$VVS.x VVS Finance as a audited DeFi platform - I don’t know who developed this DeFi app, but they understand the laws of Compounding Interest. Earning $25-35 a day at 253% APY that I can convert into any cryptocurrency I want or restake in my vault. This is a total compound interest boner alert 🚨
Genesis finance on cronos and MaticStake on polygon. Was super new to crypto and defi and I got in at the launch of VVS and did like a 4x through the initial vvs/Cro pool. I thought all of defi and crypto was just a money printer - got rugged on these two protocols. If it sounds too good to be true, it probably is.
I can't help that some dummies recognized one scam (Crypto.com) but don't recognize another (Celsius). It happens a lot in crypto, people don't recognize the scam they hold and will defend it to the end. Kind of like what you're doing. Looks like you were Brave hopping on to the Shiba and CRO train when scammers were pumping these shitcoins to ATH, offering ridiculous APY and then you thought a -20% drop was a firesale so you bought more and now it's drop another -90% so you come out defending scamming exchanges and shitcoins because your portfolio aged like milk. > Fortune Favors The Brave. Hop on that CRO train https://np.reddit.com/r/SHIBArmy/comments/r5e505/greatest_philosophy/hmmjajo/ > CRO coming through with the fire sale. https://np.reddit.com/r/Crypto_com/comments/s8n94m/cro_in_top_gainers/htj5iou/ > I have CRO & ETH on a fixed term in the CDC app but after the terms are over, I might play around with some CRO and ETH. I'm trying out the Dapps with 30usd worth of VVS. Have it staked in VVS Finance Dapp @136%APR(receiving TONiC) https://np.reddit.com/r/Crypto_com/comments/su4e6x/to_swap_all_my_eth_for_cro/hx8ut2q/
I swapped $8500 worth of DOT to USDC through crypto DeFi app. When the transaction went through it was for $5500 USDC. I didn’t believe slippage applied to USDC, however when I looked in the transaction detail it looks like VVS financial handled the swap. They swapped the $8500 of DOT for $5500 of CRO and then $5500 of USDC. Anyone heard this occurring before. Already getting crushed by this market, now getting scammed.
I used to love shitposting and earning MOONS but my real life job has been demanding recently. Hope soon some of my crypto explodes and I can quit my job and come back do more posting for moons. Coinbase lessons are an awesome free money option. Airdrops at the Coinmarketcap page and some TONIC and VVS options on CDC DeFi are also part of my choices.
>Brave’s native crypto wallet now features integrations from ACryptoS, BadgerDAO, Compound, Cronos ID, DappRadar, Jungle Cats, Ferro, Matcha, Mean Protocol, Minted, Moonshine, Odos, Overtime, Rarible, SPACE ID, Synthetix, THORSwap, Tiny World, and VVS Finance.
I stay away from VVS and CRO. I do not like the 90 day lock up for some tokens.I’m in the cosmos eco system. Atom, Osmosis, and Evmos. I also use cash app BTC round up, and avg $10 dollars a week.(it’s like taking your loose change and putting it in a jar). If your not pickey to much FTX you can earn up to 8% on all there listed tokens up to $10k investment on each token anything $10k and up its 5%. Plus every time you deposit $20 or more you get a token or 2 that are random
You could maybe move a few k CRO into something else (take a look at LINK or stack some MATIC) but to be honest it sounds like you’re in a similar boat to me. We’re still in the green, we’ll probably always be in the green, and we can do what we like because even being 60% down from ATH we’re still in the green. CRO has plenty of gas in it, have you taken a look at the defi app and all the shit going on with cronos? It’s only just come out of “beta”. The minted NFT marketplace, VVS finance etc. and there’s still more partnerships and programs being worked on. Hold the CRO. It’s easy money.
Here's my logic let me know dif it sounds do able, I had about 50,000 steak that I paid anywhere from between 30 to 40 cents for, so when the market dumped in June I bought all in 100,000 at 9.8 cents a piece this brought my cost average down to about 14 cents or roughly so I didn't do it a math that's I shut off the top of my head right now, they just released a new coin called minted MTD VVS is offering 80% yield on a year 300% on 4 years I took all my loose ends converted it all to MTD staked it away for a year and now I have no worries, this is all circumstantial though the coin could take a shit drop 50% and then I break even or else I made a smart move . Between that and having my cosmos and Juno steak it's the best choices I could have made so far
Depends on where you’re LPing. If you LP on osmosis, you’ll use Crypto.org, but if you use VVS, then you’ll use Cronos chain. Both are LPing, but Osmosis is done via using the IBC and Crypto.org chains main use cases are IBC transfers and native token staking. Does that clarify?
Again, pancake, uni and other swaps are the main dexes. But it all depends on the chain you are using. I don’t want to just repeat what other people said. Not sure I’ve seen anything about the cronos chain so I’ll say VVS and MMF, you can trade some coins there.
Im in a similar situation, I started crypto at a bad time though (November 2021 when everything was at all time highs) and then in January everything started crashing. I feel like stuff is starting to pump agian right now and then it will probably crash agian by January-February. This is my experience with crypto ​ * Started crypto in November 2021 with a project called Planetwatch that sold air quality sensors that give you crypto for having them running in your house, I purchased 1 device for $300 plus 3 year license fees which was like $80. At first they said that there was no limit per account on the number of devices that you could own and I was earning like $8 a day in crypto from each device so I figured that I would ROI on the $300 per device in no time. The devices were selling for $500-$800 on eBay too in the second hand market. I originally ordered only a single device but I thought "hmmm... im making $8 from each device if I put one in each room in my house 3x$8 a day = $24 a day x 30 days = $720 a month" so I ordered another 2 devices. I found out that Planetwatch limited the devices to 1 per household after I placed my second order but I figured since they were selling for 2x the price on eBay I could just sell the other devices that I purchased on eBay when I get them. The devices were on backorder for like 2-3 months, while I was waiting for the devices Planetwatch suspended the sales of the licenses that they were selling to earn crypto from running the devices and by the time that the devices finally arrived they had announced that they were going to stop supporting the devices and stop selling the licenses all together so I had to sell the additional devices at a $200 loss each on eBay because the price of the devices tanked after they announced that they would no longer support them. Planetwatch and their token has since then made one bad decision after another and the project + their crypto token (Planets) has tanked since November 2021. * In November 2021 when I got started in crypto I also started with Crypto .com when their token price was at like $0.60+, I staked $4,000 for the Jade Green tier card to earn 3% crypto back on my purchases with their debit card but they slowly started cutting benefits from their staking platform and people started dumping their token the price went from like $0.80 down to like $0.50... then they cut the percentages of cash back earned from each card tier and the token took another big dump from like $0.40 to $0.20 (all this was going on while my money was locked up in staking using their defi wallet for a month while the token was dumping in a holding period that they have for "unbonding" and I also had my $4k staked in Jade tier that was now worth like $1.5k after the token took 2-3 big dumps and it was staked for 6 months). By the time I got out my $4k Jade tier stake went to $1.5k and the $1k I had staked in the Defi wallet had also tanked in price. Today the token is hovering around the $0.14-$0.16 range from the $0.96 all time high price in November 2021. * In November 2021 when I started in crypto with Crypto .com I started staking on VVS Finance but I saw their token price going lower every day and there were a ton of MMF Finance trolls on Reddit spamming the VVS Finance forums saying that MMF was better so I decided to give MMF a chance to see what all the people were spamming about. I tried MMF-CRO farm, MMF-USDT farm, MMO Vault, MMF-MShare Vault, and I was earning pretty decent money from it but then MMF had a big scandal with a project called Scrub Finance and some insider trading scandals with whales and devs getting insider info and selling off tokens for a profit and their token price tanked overnight. All the trading pairs that I had on their site lost 50% value or more overnight because they were all paired with MMF ecosystem tokens and then while the MMF ecosystem tokens were tanking the CRO token was also tanking which made my losses even bigger (I literally got rekt). Nowadays MMF is trying to pull off the same scam on poor unsuspecting people on the Polygon chain by launching their site on the polygon chain from Cronos. * After MMF I tried a website called Toxic Deer, I was making like $80 a day from their boardroom by compounding my earnings 6 days a week and claiming profits 1 day a week. I had almost made back the $4k Jade tier stake that I lost from when the CRO token crashed, I had earned back $3.4k out of the $4k but then the whale swing traders found out about Toxic Deer and they started swing trading the token over a 3-5 day period until they drained all the liquidity from the contract. While the swing trading whales were attacking the contract my money was locked up in their boardroom because every time that you compound earnings it locks up your funds for 3 days... by the time that I was able to withdraw my funds their token had gone from $1.9k per token down to $300 per token so I lost like $3k from that experience. * I also tried Pancakeswap around this time, when I got in though their token price was like $20 per token and nowadays its sitting at $4.35 per token. I havent gotten rugged and the website hasnt totally collapsed but the tokens have tanked in price greatly from when I got started in the project. * I also fell for a crypto "front running bot" scam on YouTube where the video said that I could use their script to create a bot that would buy tokens when their launched for me and swing trade the token to earn profit, the idea was legit but the script was not... the script that the Youtube videos post asks you to create the script and post it on a website then launch the script and send funds to the script to fund the bot, I sent 0.6 BNB tokens to the bot to fund it because the comments on the video all said that they were making money from the script and in the video the guy showed how his metamask had 0 BNB in it and by the end of the video he had 20+ BNB tokens in it so I got lured by greed I guess... well anyway when you send funds to the script it forwards those funds to the scammers wallet and then the scammer uses a website that mixes the scammed crypto that they took with a bunch of other wallets to "clean" the stolen crypto. I found out about the scam by searching "front running bot scam" on YouTube but only after I had already lost the 0.6 BNB which was worth like $200-$250 at the time. ​ So yeah my experience with crypto hasnt been too good either lol, lots of scammers in the crypto world.
DeFi is not for the faint hearted given the volatility (10-60% daily swings), but for experienced day traders it's a goldmine. MMF on Cronos was a solid launch, but crashed as hard as VVS so I would also stay away at this point - at least until we know the market has really turned ($30K+ BTC).
Of the ones you mentioned, I like MATIC, then DOT and next in line CRO. I would avoid AMP and VVS even though I do like AMP's potential use case. AMP has too much risk right now with the lack of adoption and the SEC security issue plus CEXES delisting the coin. I was very bullish on CRO but less so after all of the slashing and reward cutting. However, I still believe it will be a top 5 DEX going forward. MATIC is forming many new partnerships and is the best layer 2 option. I like DOT but prefer ATOM in the layer 0 space. Still DOT has been growing its para-chains over the bear market and is a good bet. For every hundred dollars I would invest in this group, I would put zero in VVS, zero in AMP, 45 in MATIC, 30 in DOT and 25 in CRO (or 20 in CRO and 5 in AMP just in case FLEXA adoption does take hold one day and AMP survives).....
My arguments, I think cryptos a scam but I still “invest”. -not user friendly. Can you imagine your girlfriend signing onto DESO? Or you mom? Or grandma? No females are gonna flock to some “decentralized social media”. Nobody is gonna play crypto games. -the world won’t allow it. The world will not allow Venezuela to be the richest country in the world. -the world won’t allow it part 2. If crypto became the #1 form of currency, there would be so many people left in the dust that it’d be complete madness. There would be straight up civil war. -sketch af. Crypto is so sketch, go to any crypto page on social media. Every single comment is a SCAM. Even people who research get rugged. -inflation. If btc became currency. You go to McDonalds (at that point the market cap would be trillions of dollars) and you look up at the menu. Ah yes, I’ll take a hamburger. “That’ll be 0.000000001 Bitcoin please.” As far as I know there’s no such thing as stock splits in crypto, but I could be wrong on that. -no owner. With no centralization, whose to say your currency will stay? One decade the currency is Bitcoin, next will it still be Bitcoin? -more sketchyness. I had a coin a while ago that had 6,000% apy. Looking at you VVS finance. Are you kidding me? Then you see “walk to earn”. What’s next sleep to earn? Shit to earn? Fap to earn? Mug someone in an alleyway to earn? Get real. -crypto lunatics. I have seen some absolute tunnel vision cults in my time in crypto. Unfortunately, you’re more likely to make money in crypto if you ARE INSANE.
VVS was basically sold to us crypto.com(n) customers as their chosen defi token. In the end, the relationship between the two was not what we were led to believe by the marketing. My initial investment is essentially worthless at this point. Fanboys say it will come back and make me rich some day. It won’t. If that were the case, it would make more sense to buy it on the way up. Someday. If that actually ever happens. And it won’t.
I was balls deep into CDC, currently holding the Royal Indigo VISA and before the changes working my way up to ICY WHITE. Not any longer of course. I was using the earn program for a few coins like DOT, MATIC, ETH, TGBP and USDC. I was also doing DCA on CRO trying to reach a target of 50,000 CROs. I was using their DeFi wallet for staking CRO plus VVS Finance and MMF Finance for yield farming. I brought more than 20 people into CDC ecosystem mainly because of the cards. I was also using their NFT platform for a while to sell my NFTs me to flip them as well… As for today I removed all my coins from the Earn Program and the App. I have only left my card staking that is 5,000 CROs. I had 35,000 CROs and I sold 15,000. Now I have 20,000 on DeFi on staking for 12%. That’s it. I removed everything from VVS and MMF. I don’t buy any more CRO. I sold al my NFTs and I’m back using OpenSea. I don’t promote the platform any more. If someone ask I tell them to be careful. I think they might survive the Bear and I see CRO maybe between $1-$2 in the future like 5 years maybe more. The reason? I think all these platforms are going to fail and are not sustainable in the long run. I didn’t like the way they handled the communication with their customers. I’m not bullish any more in the whole ecosystem but I do think it can survive. I think 25,000 is a decent bag for me. I’m not gambling any more in CRO. At some point I was obsessed. I’m not any more. I took everyone out because I feel they can easily do a Blockfi, Celsius, Voyager, Anchor, 3AC. All these supposed solid platform are gone in a matter of weeks. Why CDC is different. I don’t feel they are different.
Cronos actually performed pretty well as a blockchain, unfortunately the two main projects VVS and MMF are nothing to write home about, but the chain has potential, it's fast, reliable and inexpensive making it a good solution for nft and other projects in the future.
As Cronos supports Smart Contracts it's as good as any other blockchain and it actually worked pretty well. Unfortunately the two biggest projects (VVS and MMF) didn't performed very well, at least not their tokens. The chain itself proved to be stable and secure and quite fast and reliable in my experience, but I don't know if that's enough for it to stand against the others.
TLDR: COINS * A crypto coin is a form of digital currency that’s often native to its blockchain; it stores value and acts as a medium of exchange * Coins can be mined through proof of work (PoW) or earned through proof of stake (PoS) * Examples include Bitcoin (BTC), Ether (ETH), and Cardano (ADA) ​ TOKENS * A crypto token is built for a decentralised project on an existing blockchain (usually Ethereum, the most popular blockchain for decentralised projects to build upon) * A token represents an asset or offers holders certain platform-specific features * Tokens offer functions, including utility, security, and governance * Examples include Cronos (CRO), Very, Very Simple Finance (VVS), and Uniswap (U
Avoid the buggy, shitty CDC DeFi app. It's only useful for sending USDC back to your linked CDC account. Better to use Metamask with a custom RPC. Faster and transactions rarely fail. Also a LOT easier to bookmark the most important DEXs in Metamask. Cronos is growing at a ridiculous pace, even during this bear market, but there is a lot to discover and the main platforms (MMF, VVS, Annex, Mimas and Tectonic) all work flawlessly with Metamask.
I was the same, I had invested heavily into the Cronos chain with CRO, VVS, MMF, MMO, SVN and MSHARE (stupidly I thought this was me diversifying) and I was yield farming with very high APY's. Anyway I learnt two valuable lessons with that... one, if CRO crashes then they all crash... and two, high APY's are always too good to be true.
I got into crypto at the very beginning of November at ATH's. My first coin was Shiba Inu, I got that because my mate told me it was pumping, by the time I got in on the action the pump was finished. Price went down. Second coin was Dogelon, bought into that as I saw that [Crypto.com](https://Crypto.com) has started to list it. This is the app equivalent of my mate telling me, price had risen to ATH because of the CDC listing. Price went down. Third coin was CRO, I was starting to learn that meme coins were not good plays when it came to investing, so I thought I'd invest in CDC itself through CRO, afterall investing in the actual 'bank' itself must be a surefire way to make money. Went in balls deep and managed to stake for a Jade card and DCA'd from £0.65 to £0.30. I think you all know what happened to that price, but if you don't I will revisit CRO in my timeline still to come. Then I started tinkering with defi, so the Fourth coin I got into was VVS. I don't think that shit ever went up, only down... way down. When I got tired hemorrhaging on VVS I pulled everything and moved over to MMF. And for a while everything was sweet, with high APRs and I went in for MMF, MMO, SVN and MSHARE, brother and sisters I was making bank and I was feeling like life was good. Then MMF lost some of it's momentum with the Serval Finance failed launchpad... the price dipped; then their site was hacked and millions was stolen... the price dipped; and then going back to my CDC comments... Kris from CDC dropped his bombshell about the slash in Earn rates and all of my Cronos coins took a beating... CRO, MMF, MMO, SVN and MSHARE... annihilated. I am only glad I managed to stay away from the whole LUNA debacle. Basically I feel like I have spent the last 6 months in crypto for feck all, every single thing I invested in I have lost money on and at this point I am now 50% down. For a while I felt shell-shocked but after about a week I decided to work on a new strategy for myself. I believe in crypto being the future and I am in it for the long-haul.
The store of value in this volatility depends on when and how did you get it. I'm looking on them like on the diamonds, bitcoin is D/F, ethereum is E/VVS1 and already F as well. For the rest cryptos so on and on and on downwards in the scale.🙂
I bought some BTC/ETH yesterday. I saved a bit of stablecoin from the passive income I generated from the VVS and MMF platforms on Cronos (CROs EVM). I held off on increasing my CRO bag because I wasn't a fan of how they've been communicating lately so I just held that, and will stick to BTC/ETH DCA for the next 6 months or until I find another project that I want to invest in. Low key, I am eyeing ATOM/Cosmos ecosystem next.
My staking ended yesterday so I went from Indigo to Ruby. I figured I would keep the free Spotify and a small amount staked in case CRO does weather this storm and come out stronger in 6 months. The rest of the money I moved to my defi wallet and put most of it into the dark/CRO LP with VVS and deposited that in autodark. The yield is pretty amazing there. Then I took about the last $155 and swapped it to ATOM and bridged it to Cosmos so I could send it to Coinbase and let it sit there. I figured I would collect the 5% staking on Coinbase with that small amount until I am ready to either add it to my ATOM on my ledger or sell it and add the funds to my Coinbase debit to spend.
It's not fun, but it could be worse. I don't suppose I have 'lost' too much because I had been buying gradually before I started the stake. I'm probably at break-even point now, perhaps a little lower because I threw some CRO away into VVS. I suspect it will be a real loss by the time I can access it though. The bigger shame is that, aside from ETH holding its value, CRO was the only success story in my portfolio. Definitely well in the red all round now. For what it's worth, those that bought at $0.50 and higher really got hit hard, and I'm really sad to see so many people lose out so heavily. I really hope CRO bounces back, even if it happens after I capitulate and sell, just so that those who bought higher get a chance to recover more. I don't see it as likely, though.
MMF was the competitor to VVS. They're literally the same thing. Problem was VVS has fuuuuuuuuuuuucked tokenomics, but was officially supported by the Cronos team. MMS had much better tokenomics but the team was just like most community teams, a bunch of moonboys. Part of the MMF campaign was to go to the VVS subreddit/discord and shit all over VVS. People in VVS responded in kind and launched one of the most savage crypto wars I have ever seen. In the end, everyone lost and IMHO it all really hurt the Cronos network. Didn't help that this all launched at the literal God damn top so all VVS has done is bleed since day one. I finally threw in the towel at -90%, luckily with only a couple hundred bucks. I saw some dudes who went in with 10's of thousands on it and held long enough to take some massive losses (hopefully they cut their losses).
On DeFi go to DApps bottom middle of the page. On next page go to Cronus DApps. On this page you’ll see all the additial companies building on the Cronus chains, VVS you’re probably aware of, it was one of the earliest. You’ll find MM Finance in there, check out what they’re doing, it’s where I trade coins at low price/fees. The MM optimizer is part of MMF, in here you’ll find lots of farms/liquidity for various coins but please ensure you read and learn before stepping into this exotic world.
There is a very simple solution, get stablecoins and stop trading on centralized exchanges and trade on a DEX in DeFi. There are still fees but at least this way the fees go to a community of liquidity providers and not the companies that rip you off; Ethereum Uniswap, Balancer, Sushi Swap BNB Chain PancakeSwap ApeSwap Polygon QuickSwap Cronos VVS Finance