Exploring Chronos: The New EVM from Crypto.com and DeFi Mining Demo

hello everyone uh today we're going to be talking about episode 37 we're going to be talking about uh chronos which is

the new evm um in the in the crypto world it's uh the evm from crypto.com crypto.com launched their mainnet

exchange about six months back in march i'd covered it in detail in one of the episodes today we're going to be talking

about chronos and also we're going to be doing a full demo of how to do d5 mining and earning using chronos and i've been

doing a lot of d5 videos so we're going to be doing a default demo on chronos so first of all i'm not a financial advisor

i'm not an investment expert the usual disclaimer i'm making my videos to share my personal experiences and my learnings

and also most importantly i keep posting this uh warning on almost on every video because people do get

scammed on a daily basis do not send your uh money or your crypto to somebody who call themselves as professional

workers or are offering an investment plan or whatever it is so there are no investment advisor professional brokers

in the crypto world everybody is a scam or a fraud basically so it's your money and you invest it

and a lot of people ask me about whatsapp groups or telegram groups i'm not in any close groups i don't run any

of these close groups i'm very active on twitter my hand this other channel london not just me if you want to get

frequent updates or quick updates on on crypto uh twitter is a great medium to actually follow a lot of people and if

you come to twitter you can actually look at people i am following as a head start for you and it it's very quick to

open a twitter account and follow somebody one crypto project that i've talked

about the most in my channel uh in in many of the episodes starting from episode seven is about uh crypto.com one

of the reasons is i've explained it in detail in episode 77.18 it's a it's an exchange with a lot of

fluidity lot of liquidity and it's one of the safest exchanges out there in the world it's one of the most easiest

mobile apps also to use in many countries so i'd even done a demo in some point to how you can use it

from india and at that point of time the price was very less and in episode 17 i talked about the supercharger benefits i

talked about syndication benefits in episode eight uh when the mainnet got launched in episode 22 and 23 i had done

a demo of the mainnet launch and also how to create a d5 wallet in episode 23. so

um again in in one of my recent episodes uh i also said that cro is one of the top coins for buying uh as a new

beginner if you're uh if you're going to invest in cryptos so today uh the the kronos evm launched a few days back and

um it's been it's been the talk of the town in terms of evms um so we're going to be doing uh

a demo of the chronos but before that the cro price itself the cro token so it's one of the long awaited tokens from

my list at least that i've been waiting for it patiently for such a long time and it's gone to an all-time high nearly

about thousand percent from its lowest price point so we look at a price point and we also we'll see how we can use the

d5 exchange chronos and there is a new d app called vvs finance how we can use it to do a daily

earning on chronos so one point before we get into cr1 went into chronos is that in episode 36 in my

thumbnail video i mentioned about two crypto tokens most of the crypto tokens have been talking about like 20 tokens

uh if you follow me for a for a year you'll know that most of my tokens have done phenomenally well some of them have

done 500 person some of them had done thousand two thousand percent as well in the in the past year but two tokens

um hadn't done so well and i had talked about it in episode 36 saying that you know i have to acknowledge while so many

of my tokens have done well some tokens haven't done well it's and especially those two tokens one was a

vex and another was copycat now copycat was a token that was down like nearly 90 percent or

in fact more than 90 during that point of time uh when i made episode 36 i specifically said that i'm still

confident i'm still 100 certain that this is going to be you know having a good run because the

project was a good project but it had been down phenomenally

from that point that we talked about in fact i talked about it in detail in twitter uh on september 10th at that

point the price was uh roughly around 22 cents and i had bought it at that point of time i also explained why i had

bought it it's basically like a etoro for crypto.com on the d5 network or on the d5

exchanges so um when i posted this video it was like i said it was about 22 cents on 10th of september and it had fallen

down when i made episode 36 around the 7th or 8th of november fallen down to nearly one cent it was about 93 percent

down so um huge huge uh slip from from the point that it started and again because it was a lot of work was was

going on in the background but was going on very slow so people had come on to it in the hope that they had a functioning

product but they were still working on it and gradually they were getting to that point

and uh in on 15th of november it had reached nearly 50 sensors 47 cents it even

crossed 50 cents at one point of time so from about roughly one rupee it went about to 35 rupees in indian rupees for

example and it was nearly a three thousand percentage jump in just a span of like you know one week after i had

made that video so that's just to show the example of patients it's a perfect example of patience and confidence that

if you invest in a project understanding the project what they stand for what they're doing

without you know just buying blindly if you understand what the project is all about do the research and get into it

you can stay confident even when it's 90 down and you can get the return of investment quite quickly and why did it

go up again a lot of people had asked me and i even posted the story in twitter saying why it is going up because

in binance labs they have an incubation program in the finance lab incubation program they pay attention to the

token and they encourage the ecosystem with a lot of development help a lot of pr a lot of

promotion material and it's it's basically a kind of a finance investment in the the

program itself and there were only about seven or eight programs that got selected and copycat was one of them and

in tamil there is a prob which says that only those who are patient will actually rule the worlds and that's practically

true for crypto as well that you know i'm taking time to talk about it because a lot of people want to just invest in

and you know realize profits in 10 days and move on people don't want to actually do real work um or you know to

have the patience to understand that if the investing in a project there's real work that happens in those projects and

that's the reason it actually pays the rewards and that's the reason these are the safer investments that we are trying

to choose again let's get back into the main story of the day cro um so if you've been

following my videos you probably know already everything about cr1 why i've been consistently mentioning right from

my episode 2 that cro is one of my top investments and in fact for this video before you watch

the how you can use crypto.com chronos and do a daily

earning in terms of the d5 you need to have certain basic understanding of d5 and also uh you need to watch episode 22

and 23. in episode 23 a five minute video i had shown a demo of how you can create a crypto.com d5 wallet so you

need to have a mobile d5 wallet crypto.com d5 wallet for the demo today i'm not going to show the crypto.com d5

wallet demo because i've shown it in that episode 23 in five minutes so and also uh if you watch episode 24 and 25

you'll know actually what define liquidity mining is how you can earn on a daily basis passive income on a daily

basis using crypto just by hardly not just by holding your crypto so i've done demo of it in episode 24 and 25. i used

binance smart chain for those demos today we're going to be using borrowing the same concepts and we're going to be

doing a demo on the chronos network all the links are in the description for these videos so cro when

i talked about it last year in fact one of the lowest price points was in december 2020 when the price was like

nearly five cents about 0.05 dollars and price was like indian rupees about 4 rupees

today again you know the point that i made it 15 that number it was about 0.47

um but it had now crossed 50 cents in fact and it is now nearly touching about 40 rupees so it is well exceeded

thousand percent i should say from that point in time and even in episode 34 when i made it like couple of months

back as an episode for new investors the price was like 15 cents it had still not gotten to that point but even from that

point onwards when i said that this is a solid coin for new investors it's still about 300 percent up so that's again you

know why we pick a coin which uh we have extreme confidence on because of the ecosystem so we need to uh pick a coin

with a strong ecosystem a strong leadership a strong team behind it and that's those are the safe investments

even when sometimes like the mean coins or other coins could do like 500 600 you could get wiped out in those kind of

investments that's why i keep mentioning that picking the right coins is is very very

critical in terms of the crypto world that you don't end up uh making unsafe investments you need to

make safer investments so i always say this term safety before profits so

crypto.com launched their own blockchain in march 2021 if you saw my episode 22 or 23 you would know that

the blockchain came long time back so why what is chrono what's the difference is that the ethereum virtual machine the

evm of blockchain if you know in my if you've seen my videos the

virtual machine capability on a blockchain makes it

or enables the smart contracts and decentralized applications to run on the blockchain

not all blockchains uh for example there isn't a full-fledged smart contract capability on on bitcoin blockchain for

example so the capability to run an evm or ethereum virtual machine is is

is phenomenal because then you can deploy any smart contract anybody can write a decentralized application on top

of that blockchain network and that evm for the cro network was still in test net stages for such a long time and the

name was chronos and it got launched on 11th of november after a long period of testing

so the token standard that they're calling into crc 20. so if you've seen episode 24 and 25 the the ethereum

network blockchain token standard is erc20 binance token binance marching token standard as be20 so similarly

crypto.com are calling the chronos blockchain token standard crc 20 which means

all major cryptos are potentially expected to uh release their tokens like they've

done with bep20 like usdt ustc most of it have launched their tokens on be p20 as well banana smart chain similarly

tokens are coming forward or tokens are getting launched on the chronos network also so you can easily transfer between

one exchange to another exchange using the kronos exchange or using the the crc20 protocol which means the fees will

be far cheaper than erc20 so crypto.org that was the original blockchain that

got launched in march 2021 that did not have a evm chronos on the other hand is the new evm enabled blockchain so crypto

itself crypto.com now has two blockchains one was the crypto.org main blockchain that got launched that time

and the new blockchain is the crypto.com chronos blockchain which is evm enabled now this is similar to binance binance

if you withdraw you will actually see b p 2 and b p 20. so b p 2 is the non e vm enabled network and b p 20 is the evm

enabled finance smart chain so again uh in in episode 23 i explained that when you try to withdraw from

your crypto.com app audio exchange prior to that mainnet launch in march 2021 cro was was on was hosted on erc20

piggybacking on the ethereum blockchain like many other coins before this but after the mainnet launch if you had

actually tried to withdraw it and you seen the demo you would have noticed that you will have two options erc20 and

cro now after the chronos launched after the third blockchain launch now we have three options you have erc20 you have

cro and you have kronos so going forward from this point onwards we are always going to be using

for the d5 purposes it is always better to use the kronos network so we won't be using the erc20 or cro like how in

binance if you're drawing it you will not use the bep 2 you will tend to use the b p 20 unless you are living in u.s

where i think the b p 20 is still not supported on the binance network so

the launch of the chronos evm was actually most expected and at the moment

not many exchanges have supported started supporting native grownups blockchain so the the best option to

transfer from an indian exchange is that you can transfer a low fee coin like xrp to the

crypto.com exchange version and sell it to your sell it to cro and then transfer the cro from crypto.com exchange to the

crod5 wallet i'll make it simple with a simple diagram and again if xrp or xlm if everything is disabled from exchanges

like was rex for example the best option would be probably to link it to binance and transfer it to binance and then from

binance you can bring it into the crypto.com exchange so alternatively if you already have the

d5 wallet uh based on my episode 23 and you're already having your cro within the crypto.com d5 wallet then i'll show

you how you can transfer it to the kronos blockchain using the kronos bridge i'm going to show a demo of that

as well and again you know like binance marching we can only use the kronos

coins or the crc 20 tokens for the d5 if you have your cro on the old blockchain the the crypto.com or blockchain then

you can't use it for d5 purposes that's what we are trying to bridge it through so they are already giving a bridge

token chronos bridge where you can convert your cro from the previous crypto.org network to the

crc20 network so i'll make it very simple with this diagram so if you already have cro in your d5 wallet you

can directly go to the d5 wallet there will be a bridge button corona pledge button click on it and you can convert

it into the chronos network and you will have it in the d5 wallet then you can use it in any

of the d5 apps if you have cro on your mobile app crypto dot com mobile app

then you can transfer cro to the gronas network using the kronos networks you select

withdraw and you will see the three options you select kronos network and you can transfer it to the d5 wallet

if you have cro on the crypto.com exchange then again you can do the same thing and

transfer cr using the kronos network to your d5 wallet so you can transfer it either to the mobile default or you can

transfer it to meta mask or any supported d5 wallet as well right now for this demo i'm going to be using the

crypto.com mobile d5 wallet if you don't have cro how do you get cro right so if you are if you are

outside of india if you are in uk europe or in us for example or singapore or those kind of countries you can directly

register for mobile app i give you the link in my description so you can directly register for the mobile app or

the exchange and you can buy cro using the mobile app and you can transfer it to the crypto.com d5 wallet

using the chronos network if you are inside india you cannot use your credit card or debit card on the crypto.com

mobile app so you can't buy it so you need an entry point and i've like explained many times in my videos so you

buy it in an indian exchange like wazirex for example use it like an entry point and then you can transfer it um

you can transfer a low fee token like xrp for example i think at the moment wazirex have disabled even xrp and xlm

so probably the best thing to do is transfer it from 10x to binance and from binance you can transfer

any token you can transfer like usdt for example to crypto.com and using the bep20 token because binance

and crypto.com both support the bep 20 which is again low fees so 0x2 finance is no fees and binance to crypto.com

exchange using bep20 is very very low fees so then you can take it to the crypto.org exchange and you can transfer

it to the cro network so those are the options where you can easily take it to your crypto.com d5

wallet and then you can start using your mobile defined wallet for liquidity mining rewards so

again if you have not registered for crypto.com mobile app or exchange you can find the referral link in my

description or you can directly go to crypto.com and you can register it so it's a it's a very simple process in

terms of registration so where would your cro be there are there are multiple staking options today for

cro and each taking option has got different unlocking options so we'll talk about that as well so supercharger

is one of the common staking where you can actually go and either in the mobile app or in the exchange you can unstack

it immediately without penalty there's no penalty you lose the benefits of supercharger from that point onwards but

for unstaking there is no benefit what i have personally done is i have unstacked all of my crypto all of my cro from the

supercharger event so i kept nearly about one third of my um cro on the supercharger and i kind of withdraw

everything from the supercharger event that's what i've been using for the d5 basically so mobile apps taking if you

uh have staked your your cro on the mobile app for the purposes of visa card you can

still unstake it but if you use your visa card for cash back then you can't get the cash back going forward you can

still use the visa card but you won't get a cashback so what i've done is i've kept my cro staked in the mobile app

because i use the visa card almost on a daily basis and i get a three percent cash

back on all my purchases so i prefer to keep the three percent cash back going so i've kept the cro staked in the

mobile app but if you don't have a card like for example if you live in india you don't have a visa card you can

actually uh from crypto.com so you can actually unstake it as well exchange taken earn there is a stake in

an option in exchange where you get a 10 percent interest daily interest and you become eligible for certain things like

syndication for example in this you can unlock within a 180 day cycle without any

penalty again i've kept mine uh purely because there's a ten percent daily interest that's going on and also

because of syndication eligibility not just because authentication eligibility i also get a

a discount in terms of the fees that i pay if i stake in crypto.com crypto.connection so it's one of the

lowest fees for me in terms of a centralized exchange to convert coins or to buy coins so i use crypto.com

exchange most of the time to buy um crypto uh or to to do the trading that i had shown in episode 15. so

to do that to get a discounted fees i still kept my uh cr staked in exchange d5 wallet cr was taking this is the

tricky one so when in march 2021 when episode 23 i had done the demo i said how you can get like 20 25 percent

interest it's come down to what 12.5 average interest now if you unstake from the cro uh

staking of the d5 wallet because of the uh cosmos network um there is a 28 day unbonding period and

this is in most blockchains you have a 28 day unbounding period because you have actually staked it on the node this

is proof of stake earnings that we were having and because it's being staked on a validator node it

will take 28 days for the unbonding period this is to protect a blockchain and i have already started my unbounding

period so just sharing what i have done personally also explaining the different nuances of

unstate so crypto.com defy apps uh there are a lot of it's like a little baby right now

the the kronos evm blockchain is like about five days since i made the video but it's about 10 days old but

currently when i made the video there was only one d5 smart contract enabled decks which is

the genesis d5 app called the vvs finance very very simple finance that's what it stands for vvs finance now there

are like two or three more additional defy apps but uh still i think vvs finance is still one of the top d5 apps

in chronos you can access it directly like i'm going to show in the demo today and

like how i had shown it in episode 25 where you can use metamock you can use it but in episode 26 for example i

showed in trust wallet how you can use the binance smart chain similarly i'm going to show the mobile d5 wallet and

how you can use it using the mobile d5 wallet that's what i'm going to show today but if you want to use the meta

mask you can watch my episode 25 and similar to that you can set up your metamask for the chronos network and you

can use it using multimask on the laptop as well if you prefer the laptop or the desktop so let's get on to the video so

first thing is we're going to be using the crypto.com d5 wallet this is what happens when you open the d5 wallet for

the first time and if you already have cro how do you convert the cro from the crypto dot org network to the kronos

network so you will see the kronos bridge as the option when you select your cro and you can click on the

chronos bridge and it will tell you that it is converting from crypto.org mainnet which is what was launched in march to

the cronus beta so chronos is still in the beta version so when you click on transfer i'm trying to transfer

everything to show you some common mistakes network face is negligible and bridge fees is actually waved off so

it's literally free to transfer from the crypto dot or to the chronos network so once i submitted it takes like less than

a minute again there are some congestions at some point of time where it becomes

a longer wait period but within a minute for me it got converted so now i don't have anything on the old cr network

everything is on the chronos network and this is one of the mistakes common mistakes that people will make because

if you don't have cro on the old network and if you have staked it in the mobile d5 wallet and if you try to claim or if

you try to unstack your rewards from the nodes taking it will tell you that you don't have any

cro for paying the fees so it's always better to leave like at least you know 10 cro on your old network on the

crypto.org network because otherwise it will you'll get a message like insufficient network fees

so if you have staked it on the crypto.com mobile d5 wallet in march or april based on my video or you've done

it then you need a small amount of cro so leave a small amount of zero so that you can unstack it or you can do

those transactions from the old crypto.org mainnet now i'm going to first claim the rewards and

then i'm going to start the unbonding period so it's better to claim the rewards first and then start the

unwanting so at least whatever rewards have been accumulated you can claim it so again for unstaking click on those

three dots against the validator node that you have done so it's not mandatory that you are you need to do it you can

if you're happy with the 12 percent you can continue with it in fact it could even increase with a lot of people like

me are sticking but if you click on confirm on stake it will tell you that there is a 28-day

unbounding period as enforced by the cosmos network on which the ah chronos network is running in fact cronus is the

first evm on the cosmos network so ah again you know you can initiate it

and it will take every day it will show you like a countdown uh when it's going to get relieved released for your

purposes so you don't need to unstake it if you're happy with it you can keep it there so

now i have um cro on the chronos network so at any point of time you can you can click on the cro balance and it will

show you um which network you have the cro against so now

i'm going to transfer the the remaining cro that i got for using the one that i claimed from the uh staking i'm

converting that also into the kronos network so now i'm going to transfer from

my mobile app into the uh chronos cro d5 wallet so go to receive cro and when you click on

the options you can see like i said there will be three options so erc20 the old option cro the olds here the network

and chronos select chronos and copy the address and copy the address and then you can use it to send uh

from your exchange or your mobile app in this demo i'm going to send it from the exchange so click on the crypto dot com

slash exchange and you can log in or register again i've given the if you have not registered i've given the link

in my description so once you register click on balances and withdraw and

like i said sometimes you won't find anything available everything could be in order

so if it's an order it could be either in supercharger or in stake instagram so for withdrawing from the supercharger

you can click on events and rewards and you can see the supercharger there so again i'm going to click on withdraw and

i'm going to withdraw all my tokens from the supercharger event just to show you that there is no penalty or there is no

waiting period for withdrawing from the supercharger event so click on review withdrawal and confirm withdrawal so now

i've got my cro which was logged in the supercharger event i've unlocked it to the uh the main balance so i am free to

withdraw it to the d5 wallet now so i'm going to click on withdraw against it and here it's going to ask saying

external wallet address click on the add withdrawal address in gain similar to crypto.com d5 wallet in the add

withdrawal address when we select cro there will be three options in the network erc20 cro which is the old

mainnet and chronos which is the new evm blockchain so i'm going to select chronos and i'm going to paste the

address from the mobile wallet and give it a name whatever it is and click on uh once you've completed your two factor

authentication you can withdraw the whole balance if you want again the transaction fee as you can see is

literally negligible so where erc20 the transaction fees is very very high bp20 is low and cro is even lower in five

so you can check your crypto.com d5 wallet in about two minutes it transfer for me

again if there is congestion when lot of people are trying sometimes it could take longer as well so now it has come

through to me the chronos that i transferred has come and

in this demo i'm actually showing i'm actually doing a demo with a different wallet so now we're going to access the

vvs finance so if you scroll down on your mobile app you can see chronos beta with a diamond icon that's the previous

rewards whatever it says previous rewards that's the vvs finance defy so we're going to be showing first we're

going to be swapping into the d5 so if you have followed my d5 series you'll know all about what a d5 app is

so here once you open it you can see that is already connected to your mobile d5

wallet it's a fluid experience it's a seamless experience so i'm going to click on

at the point when i made the demo the the apr percentage was really higher and there's another advantage of following

in twitter because you get to see some of these rewards at a very very early stage where the rewards are higher

percentage so click on swap and i'm going to swap from cro into wbtc so i'm going to provide cro btc cro bitcoin

pool so i'm going to swap let's say 40 i have 156 so i'm going to swap like 40 cro into btc so i click on swap and

confirm swap and for every transaction it's going to ask for the fees in cr1 and that's another great thing that

the cro that that has cr has become the uh token that is used for the gas fee so like how it did

to br bnb how the bnb um ecosystem developed using bnb as the fees uh this could also develop with

cro being the fees or the the token for the gas fees so then i'm going to click on add liquidity and we're going to do

the power of cro and ptc so uh you have to provide an equal amount of

equal dollar value of btc and cross i'm going to select max for the btc so um enable so first

time you you spend a coin you need to enable it so i will summarize at the end of the video i'll summarize what is the

total gas freeze for all of these transactions so you'll kind of get an indication how much expectation that how

much dollar amount you're going to be spending in terms of the total dollar total gas fees that you're going to

spend in all of these transactions so generally what i do is i speed up these transactions i speed up and show this

transaction in this particular video i have not i've basically just recorded it as it takes because i just want to show

how fast it is and it was blazing fast at the time that when i was trying it apparently because it was only about two

or three days old and also probably not that many people were using it at that point

so now that i've supplied the tokens my lp tokens will start appearing here once i get the message

and once i have the lp tokens in my d5 wallet then i can use my lp tokens to form it which is basically additional

incentive awards so now i get i got the message and if i scroll down i can see the lp token the liquidity pool tokens

in my mobile d5 wallet so i click on earn forms and i go to the farm that i want to invest in so first

time that you want to invest in a farm i can click on enable so enable again has a fee so like i said i'm going to list

down all the transactions where it is going to ask for a fees and how much average fees it was asking me

and like i said i'm recording this in real time just to show you how much time it takes so

roughly every transaction was taking about 10 to 15 seconds maximum 10 to 15 seconds there were probably like very

rarely one or two transactions which took about 20 seconds so again now the enable becomes stake and click on

stake tokens maximum and stake so the confirmation of the state tokens again took about 10 seconds roughly so

every transaction enabling it for the first time usage staking your tokens harvesting the reward everything

has a fees that is paid in the cro so now the funds have been staked into the cro btc so one farm i've done the

liquidity i mean i've done the swap i've done the liquidity i've done the staking into a liquidity pool token form and now

the rewards are accumulating on a real real-time basis so you can you can in fact there is a

new uh dashboard icon now on the vvs finance where you can easily track everything in one single page

so again i'm going to be doing a crow stamp just the same process we're going to be

doing it with cro vvs pair now so swap from cro to vvs confirm swap and once you've confirmed the cro gets converted

into vvs so part of cro i'm going to keep some cro so that i don't convert everything into evs so that i am able to

provide liquidity so i am converting about 30 cro into vvs tokens so the vvs tokens are

very very volatile right now because it's a new token relatively new token it's highly

volatile so i'll explain my strategy at the end of the video as to what i'm doing so i click on swap and the

conversion is done now i have enough cro and enough vvs so i'm again going to go to liquidity add liquidity

and providing liquidity for cr1 vvs so similar to how we did it for btc i'm just showing one more pair because it's

it becomes more clearer sometimes people say that you know it was it was going too fast and it needed to go back and

look at it again so i basically written two different examples cro btc and again cro vvs so enable vvs for the first time

spent once you've enabled both the tokens the supply option will become will become enabled and once you click

on supply again every transaction like i said was taking about roughly uh 10 seconds after you have paid the um the

the gas fees for the transaction so uh once the the liquidity is supplied similar to how

we saw in the cro btc you will be able to scroll down and you will be able to see the

liquidity pull tokens lp tokens so once you have the lp tokens go to the farm and you have to enable the farm in crovs

so at that point of time the cro vvs was pretty high even now the cro vbs is a little bit higher as compared to the cro

btc so initially even the cro btc was was around thousand percentage so enable the farm for the first time

usage and that's only a one time so later on if you want to add more uh liquidity to the same form that you've

enabled you don't need to enable it again and again the one-time enabling of the form so enable will change to stake

lp so i'm going to take the maximum tokens that i have and i confirm so the staking of the lp tokens is apart from

the fees that you get as a liquidity provider it is an additional incentive to cover the impermanent loss which is

what i have explained in my episode 24 in detail why they are providing you this additional

benefit because you will incur a permanent loss and this is to cover that in permanent loss so that you are

protected against your impermanent loss to a certain extent again you know there is a lot of volatility with impermanent

loss so you need to read up on that to be able to know that whether it's suitable for you or not

so now that we have done it i'm going to wait and every minute the rewards or

every second every with every uh block the rewards will keep increasing so i'm showing you another um

d5 wallet i've got like two 3d5 wallets to make this video and i've made like 205 dollars in about two or three days

so i'm going to click on harvest and if i have it in four different forms i've actually invested in all four forms

to do a test i don't need to go and click on every single form to do the test i can

actually click on harvest once and all the four forms will come up with the gas piece message and i can click on

ok ok ok and all four forms will get harvested in one go i don't need to do it one by one i don't need to go to each

form and do it but again if you prefer to do it in each form for example in one form you might have more money and in

another form you might have only like you know 10 or 15 dollars of rewards and you don't want to

collect it now you can let it accumulate again you can do it individually as well i was just showing the option where you

can do it all together in one go so there were multiple forms and i harvested all of the forms in just one

go itself now once all of the vivious tokens

so the earnings are paid in vvs tokens so once all of the use tokens are harvested you are free to use the revis

tokens in whatever way what i have done my strategy i'll explain again the end of the video is that i'm converting all

of the use tokens into cro or into cro btc because i'm more confident on cro or those tokens than keeping it in vvs

because vbs might fall at any point of time so

again there is a vivious auto compounding in the manual vvs token uh mine which is like a single token

staking like in pancake swap using a cake token uh single token swapping again okay so some of the key points

from the demo that we did um if you're staking in the depay wallet then you and you want to claim rewards and you want

to withdraw sake you need a bit of cro so don't convert all of your cro from your

crypto.org to your chronos keep a little bit of cro so that in the crypto.org if you want to claim or if you want to

withdraw then you need a little bit of cr so don't bridge everything that's one learning

and vvs finance is a genesis app it was the first app that was created so initially um the cro apr will be really

high and as we had seen in pancakes web finance when we did the demos in like you know april uh time frame the apr

will keep dropping apr will keep reducing so initially aprs will be really high when more and more people

start using it and more and more people start providing liquidity the apr will always keep dropping so that's something

common in all the decentralized finance and a lot of cro from lot of people is locked into the 28 day unbounding period

so there's probably more opportunity to earn now using the unlocked crf already have cro unlocked so

when all of those cro get unlocked when people start unlocking it there could be a price drop because there's more cro

that is entering into the market and there's more liquidity available there could be a price drop so

vvs token initially had a huge increase because of it being the only decentralized application in sierra in

cro again with more decentralized applications coming it could also see a small drop or a big drop it will be very

volatile as a as a d5 token in fact it is a inflationary token i mean it has a 50

trillion supply so it's going to always keep increasing the huge supply for vvs tokens so

it's always better to be careful of so the the ultra high token supply of 50 trillion tokens again next year is going

to continue to 25 trillion tokens so they've gone with a slightly different approach in terms of uh

in terms of an exchange token so it's something to be careful of in terms of you know whether you want to hold on to

vbs or you convert it to movies personally my strategy is that i'm converting it into cro almost on a 2-3

hour window or maybe sometimes i wait for a day and i convert everything into 0 depending upon the previous price

point again like in matic there are many form tokens initially

which lost significant value in fact like tokens like polyelt completely rug

pulled a lot of investors so be very careful in choosing the right platform vvs token

vvs finance is a partner of crypto.com.com introduced them as a partner they said we know the previous

finance team and they've also been funded by the particle b acceleration program so there's a lot

of security analysis that crypto.com have done on vbs finance a lot of new d apps anybody can write a d app on

chronos like polygon basically but uh you know there might be a lot of rock pull um

exchanges that will come a decent collection will come up so be really really careful before you choose any

other decentralized exchange on the chronos just like how we are paying for the

security on binance smart chain as well as polygon pay attention to the security on the

chronos blockchain as well so again all the rewards are coming out in the previous finances vvs token so if

you get like hundred dollar of uh stock under what and vvs token let's say falls in price right it becomes fifty percent

then all the effort that you spend to get the hundred dollars will be worth only fifty dollars so impermanent loss

is is extremely tricky to calculate in this kind of a fluctuation so again watch for the price of evs and

watch for the price of cro and my strategy is that i'm i'm converting it into uh cro so

ah if you had thousand dollars of cro then you convert half of it into cro and half of it into another token like uh

vvs token for example then you will provide liquidity and you can

get a lot of benefits in the first week because it was thousand percent thousand five hundred percent but the impermanent

loss is a bit tricky because if if cro jumps by 100 and you did nothing and you held on to

your cro you could have had two thousand dollars but because you have only uh 500 worth of tokens that could become like

thousand dollars the rest of the vvs may not go up as much as as it need to so you might not end up with two thousand

dollars you might end up with less than two thousand dollars despite the fact that you've earned like

two hundred dollars using the apr return of the uh the benefits of the d5 mining so the impermanent loss could be higher

depending upon how high cro goes to in the short term particle b is accelerate the program

particle b is basically like a finance funding program that was supported that was initiated by crypto

nearly a billion dollars um to accelerate a lot of d apps to come to the chronos ecosystem in fact they are

providing portability of the exchange if you already written a d app like pancake sport finance for example they're

helping them come on to the chronos network not that pancakes are financed would want to come but if you already

have a big exchange they are asking those exchanges to come to the chronos network so there will be a lot of

competition to the vvs finance and once there is a competition there will be a tug off for to find the best da

centralized application like in bnb pancake swap finance currently is like ruling the uh the rooster i would say

so again what i have it what i have done is i've taken a balanced disc and i've moved one

third of my cro i'm still holding the rest of the cr1 my exchange wasting and and in my app

so i've moved one third of my cro into the d5 wallet and i've put most of my holdings into vvs right now and i'm

providing liquidity in mostly in cro btc and zero ethereum path because i like both the powers you know even the worst

case scenario is that if i end up with either btc more or cr or more i i'm fine with that because they are more um kind

of you know safer pairs from my perspective so i can continue providing the liquidity and continue earning the

rewards regardless of what happens in terms of the impermanent loss or what happens to one of the tokens

i am also providing liquidity in crowbs and vvs usdc but just purely for the rewards the risk ratio

the risk is higher so i'm using a risk ratio to to lower my um risk percentage so i have like almost 70 75 percent of

my cro in those two forms and less than 25 percent in these two forms in five and like i said every two three hours

i'm getting my vvs converting it into cl and putting it back into the cro btc power on the cro ethereum path so i'm

not holding the same vvs separately in in those single pole vvs tokens so uh what did what did it cost us in

terms of the cro gas fees right so again i posted it in twitter with a comparison as well so enabling the token costed us

like 0.25 cro uh swapping the tokens costed at uh about 0.250 supplying liquidity costed at like 1.3

cro uh enabling the uh liquidity pool token was on one cro staking liquidity pull token was one cro harvesting was

about one zero so roughly about the entire cycle cost roughly around two dollars i would say so something to

watch out for that you know you are using nearly two dollars uh even though using cro as a base currency spending

about two dollars so make sure that you're having enough investment to cover this kind of uh

gas fees basically so if you're only going to invest 20 for example it's probably not worth spending two dollars

on gas fees for 20 worth of investment so you need to calculate that investment versus the gas fees percentage uh just

to be sure that you're getting correct returns to cover your gas piece and make profit over and above your gas piece

again right now i calculated using a 0.5 dollars as the base uh value for cro so

when cro increases again hopefully the amount of cro should come down the dollar value should

probably remain similar i would expect and there is a zero point two percent uh liquidity fees or zero point one seven

percent in in some cases liquidity fees being paid to the liquidity providers that's the incentive for providing

liquidity so final words is that i moved into the cr ecosystem as i made my videos last

year i was very clear and i've been patiently waiting for this opportunity because trusted in the cro ecosystem

like i said multiple times and this is a very rare opportunity where you get into an ecosystem so early and you've been

waiting for an evm launch and evm launches like the pinnacle of uh the ecosystem of a blockchain and i've been

waiting for uh the evm launch and it's an ambitious blockchain it's a it's an early stage but it's an ambitious

blockchain with even capability so i'm super excited about cro in terms of the fact that the gas fees is actually going

to be cro as well and could learn to it could lead to burning opportunities you know where they had 100 billion to start

with they burned 70 billion already and the remaining 30 billion supply again could be further burned down because of

the gas fees so what i believe is that because the cr

was being used as gas piece uh it could start reducing the supply of cr but it's not officially confirmed by crypto.com

so cro is not an inflationary coin like bnb ethereum everything that is used as a gas piece today on our evm is not uh

they are all inflationary coins which means new bnb is getting minted on a daily basis even though they do a bnb

burn new bnb gets minted on a daily basis or with every blockchain however from my

understanding from what cro has explained crypto.com explained cr is not an inflationary coin there is a fixed

token pool which means that the supply is going to come down and down that could also mean that it is going to

increase the value of cr so it's a relatively new evm um and uh for for uh evm ecosystem coins

this concept of not being inflationary is kind of new so i am hardling my i'm holding on to real life for my cro right

now and i'm going to use my cro for passive income at this point of time so again i wanted to uh do this as quickly

as possible with the relatively new evm being launched so hopefully this was useful to you until next time thank you

bye