What is VVS Finance by Crypto.com?
If you’re using the Crypto.com DeFi Wallet, you’ve probably noticed a little banner in the app that says “Earn up to xxx% APR on VVS Finance now – Learn More”. If you click on this Banner, you can Trade Cryptocurrencies and Earn Money by staking directly on vvs.finance. VVS Finance is integrated in the crypto.com’s DeFi Wallet, but can also be accessed with a Web Browser on your PC: https://vvs.finance/.
What is VVS Finance?
VVS Finance is the first AMM project on Cronos. If you know Uniswap, you will understand how VVS Finance works.
What is VVS Token?
Crypto.com says:
VVS Finance is designed with the goal of bringing amazing protocols to the masses. It is the simplest DeFi platform for everyone to swap tokens, earn high yields, and, most importantly, have fun. VVS Finance is an Automated Market Maker Decentralized Exchange, so there are no middlemen or order books involved unlike a traditional centralized exchange. VVS Finance has fine-tuned its Token Economics to offer incentives for all parties involved to foster the platform’s long-term sustainability and thriving. The VVS token is the governance token of the VVS Finance protocol, highlighting the features of Bling Swap, Crystal Farms, Glitter Mines, and the upcoming Initial Gem Offering (IGO). It adopts an emission model, where 50 trillion VVS will be produced the first year, halving every year thereafter (e.g. 25 trillion second year), with the per-block emission dependent on chain technical design.
So VVS Token is the governance token of the VVS Finance Protocol. 50 Trillion VVS will be produced in the first year and 25 Trillion in the second year, which means there is a halving every year. One halving every year could mean a nice price appreciation in the coming years, but we have to see how VVS Finance develops.
Is VVS Token a good Investment
This is no Investment Advise, and please do your own research.
At the time of this writing, the Market Cap of VVS is $3,934,523,924, which seems to be low. But the circulating supply is 4,967,467,870,578 right now, which equals only 4.97% of the Max Supply. VVS might be a good investment in the long run. But I don’t see a 100x price appreciation with the current emission model. We will see what the future brings and if they start to burn Tokens.
How to get VVS Tokens
1. Crypto.com App: You can buy VVS in the crypto.com App with Fiat Currencies or other Cryptocurrencies.
2. Crypto.com DeFi Wallet: You can swap WBTC, CRO, USDC, USDT ATOM, BIFI, DAI, DOGE, ELON, ENJ, LINK, SHIB, TONIC, WCRO and WETH for VVS in the DeFi Wallet.
3. VVS Finance: You can swap other Tokens for VVS on https://vvs.finance/
4. Earn on vvs.finance: You can stake pairs like CRO-ETH, CRO-WBTC, CRO-USDC, CRO-VVS, VVS-USDC, USDC-USDT, VVS-USDT, CRO-SHIB, CRO-USDT, CRO-DAI, CRO-BIFI, CRO-DOGE, CRO-ATOM, TONIC-USDC, CRO-ELON, CRO-TONIC in the Crystal Farms to receive VVS, or you can stake VVS in the Glitter Mines.
