As mentioned above, CronaSwap is a DEX built on Cronos Chain , which has a similar model to Uniswap. CronaSwap exchange helps users trade and swap CRC-20 standard tokens easily on the Cronos network with high speed and low cost.
CronaSwap allows users to trade without going through a centralized exchange. Everything you do on CronaSwap is transferred directly to the wallet.
When you add liquidity to the pool, you will receive LP tokens. When someone does a token swap, a transaction fee of 0.25% will be charged. 0.17% will be returned to liquidity providers as a reward.
Example: If you add liquidity to CRO/CRONA, you will receive CRO-CRONA LP tokens. The amount of LP tokens you receive represents your share of the CRO-CRONA liquidity pool. You can always request your withdrawal by clearing that liquidity.
CronaSwap Farms provides many farming opportunities for users. You can staking your LP tokens and in return will earn CRNA tokens. Crona incentivizes multiple liquidity pairs by offering liquidity providers the opportunity to staking their LP tokens in.
This is a less resource intensive alternative to mining. It allows you to use your tokens to earn more tokens for free. Simply put, you lock your cryptocurrency to get a reward. From the outset, users can only staking crona in exchange for more crona . CronaSwap is planning to add more opportunities (token) in the future. But for now, you can only stake crona in exchange for crona .
IFOs are used as a type of fundraising event to help new projects raise capital through pre-sale events organized by decentralized exchanges. Investors can participate in pre-sale events and buy tokens of new projects.
The CronaSwap IFO acts as a project launch pad and allows you to explore opportunities to purchase tokens of new projects on Cronos. Possession of veCRONA is required to be eligible to participate in the basic IFO sale. Your VeCRONA will determine the maximum amount you can commit to the IFO event.
CronaSwap Lottery is a game of chance in which winners are chosen at random. Lottery's allows every user who has purchased at least one lottery ticket to receive a CRNA prize.
The initial amount will represent 16.65% of the total maximum supply and will be broken down as follows:
After the first minting process, the remaining 83.35% of the supply will be minted, following the CRNA emission schedule.
All deflation can be controlled through a decentralized governance vote.
* The deflation mechanism is not yet active and will start after the DAO is set up.
veCRONA stands for CRONA Escrow Voting. They represent RONA tokens that are locked for voting. The longer you lock the CRONA token, the more voting power you have and the higher gain you will receive (mining reward).
1. Governance voting for various public activities in the community.
2. Accelerate Farm mining, allowing you to enjoy higher APR.
3. Vote to determine the weight of Farm Pool rewards.
4. Vote to determine the new project partner's Farm Pool and reward weight.
5. Airdrop rewards of project partners will be given priority to users who hold veCRONA.
6. Participate in IFO activities. The new version of the IFO will use veCRONA as the entry (which will be reflected in the IFO Base Sale).
7. Users holding veCRONA will be entitled to a portion of the buyback dividends in the IFO.
The roadmap lays out the planned features for CronaSwap . These are subject to change based on community feedback and governance discussions.
Updating…
Information about investors has not been officially announced. However, because Cronos is a system built and supported by Crypto.com - one of the largest exchanges currently, plus CronaSwap is one of the AMM DEXs that play an important role for the Cronos ecosystem, so It is impossible to rule out the possibility that Crypto.com will also financially support the project.
Some of CronaSwap's partners are: AnySwap, Adamant.Finance, Zeus Finance, Crystal Finance... Among them, AnySwap - the first decentralized cross-chain exchange.
Please refer to the project information channels here:
The current model of CronaSwap will be similar to many other AMM DEX exchanges. Basically, the scale is still small and the features have not been developed much.
However, the project is still trying to add more farming or liquidity options so that users can customize their trading strategies accordingly. Above is the latest information about CronaSwap and the project's token. How do you guys rate this project, please share with TraderH4.
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