VVS
Reputation Ratings

VVS

VVS Finance 2-5 years
Cryptocurrency
Website https://vvs.finance/
Browser
OTH RELPs
White Paper
VVS Avg Price
0.00%
1D

$ 0.00000216 USD

$ 0.00000216 USD

Market Cap

$ 99.077 million USD

$ 99.077m USD

24h trading volume

$ 103,082 USD

$ 103,082 USD

7d Vol

$ 1.043 million USD

$ 1.043m USD

Circulating supply

47.201 trillion VVS

Related information

Issue Time

2021-11-22

Platform pertained to

--

Current price

$0.00000216USD

Market Cap

$99.077mUSD

Volume of Transaction

24h

$103,082USD

Circulating supply

47.201tVVS

Volume of Transaction

7d

$1.043mUSD

Change

24h

0.00%

Number of Markets

75

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VES

Current Rate0

Available

0.00USD

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VVS Price Chart

Introduction

Markets

3H

0.00%

1D

0.00%

1W

0.00%

1M

-12.71%

1Y

-3.87%

All

-98.13%

AspectInformation
Short NameVVS
Full NameVVS Finance
Founded Year2021
Main FoundersGary Or,Kris Marszalek
Support ExchangesVarious including Crypto.com Exchange
Storage WalletAny wallet that supports CRO-network tokens, including Crypto.com Defi Wallet
Customer SupportTwitter: https://twitter.com/VVS_finance

Overview of VVS Finance(VVS)

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.

Overview of VVS Finance(VVS)

Pros and Cons

ProsCons
Offers yield farming and staking opportunitiesRelatively new with limited history
Built on the scalable Cronos networkCryptocurrency value can be volatile
VVS tokens have governance utilitySmart contract risks such as bugs or exploits
Automated and secured by blockchain technologySubject to potential regulatory changes
Pros and Cons

Crypto Wallet

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.

Crypto Wallet

What Makes VVS Finance(VVS) Unique?

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.

Additionally, the VVS token serves dual purposes - not only as a means of transaction but also as a governance token. Governance tokens are used to offer holders the right to vote on platform developments and directional changes, thereby creating a more inclusive and democratic DeFi environment.

How Does VVS Finance(VVS) Work?

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.

Exchanges to Buy VVS Finance(VVS)

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

  • Create a Coinbase account: If you don't have one already, sign up for a free account on Coinbase.
  • Verify your identity: Complete the verification process to enable USD purchases and higher transaction limits.
  • Add a payment method: Link your PayPal account to your Coinbase account.
  • Go to the “Buy” section: Navigate to the “Buy” section on the Coinbase platform.
  • Search for VVS: In the search bar, type “VVS Finance” or “VVS” to find the cryptocurrency.
  • Enter the amount: Choose the amount of VVS you want to purchase using USD.
  • Review and confirm: Double-check the purchase details, including the amount, price, and fees, before confirming the transaction.
  • Exchanges to Buy VVS Finance(VVS)

    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.

    How to Store VVS Finance(VVS)?

    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.

    3. Online Wallets: Online wallets are web-based services that store users' private keys on their servers. These offer the benefit of being accessible from anywhere but rely heavily on the security measures employed by theXT.COM: Offers trading pairs for VVS with USDT, BTC, ETH, TRX (TRON), and a few additional tokens. service provider.

    How to Store VVS Finance(VVS)?

    Is It Safe?

    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.

    Rug Pull Risk: Despite operating within a reputable ecosystem, there's always a risk of malicious actors attempting to exploit vulnerabilities within the platform for personal gain. Investors should remain cautious and conduct thorough research before investing in any cryptocurrency project.

    How to Earn VVS Finance(VVS)?

    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.

    3. Risk-Takers: Like all cryptocurrencies, investing in VVS comes with a considerable level of risk due to the inherent volatility of digital currencies. Thus, it might be suitable for those who have a higher risk tolerance and are prepared for potentially significant value fluctuations.

    4. Tech-Savvy Investors: Individuals or entities with a strong understanding of blockchain technology and the operation of DeFi platforms might potentially navigate the complexities of VVS Finance.

    FAQs

    Q: How can users earn from participating in VVS Finance?

    A: Users of VVS Finance may earn rewards through yield farming, staking, and providing liquidity.

    Q: What functionality does the native token of VVS Finance, VVS, serve?

    A: The VVS token is utilized for transactions within the platform and for governance voting.

    Q: Is VVS Finance a long-established cryptocurrency platform?

    A: No, VVS Finance is relatively new to the decentralized finance space.

    Q: Can the value of VVS Finance's cryptocurrency fluctuate significantly?

    A: Yes, like all cryptocurrencies, VVS Finance's tokens can witness rapid value fluctuations.

    Q: What are some potential risks involved in partaking in VVS Finance?

    A: Some potential risks of VVS Finance include market volatility, smart contract vulnerabilities, and regulatory changes.

VVS Market

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Dory724
VVS Finance introduces innovative financial products on the blockchain. Its approach to decentralized finance aims to provide users with diverse and efficient investment options.
2023-11-30 19:10
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