VVS Finance (VVS) is an automated market maker (AMM) DEX, which claims to be the first AMM on the Cronos blockchain. Launched at the end of 2021, VVS stands for "very-very-simple," hence the mission of bringing cryptocurrency and blockchain technology to the mainstream, and make DeFi easy to use.
Its ecosystem of products include Bling Swap, Crystal Farms, Glitter Mine, IGO and it offers low fees, and high transaction speeds. With VVS, users gain access to a simplified decentralized protocol where they can be liquidity providers and VVS miners.
VVS Finance operates on top of Cronos for fast and secure transactions with relatively low fees. Cronos is EVM-compatibility, which creates an EVM-like code execution environment for developers and contributes to the growth of the ecosystem. Cronos also offers IBC integration to the Cosmos ecosystem.
## Who Are the Founders of VVS Finance?
VVS Finance was founded by a group of passionate individuals with diverse backgrounds and a shared love for DeFi. Coming from a deep product design background, this team of humble farmers came together with a common mission - to build DeFi products that are accessible to everyone, including their aunts and neighbors. Their ultimate goal is to bring amazing protocols to the masses and make DeFi a simple and enjoyable experience for all users.
## What Makes VVS Finance (VVS) Unique?
VVS Finance applies an automated market maker model, meaning that there are no order books or middlemen, but there are liquidity pools, which facilitates transactions between assets on the DEX.
Some of the key features of VVS Finance include:
Liquidity provision. Any user can become a liquidity provider by adding tokens to a liquidity pool. In order to start trading through liquidity pools, users are required to pay swap fees to liquidity providers or LPs (fees are stored in reserves of liquidity pools). LPs receive two-thirds of swap fees (0.2% of the trading volume), while one-third is held in the Treasury of VVS Finance.
Bling Swap. The system allows users to swiftly and seamlessly exchange tokens and other AMMs between multiple liquidity pools. The trading fee is 0.3% and is shared between LPs and the platform. Users have the opportunity to earn by providing liquidity.
Crystal Farming (Crystal Farm). In Crystal Farms, LPs can earn rewards in the form of VVS tokens for staking LP tokens. However, the rewards from crystal mining (high profit) are only available for a limited period of time.
Glitter Mining (Glitter Mine). The feature allows to stake VVS and earn more tokens of partner projects through auto compounding (users place predictions on the coin and earn interest).
Initial Gem Offerings (IGOs). The IDO platform on the Cronos blockchain provides users with early access to exclusive token sales of upcoming projects in the ecosystem, while project owners receive cooperation with VVS Finance, a project launch on one of the leading platforms as part of the IGO, as well as an impressive and rapidly growing user base.
How to Buy VVS on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing VVS. Some reputable platforms include HTX、Bybit、Bitget, and others.
Step 2: Register an Account
Here, we'll register an account on the Bybit(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing VVS.
Step 5: Purchase VVS
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of VVS you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy VVS.
Step 6: Store Your VVS
After purchasing, you can choose to store your VVS in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and VVS assets, be sure to use a strong password and enable two-factor authentication.
VVS Price:VVS Finance is your gateway to the world of decentralized finance (DeFi), designed with simplicity in mind. We make it easy for anyone to swap tokens, earn high yields, and most importantly, have fun while trading!The price fluctuates daily, you can go to the exchange: Bybitto check the price.
Recommended Similar Coins: CRO、ELON