Thousands of crypto projects are launched every day in the Decentralized Finance (sector) as more and more individuals adopt the use of blockchain technology in their business and new users enter. In the following years, massive growth is forecasted in the cryptocurrency market as new solutions that will quicken adoption in financial institutions, artificial intelligence, commerce sectors, communication bridges, and the rest. This projection would lead to an influx of more investors in DeFi.<\/p>\n\n\n\n
One of these innovative projects is the Very Very Simple (VVS) finance token. The name of this token represents its exact purpose, which is purely simplifying the entrance into the DeFi ecosystem. VVS finance is the biggest project leveraging the Cronos network to function to increase the adoption and simplification of cryptocurrency by gamifying its user interface for new users.<\/p>\n\n\n\n
But what is VVS finance in essence? How does it work? Throughout this article, we will try to explain the goals and fundamentals of this project, its founding team, and what makes it a profitable investment.<\/p>\n\n\n\n
VVS, which stands for Very Very Simple, is a Decentralized Exchange (DEX) that utilizes the automated market makers (AMM) framework. This framework is permissionless and enables the VVS finance platform to function without the need for middlemen or intermediaries. Also, the liquidity pools are controlled by the owners as it has a decentralized structure while maintaining day-to-day full functionality, unlike the traditional financial markets.<\/p>\n\n\n\n
Based on their whitepaper, VVS finance is trying to build and create a large DeFi ecosystem with a wide range of digital finance products in swapping, stacking, and trading on the protocol which is simplified for the ease of non-crypto natives. The protocol is backed by a blockchain accelerator start-up called Particle B and brands itself as the entrance into the DeFi movement. The users are allowed to earn by mining with the VVS miner, providing liquidity, or even trading. Liquidity Providers (LP) are granted LP tokens to indicate ownership based on how much liquidity they provided and they’re allowed to also stake their tokens for VVS incentives and rewards. For every transaction and trade made in an LP currency pair, the supplier earns 0.2% as a reward which makes the pool users active on the network.<\/p>\n\n\n\n
Based on the website information, the founders of VVS Finance are anonymous and the project’s roadmap is not well detailed in the execution of their goals. The token distribution for network maintenance, security, and development of the ecosystem is quite transparent as the community holds the majority of the tokens while the remaining belongs to the developing team. According to their security audit after a blockchain security forensic, VVS has the core control to alter the limit amount of 100 trillion and many other segments on the network which is considered to be unfavorable to the concept of decentralization.<\/p>\n\n\n\n
VVS token is the native and governance token of the VVS Finance network that allows the users to make decisions on the developments within the protocol. It has a fluctuating market capitalization and a questionable circulating supply of 2.2 trillion from the previous supply of 19 trillion VVS Finance tokens which led to a huge controversy during the beginning stage of the project. With the constant emissions of the token, it’s projected that VVS Finance would surpass 100 trillion supply by 2031 which is a huge figure compared to its competitors Uniswap, Sushiswap, and Balancer which have circulating supplies of 632 million UNI, 127 million SUSHI, and 7 million BAL respectively. This is not favorable in the long run from the economical perspective of supply and demand.<\/p>\n\n\n\n
How will this impact the growth of this protocol considering that it is not the only one with such an inflationary model as PancakeSwap or even Ethereum? Would it maintain its top spot on the Crypto.com<\/a> network? Will VVS Finance’s price increase in the long term?<\/p>\n\n\n\n VVS Finance is presently partnered with Crypto.com (CRONOS), a cryptocurrency exchange platform that supports all kinds of crypto transactions like staking, trading, etc. By April 27th, 2022, VVS announced the listing of 11 tokens that will add liquidity to the CRO pools which can be withdrawn at any time. The tokens include THORChain (RUNE), Helium (HNT), Kyber Network Crystal v2 (KNC), The Graph (GRT), Chiliz (CHZ), Tezos (XTZ), Mines of Dalarnia (DAR), Injective (INJ), Kusama (KSM), Aave (AAVE), and Loopring (LTC).<\/p>\n\n\n\n VVS Finance is currently worth $<\/b>0.00000095519049<\/span><\/span><\/span><\/strong> USD. VVS has moved 1.27%<\/span><\/span><\/strong> in the last 24 hours with a trading volume of Partnerships<\/h3>\n\n\n\n
VVS Finance Current Price<\/h2>\n\n\n\n