VVS Finance

Halal Rating :
Comfortable
Contract: 0x839e71613f9aA06E5701CF6de63E303616B0DDE3
Last Price $0.0000022 Last updated:
Rank 323
1D Change -0.92 %
Market Cap $108.26m
Circulating supply 48,255,887,854,102
Maximum supply 100,000,000,000,000

Crypto Overview

Categories
  • Decentralized Exchange (DEX) Token
  • DeFi
  • Ethereum Ecosystem
  • DEX

Overview

VVS Finance is a decentralized exchange (DEX) and automated market maker (AMM) protocol built on the Cronos blockchain. The VVS token serves as the protocol's native governance and utility token.

Purpose and Utility

The stated purpose of VVS Finance is to provide decentralized exchange services and yield farming opportunities through its AMM protocol. The VVS token is used for governance voting, staking, and providing liquidity to the protocol.

Business Model Analysis

The core business model revolves around facilitating token swaps and providing liquidity mining rewards. The protocol generates revenue through trading fees, which are distributed to liquidity providers and VVS token stakers.

Real-World Adoption

VVS Finance has achieved significant adoption within the Cronos ecosystem, maintaining consistent trading volumes and liquidity pools. The platform has established partnerships with other Cronos-based projects and continues to introduce new features and pools.

Development Activity

The project maintains regular development updates and protocol improvements. The team actively manages the platform's security and functionality, with continuous updates to the protocol's features and user interface.

Token Distribution

VVS tokens follow a transparent distribution model with allocated portions for the team, development, and community rewards. The project implements vesting schedules for team tokens to align long-term interests.

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