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VVS Finance (VVS) is the 185th largest cryptocurrency in the world by market cap, valued at $251,383,876. The current price of VVS Finance is $3.53E-6, which is 0.284% higher than yesterday. Prices have ranged between $0.00000356 and $0.0000035 over the past 24 hours. All prices are listed in US dollars and accurate as of April 02, 2023 06:04 UTC.
VVS Finance is a decentralized exchange (DEX) built on Crypto.com’s native Cronos blockchain chain. The DEX offers users the ability to exchange cryptocurrencies and earn rewards without the need for an intermediary.
Like other decentralized exchanges in the space, VVS Finance implements an automated market maker (AMM) in conjunction with user-supplied liquidity pools. This combination removes the need for a centralized order book and greater lowers the fees involved with exchanging cryptocurrencies. The abbreviation, VVS, stands for “very very simple,” as the platform is focused on how to make decentralized finance (DeFi) more accessible for everyone.
According to the platform’s website, VVS Finance offers users the ability to swap a range of cryptocurrency tokens. Users can also earn rewards by either providing liquidity to the platform’s native “Crystal Farms” or staking the native VVS token within the platform’s “Glitter Mines”. In addition to swaps and rewards, the platform boasts cross-chain capabilities and allows users to discover new projects through its native Initial Gem Offering (IGO) program. Thanks to being developed on the Cronos blockchain, the VVS Finance platform boasts low fees, fast transaction times, and competitive earnings for those looking to put cryptocurrencies to work. VVS is the native token of VVS Finance and is used to support the overall ecosystem. Acting as both a utility and governance token, VVS can be staked in the platform for additional rewards or used to vote on platform development proposals.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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