Deposits and withdrawals are enabled for VVS Finance (VVS) via Cronos
We’re excited to announce that Crypto.com Exchange has listed VVS Finance (VVS), the first AMM project on Cronos. Users can now deposit and withdraw VVS Finance (VVS)* via Cronos, adding to the list of supported tokens, including CRO, ETH, WBTC, USDC, USDT, and DAI.
*Available on both Exchange Web and App.
What is VVS?
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. 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. Further information about VVS tokenomics here.
What is Cronos?
Cronos is the EVM chain running in parallel to the Crypto.org Chain. It aims to massively scale the DeFi ecosystem, by providing developers with the ability to rapidly port apps from Ethereum and EVM-compatible chains, with funding from Particle B’s $100 million EVM fund and access to the 10 million user base of the Crypto.com ecosystem.
Cronos offers the following advantages as Crypto.org’s parallel chain:
- EVM Compatibility. Cronos is built on Ethermint, which supports rapid porting of apps and smart contracts from Ethereum and other EVM-compatible chains.
- Scalability. Cronos can process more transactions per minute than Ethereum, making it faster, cheaper, and greener to execute smart contracts.
- Interoperability with Many Blockchains. The Inter Blockchain Communications (IBC) protocol enables interoperability and bridging to the Crypto.org Chain, and other IBC-enabled chains, such as Cosmos Hub.
Crypto.com Exchange Users can now enjoy faster, cheaper and safer transfers for VVS, CRO, ETH, WBTC, USDC, USDT, and DAI via Cronos. Find out more on Cronos by visiting https://cronos.crypto.org/.
For more details about trading on the Exchange, please refer to our Help Centre.