures such as encryption and private key storage, users can trust that their VVS tokens are safeguarded against unauthorized access.
VVS Finance introduces some unique features compared to other cryptocurrencies in the decentralized finance (DeFi) space. It is developed on the Cronos network, a relatively new and scalable blockchain network, which allows VVS Finance to potentially handle high transaction volumes effectively.
One of the key differentiating aspects of VVS Finance is its emphasis on yield farming and staking. This model enables users to earn rewards by participating and contributing to the liquidity of the platform. The provision of such earning opportunities is present in some, but not all, cryptocurrencies.
VVS Finance operates under the principles of Decentralized Finance (DeFi), using smart contracts built on the Cronos blockchain network. The primary functions of VVS Finance revolve around yield farming, staking, and liquidity provision. Here's a closer look at each:
1. Yield farming: Users can lend their cryptocurrencies to liquidity pools on the VVS Finance platform, earning interest in return. The rates of return depend on the demand for that specific cryptocurrency in the market. The more users lend and borrow a specific token, the higher the interest rate.
2. Staking: VVS users can stake their VVS tokens in the staking pool. Staking involves locking up a number of tokens for a certain period, during which token holders can earn rewards. The staked tokens are often used for platform governance.
3. Liquidity provision: In VVS Finance, users can also add their assets to shared liquidity pools. These pools power the transactions on VVS Finance's decentralized exchange, allowing anyone to trade any pair of assets in the pool at any time. Providers of liquidity earn transaction fees from the trades that happen in their pool.
There are multiple exchanges currently supporting the buying, selling, and trading of the VVS Finance (VVS) token. Detailed below are five such platforms:
1. Crypto.com Exchange: Crypto.com is a widely recognized cryptocurrency exchange offering a broad range of trading pairs. VVS tokens can be purchased directly using the Crypto.com App. In this exchange, VVS can be traded with currencies including but not limited to USD, EUR, and GBP, and cryptocurrencies such as BTC and ETH.
See this link for details on how to buy VVS: https://www.coinbase.com/how-to-buy/vvs-finance
2. Binance: Binance is another major global cryptocurrency exchange that supports various tokens including VVS. The exact trading pairs supported will depend on the region and regulations. However, Binance usually provides extensive trading pairs including BTC, ETH, BNB, and USDT.
3. KuCoin: Known for its wide variety of supported cryptocurrencies, KuCoin may offer trading capabilities for VVS tokens. Paired tokens commonly include BTC, ETH, and USDT. Specific trading pairs should be confirmed on the platform.
4. Gate.io: Gate.io is a cryptocurrency exchange that provides a platform for trading and acquiring various crypto currencies including VVS. Common trading pairs include USDT, BTC, and ETH.
5. PancakeSwap: As a decentralized exchange, PancakeSwap allows for direct peer-to-peer trading of VVS tokens. It operates on the Binance Smart Chain, providing various token pair options including but not limited to BNB.
VVS Finance (VVS) tokens can be stored in any wallet that supports tokens on the Cronos network. Here are some options:
1. Hardware Wallets: These are physical devices designed solely for the storage of cryptocurrency. They offer a high level of security by keeping private keys offline and therefore reducing the risk of online attacks. An example of such a wallet is the Ledger Nano series. However, compatibility with Cronos tokens should be confirmed.
2. Software Wallets: These are applications that can be installed on a computer or a smartphone. While they do not offer the physical security of a hardware wallet, they do have layers of encryption and can be very secure if managed carefully. The Crypto.com DeFi Wallet is one such software Wallet that supports VVS tokens.
Whether VVS is safe to invest in depends on various factors, including your risk tolerance, investment goals, and understanding of the cryptocurrency market. Here are some considerations based on the provided information:
Established Ecosystem: VVS operates within the Crypto.com ecosystem, which can provide some level of reassurance to investors due to the credibility and track record of Crypto.com. However, while this association may offer some comfort, it doesn't guarantee the safety of VVS itself.
Security Measures: VVS claims to prioritize security and conducts smart contract audits. While these measures are positive signs, they do not guarantee complete immunity from security vulnerabilities or risks.
Market Volatility: Like most cryptocurrencies, VVS is subject to market volatility. This means its price can fluctuate significantly over short periods, which may lead to potential losses for investors. It's essential to assess whether you're comfortable with this level of volatility.
VVS Finance (VVS) may be suitable for several types of investors:
1. Cryptocurrency Enthusiasts: Individuals with a keen interest in the world of cryptocurrencies and decentralized finance (DeFi) might be drawn to VVS due to its features such as yield farming, staking, and governance voting rights.
2. Yield Seekers: Those interested in earning through yield farming, staking, or liquidity provision may find VVS Finance appealing. The platform offers an array of opportunities to earn returns through such methods.
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