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About VVS Finance
Key Points:
- VVS Finance (VVS) is an automated market maker (AMM) DEX on the Cronos blockchain.
- Launched in 2021, VVS aims to make DeFi easy to use and accessible to everyone.
- VVS offers low fees, high transaction speeds, and a simplified decentralized protocol.
- The ecosystem includes Bling Swap, Crystal Farms, Glitter Mine, and IGO.
- VVS token is the governance token, utility token, and reward token of the VVS Finance protocol.
- Token distribution: 50% to the community, 23% to the team, 13.5% for network security and maintenance,
About VVS Finance: Empowering the Future of Decentralized Finance
Introducing VVS Finance (VVS): A Comprehensive Overview
VVS Finance (VVS) is an innovative automated market maker (AMM) decentralized exchange (DEX) that proudly claims to be the pioneer AMM on the Cronos blockchain. Launched in late 2021, VVS, an acronym for “very-very-simple,” is driven by a mission to democratize cryptocurrency and blockchain technology, making decentralized finance (DeFi) accessible and user-friendly for the masses.
Its ecosystem comprises a suite of products, including Bling Swap, Crystal Farms, Glitter Mine, and IGO, boasting low fees and high transaction speeds. Through VVS, users can tap into a streamlined decentralized protocol, empowering them to assume the roles of liquidity providers and VVS miners.
VVS Finance operates atop Cronos, leveraging its fast and secure transaction capabilities, accompanied by relatively low fees. As an EVM-compatible chain, Cronos fosters an EVM-like code execution environment, thereby facilitating the growth of the ecosystem. Furthermore, Cronos offers seamless IBC integration with the Cosmos ecosystem.
The Visionary Founders Behind VVS Finance
VVS Finance was established by a diverse group of individuals united by their passion for DeFi. With a strong foundation in product design, this humble collective of innovators converged with a shared vision – to craft DeFi products that are universally accessible, even to those closest to them. Their overarching objective is to democratize exceptional protocols, rendering DeFi an intuitive and delightful experience for users of all backgrounds.
Unveiling the Uniqueness of VVS Finance (VVS)
VVS Finance employs an automated market maker paradigm, eliminating the need for traditional order books and intermediaries, and instead, utilizes liquidity pools to facilitate seamless transactions between assets on the decentralized exchange (DEX).
Among the hallmark features of VVS Finance are:
Liquidity Provision. By injecting tokens into a liquidity pool, any user can assume the role of a liquidity provider. To facilitate trading via liquidity pools, users are obligated to pay swap fees to liquidity providers, or LPs, which are subsequently stored in the reserves of the liquidity pools. Notably, LPs receive two-thirds of the swap fees, equivalent to 0.2% of the trading volume, while the remaining one-third is allocated to the Treasury of VVS Finance.
Bling Swap. This innovative system facilitates rapid and seamless token exchanges and AMM interactions across multiple liquidity pools. With a competitive trading fee of 0.3%, the revenue is distributed between Liquidity Providers (LPs) and the platform, empowering users to capitalize on lucrative opportunities by providing liquidity.
In the realm of Crystal Farming, also referred to as Crystal Farm, Liquidity Providers (LPs) are afforded the opportunity to reap rewards in the form of VVS tokens, contingent upon staking their LP tokens. Notably, the lucrative rewards derived from crystal mining, boasting high profit margins, are only accessible for a limited duration.
Introducing Glitter Mining (Glitter Mine), a cutting-edge feature that enables users to stake VVS and accrue additional tokens from partner projects through the power of auto compounding. By placing predictions on the coin, users can effortlessly earn interest and reap the rewards.
Initial Gem Offerings (IGOs). The IDO platform on the Cronos blockchain
furnishes users with privileged access to exclusive token sales of forthcoming
projects within the ecosystem, while project owners benefit from synergistic
collaboration with VVS Finance, a prestigious project launch on one of the
leading platforms as part of the IGO, as well as an impressive and rapidly
expanding user base.
What Is the Circulating Supply of VVS Finance (VVS) Coins?
VVS is the governance token of the VVS Finance protocol, doubling as the platform’s utility and reward token. As a Cronos Chain token, VVS adheres to the CRC-20 technical standard. Its primary function is to incentivize liquidity provision to the VVS Finance platform, fostering a robust ecosystem.
The token distribution is allocated as follows: 50% is reserved for the community, comprising 30% for farm and mine programs, 2.5% for traders and referrers, 2.5% for market makers, and 15% for the community wallet to support future initiatives. The remaining allocation consists of 23% for the team, 13.5% for network security and maintenance, and 13.5% for ecosystem development.
The tokenomics of VVS operates on an emission model, wherein the team will mint 50 trillion VVS in the inaugural year, with the amount being halved annually thereafter. As per the emissions schedule, a maximum supply of 100 trillion VVS will be incrementally attained over a 10-year period, commencing from the launch year of 2021.
The VVS Finance Network’s Robust Security Framework: A Comprehensive Overview
VVS Finance (VVS) has been successfully deployed on the Cronos Chain, a decentralized, open-source blockchain that boasts Ethereum compatibility, courtesy of Crypto.com exchange. The VVS token has been meticulously crafted to adhere to the ERC-20 compatibility standard. Furthermore, the protocol has undergone a rigorous auditing process, courtesy of Slowmist, a reputable blockchain security firm renowned for its comprehensive range of services, including expert smart contract auditing.
Acquiring VVS Finance (VVS): A Comprehensive Guide to Exchanges and Marketplaces
The most convenient method of acquiring VVS is to purchase it directly through VVS Finance. Additionally, VVS tokens are widely available on various prominent cryptocurrency exchanges, including Crypto.com Exchange, Gate.io, Bitget, Uniswap, and many others.
Stay ahead of the curve with the CMC mobile app, where you can monitor VVS prices in real-time and make informed decisions on the go.
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