How and Where to Buy VVS Finance (VVS) – Detailed Guide
- What is VVS?
- Step 1: Register on Fiat-to-Crypto Exchange
- Step 2: Buy ETH with fiat money
- Step 3: Transfer ETH to an Altcoin Exchange
- Step 4: Deposit ETH to exchange
- Step 5: Trade VVS
- Last Step: Store VVS securely in hardware wallets
- Other useful tools for trading VVS
- Frequently Asked Questions
- Latest News for VVS
- VVS Price Prediction and Price Movement
What is VVS?
What Is VVS Finance (VVS)?
VVS Finance (VVS) is an automated market maker (AMM) DEX, which claims to be the first AMM on the Cronos blockchain. Launched at the end of 2021, VVS stands for "very-very-simple," hence the mission of bringing cryptocurrency and blockchain technology to the mainstream, and make DeFi easy to use.
Its ecosystem of products include Bling Swap, Crystal Farms, Glitter Mine, IGO and it offers low fees, and high transaction speeds. With VVS, users gain access to a simplified decentralized protocol where they can be liquidity providers and VVS miners.
VVS Finance operates on top of Cronos for fast and secure transactions with relatively low fees. Cronos is EVM-compatibility, which creates an EVM-like code execution environment for developers and contributes to the growth of the ecosystem. Cronos also offers IBC integration to the Cosmos ecosystem.
Who Are the Founders of VVS Finance?
VVS Finance was founded by a group of passionate individuals with diverse backgrounds and a shared love for DeFi. Coming from a deep product design background, this team of humble farmers came together with a common mission - to build DeFi products that are accessible to everyone, including their aunts and neighbors. Their ultimate goal is to bring amazing protocols to the masses and make DeFi a simple and enjoyable experience for all users.
What Makes VVS Finance (VVS) Unique?
VVS Finance applies an automated market maker model, meaning that there are no order books or middlemen, but there are liquidity pools, which facilitates transactions between assets on the DEX.
Some of the key features of VVS Finance include:
Liquidity provision. Any user can become a liquidity provider by adding tokens to a liquidity pool. In order to start trading through liquidity pools, users are required to pay swap fees to liquidity providers or LPs (fees are stored in reserves of liquidity pools). LPs receive two-thirds of swap fees (0.2% of the trading volume), while one-third is held in the Treasury of VVS Finance.
Bling Swap. The system allows users to swiftly and seamlessly exchange tokens and other AMMs between multiple liquidity pools. The trading fee is 0.3% and is shared between LPs and the platform. Users have the opportunity to earn by providing liquidity.
Crystal Farming (Crystal Farm). In Crystal Farms, LPs can earn rewards in the form of VVS tokens for staking LP tokens. However, the rewards from crystal mining (high profit) are only available for a limited period of time.
Glitter Mining (Glitter Mine). The feature allows to stake VVS and earn more tokens of partner projects through auto compounding (users place predictions on the coin and earn interest).
Initial Gem Offerings (IGOs). The IDO platform on the Cronos blockchain provides users with early access to exclusive token sales of upcoming projects in the ecosystem, while project owners receive cooperation with VVS Finance, a project launch on one of the leading platforms as part of the IGO, as well as an impressive and rapidly growing user base.
Related Pages:
Read more about popular DEXs — SushiSwap (SUSHI) and PancakeSwap (CAKE).
Learn more about Cronos (CRO).
What is Cronos (CRO) and how does CRO staking work? Take a deep dive with CMC Alexandria.
What is an automated market maker (AMM)? Find out with the CMC glossary.
How Many VVS Finance (VVS) Coins Are There in Circulation?
VVS is the governance token of the VVS Finance protocol, it also serves as the platform's utility and reward token. VVS is a Cronos Chain token that was deployed as the CRC-20 technical standard. The main function of VVS is to incentivize the liquidity provision to the VVS Finance platform.
The distribution of the token is as follows: 50% to the community (30% to farm and mine programs, 2.5% to traders and referrers, 2.5% to market makers, 15% to the community wallet for future initiatives); 23% to the team; 13.5% for network security and maintenance; 13.5% for ecosystem development.
The tokenomics of VVS works on the emission model: the team will mint 50 trillion VVS in the first year, and then halve the amount every subsequent year. According to the emissions schedule, a maximum supply of 100 trillion VVS will be gradually reached over 10 years starting from the launch year of 2021.
How Is the VVS Finance Network Secured?
VVS Finance (VVS) deployed on the Cronos Chain - an Ethereum-compatible, decentralized, open-source blockchain developed by the Crypto.com exchange. The VVS token is built in accordance with the ERC-20 compatibility standard. The protocol has been fully audited by Slowmist, a blockchain security firm that offers a range of services, including smart contract auditing.
Where Can You Buy VVS Finance (VVS)?
The easiest way to obtain VVS is to buy it directly through VVS Finance. VVS tokens are also available at numerous crypto exchanges, including: Crypto.com Exchange, Gate.io, Bitget, Uniswap and more.
Download the CMC mobile app to track prices of VVS in real-time.
VVS was first tradable on 15th Nov, 2021. It has a total supply of 84,806,244,195,095.39. As of right now VVS has a market capitalization of USD $406,912,657.99. The current price of VVS is $0.00000407 and is ranked 243 on Coinmarketcap and has recently surged 24.40 percent at the time of writing.
VVS has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Ethereum from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy VVS.
Step 1: Register on Fiat-to-Crypto Exchange
You will have to first buy one of the major cryptocurrencies, in this case, Ethereum (ETH). In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best.
Select Fiat-to-Crypto Exchange for details:
- UpHold
Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:
- Easy to buy and trade among multiple assets, more than 50 and still adding
- Currently more than 7M users worldwide
- You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card! (US only but will be in the UK later)
- Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
- No hidden fees and any other account fees
- There are limited buy/sell orders for more advanced users
- You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term
- USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.
Type your email and click 'Next'. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn't vulnerable to hackers.
You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.
Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.
Step 2: Buy ETH with fiat money
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.
Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose Ethereum, click preview to review your transaction and the click confirm if everything looks good... and congrats! You've just made your first crypto purchase.
Step 3: Transfer ETH to an Altcoin Exchange
- Gate.io
But we are not done yet, since VVS is an altcoin we need to transfer our ETH to an exchange that VVS can be traded, here we will use Gate.io as our exchange. Gate.io is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.
Gate.io is an American cryptocurrency exchange that launched 2017. As the exchange is American, US-investors can of course trade here and we recommend US traders to sign up on this exchange. The exchange is available both in English and Chinese (the latter being very helpful for Chinese investors). Gate.io’s main selling factor is their wide selection of trading pairs. You can find most of the new altcoins here. Gate.io also demonstrates an impressive trading volume. It is almost every day one of the top 20 exchanges with the highest trading volume. The trading volume amounts to approx. USD 100 million on a daily basis. The top 10 trading pairs on Gate.io in terms of trading volume usually have USDT (Tether) as one part of the pair. So, to summarize the foregoing, Gate.io’s vast number of trading pairs and its extraordinary liquidity are both very impressive aspects of this exchange.
After going through a similar process as we've done before with UpHold, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.
Step 4: Deposit ETH to exchange
Depends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum. Though the process should be straight-forward and easy to follow. Once you're done with it you should have full access to your exchange wallet.
If this is your first time making a crypto deposit, the screen here may look a bit scary. But don't worry, it's basically simpler than making a bank transfer. At the box on the right, you will see a string of random numbers saying 'ETH address', this is a unique public address of your ETH wallet at Gate.io and you can receive ETH by giving this address to the person to send you the funds. Since we are now transferring our previously bought ETH on UpHold to this wallet, click on 'Copy Address' or right-click on the full address and click copy to grab this address to your clipboard.
Now head back to UpHold, go to the Transact screen and click on ETH on the "From" field, choose the amount you wan to send and on the "To" field choose ETH under "Crypto Network", then click "Preview withdraw".
On the next screen, paste the wallet address from your clipboard, for security consideration you should always check if both addresses are matching. It is known that there are certain computer malware that would alter the content in your clipboard into another wallet address and you will be essentially sending funds to another person.
After reviewing, click 'Confirm' to proceed, you should receive a confirmation email instantly, click on the confirmation link in the email and your coins are on the way to Gate.io!
Now go back to Gate.io and head to your exchange wallets, don't worry if you haven't seen your deposit here. It is probably still being verified in the blockchain network and it should take a few minutes for your coins to arrive. Depending on the network traffic condition of the Ethereum network, during busy times it may take even longer.
You should receive a confirmation notification from Gate.io once your ETH has arrived. And you are now finally ready to purchase VVS!
Step 5: Trade VVS
Go back to Gate.io, then go to 'Exchange'. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let's get our heads around this.
In the right column there is a search bar, now make sure "ETH" is selected as we are trading ETH to altcoin pair. Click on it and type in "VVS", you should see VVS/ETH, select that pair and you should see a price chart of VVS/ETH in the middle of the page.
Below there is a box with a green button that says "Buy VVS", inside of the box, choose the "Market" tab here as that is the most straight-forward type of buying orders. You can either type in your amount or choose what portion of your ETH deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click "Buy VVS". Voila! You have finally bought VVS!
Last Step: Store VVS securely in hardware wallets
Ledger Nano S
- Easy to set up and friendly interface
- Can be used on desktops and laptops
- Lightweight and Portable
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
Ledger Nano X
- More powerful secure element chip (ST33) than Ledger Nano S
- Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
- Lightweight and Portable with built-in rechargeable battery
- Larger screen
- More storage space than Ledger Nano S
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your VVS for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.
Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.
Frequently Asked Questions
Can I buy VVS with cash?
There is no direct way to buy VVS with cash. However, you can use marketplaces such as LocalBitcoins to first purchase ETH, and finish the rest of the steps by transferring your ETH to respective AltCoin exchanges.
LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.
Are there any quick ways to buy VVS in Europe?
Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Uphold.
Are there any alternative platforms to buy VVS or Bitcoin with credit cards?
Yes. is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.
Read more on VVS Finance's fundamentals and current price here.