VVS (VVS), the first AMM project on Cronos, is now listed in the Crypto.com App, joining the growing list of 200+ supported cryptocurrencies and stablecoins, including Bitcoin (BTC), Ether (ETH), Polkadot (DOT), Chainlink (LINK), VeChain (VET), USD Coin (USDC), and Crypto.org Coin (CRO).
Crypto.com App users can now purchase VVS at true cost with USD, EUR, GBP, and 20+ fiat currencies, and spend it at over 80 million merchants globally using the Crypto.com Visa Card.
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. The 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 App Users can now enjoy faster, cheaper and safer transfers for VVS, CRO, ETH, WBTC, USDC, USDT, DAI, DOGE, and SHIB via Cronos. Find out more on Cronos by visiting https://cronos.crypto.org/.
