Thursday, February 9
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CronoSocks
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- Other
Inspired by Unisocks, CronoSocks is Cronos latest brainchild created for the community. A showcase of how blockchain technology can be used to trade physical items. Built on a foundation of mathematical theories, CronoSocks achieves the first Cronos based physical item; a pair of socks that utilize a Bonding Curve for a dynamic pricing mechanism. The Socks are represented on the Cronos blockchain by redeemable CRC20 tokens ($CSOX). Only 10000 socks will ever exist, and their price will grow dynamically depending on the flows of the liquidity pool. Each $CSOX token sold will increases the price of the next, but holders of $CSOX can sell their tokens back into the pool.