What is Cronos?
Cronos is an Ethereum Virtual Machine (EVM) chain and will run parallel to the Crypto.org Chain, the blockchain has four main features
- Enable Smart Contracts: Developers can build faster dApps on Cronos to process more transactions per minute.
- EVM Compatibility: Cronos can support any dApp or smart contract running on Ethereum or any EVM compatible blockchain to enjoy faster and cheaper transactions.
- Interoperability: Built for NFTs, Metaverse, GameFi, and Web3.0, Cronos is the first Cosmos EVM Chain for DeFi, NFTs, and Metaverse.
- Scale DeFi and DApp ecosystem
Cronos is a high speed throughput side chain to Ethereum, similar to Polygon with high transaction speed and low gas fee’s, backed by $CRO also known as a one of the most aggressive marketing cryptocurrencies Crypto.com
Cronos Use Cases
Just as the Cassini upgrade was a resounding success at launch, with more than 2 million transactions and more than 400 smart contracts deployed, Cronos is projected to have the same hype. This update will let users have these benefits:
- DeFi: Trade, earn passive income, lend, borrow crypto with low gas fees and fast transactions.
- NFT: Get NFTs to show your status in the ecosystem.
- Metaverse: Build future games and metaverse.
Lauching on Cronos
We are set to launch a new protocol and token on the Cronos chain, similar to StormSwap it will be a layer one earn protocol in the first phase with similar roadmap as StormSwap started off with, with a few improvements to the tokenomics. The main goal is to be the top DeFi Earn protocol on Cronos. Once the token distribution of the new token is finished, it will follow the same roadmap as $STORM, opening for NFT’s, AMM and a launchpad!
The new token will be listed on 17/11 at 14.00 UTC
Farm launch on 18/11 (block number will be announced on the new website launch)
It will be a fair launch. The contact address will be posted approximately ten minutes before token listing
The website will be launched one hour after token listing
Token name:- $WIND
Total supply:- 2 Million
Pre-mint:- 48k $WIND
Emission rate is set to 2.2 $WIND per block the first week and following that is a emission rate adjustment to 2 $WIND per block.
Listing price:- 0.3$ per token
StormSwap track record
StormSwap had an extremely successful launch on the Avalanche network, starting with no following or community base, we launched and within our first week on Avalanche we quickly became a top 10 project and the highest valued straight Earn protocol on Avalanche.
We see huge potential in Cronos as we feel their marketing is second to none, combined with high throughput and low gas fee’s we feel it is a perfect fit to DeFi protocols specializing in Earn protocols. The main net of Cronos launched on 8/11, just a few days ago.
How will it benefit StormSwap on Avalanche?
The project on Cronos will be ran independently from $STORM on Avalanche to begin with, this however does not mean it will not greatly benefit $STORM in terms of publicity and marketing, as it will be ran by the same team driving traffic to StormSwap.
StormSwap moving to a multi-chain project is highly beneficial as we will greatly increase the exposure from different chains and investors.
We will eventually be working towards a bridge to swap each token on both chains, this will be added to the roadmap of each projects.
Top 500 $STORM holders will automatically participate in an airdrop on Cronos recieving $WIND tokens. A total of 10K $WIND tokens will be distributed. A snapshot of the holders will be taken 24 hours after this article is posted. No follow up announcements will be done once the snapshot has been taken.
We would like to clarify that we are not leaving Avalanche, we are expanding to Cronos as part of our multi-chain expansion vision.
See you there, see you here! Stay safe the storm may bring some chilly winds!
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