The Reference Book has this to say on:
A Mythical Dragon Digimon formed when V-mon performed an "Armor Evolution" with the "Digimental of Fate". He is a precious being in that while he possesses an extraordinary amount of offensive ability among Armor-leveled beings, when he gets in a pinch he'll show off power equivalent to an Ultimate-leveled being. In addition, he illuminates the darkness of the Net with his golden body. His special attack is "V Breath Arrow", a golden heat ray.