Cronos
Looking at the development of Crypto.com, we began to understand the large scale of its spreading around the world. The company stood out not only with large-scale marketing but also with really useful functions:
A payment system that allows you to quickly install the ability to accept cryptocurrencies on your website.
The exchange, which is already in the 11th place by CoinMarketCap.com
Mobile application - wallet
Credit loans
VISA payment cards
The main disadvantage of the Crypto.com network was the inability to develop decentralized applications. To do this, Crypto.com has developed an additional Cronos network. It has implemented EVM (Ethereum Virtual Machine) support, which allows the use of smart contracts, as well as a bridge with the main network, which allows you to conveniently exchange tokens
https://cronos.crypto.org /bridge
At the moment, the development of projects in the network is just beginning, so developers and users really lack the IDO platform, with the help of which the network will develop even faster.
Advantages
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When developing this platform, we wanted to bring a new convenience level in the work of IDO sites and become an example for others.
After analyzing the work of other IDO sites, we found the following problems:
Lack of reminders to participants about the start, approval in the whitelist, the start of the token redemption stage, etc. Because of this, participants sometimes forgot to enter the site on time and lost the chance to buy a token at a bargain price.
For this, a chat bot was developed in Telegram, which will warn you in advance about an important action.
Slowly running site servers that do not cope well with a sharp increase in traffic, which leads to problems accessing the IDO site at the right time.
This problem is solved by using CDN and DDOS protection through CloudFlare.com and hosting servers in Kubernetes on dynamically created virtual servers in DigitalOcean.com
Staking system without additional motivation to keep tokens locked. This causes the price to drain at an unfavorable market period.
Titles have been introduced for holding tokens, which are reset if tokens are withdrawn from the site
Lack of convenient ambassador programs
An ambassador program was created with the ability to send tasks, monitor their status, view the balance of points earned, reminders of new tasks, a competitive system, an affiliate program
Participants do not understand projects and buy everything in a row
Project integration options have been developed to engage the audience for real use
Tokenomics
Type: CROD Token on Cronos
Ticker: CROD
Total supply: 100 000 000 CROD
Token contract (TestNet): 0x03b7796B662646f6fEfe1e39131390e2478e6036
Source code: github.com/Crodo-io/Contracts/blob/main/contracts/crodoToken.sol
Distribution contract (TestNet): 0xD1B36394377aACc926AF697cB97A2d754831dF94
Source code: github.com/Crodo-io/Contracts/blob/main/contracts/distributionContract.sol
Initial circulating supply: 480 000 CROD
Initial market cap: $86 400
Seed price: $0.10 USD
Private sale price: $0.14 USD
Strategic sale price: $0.16 USD
Public sale price: $0.18 USD
Token distribution
For our private and public sales rounds are distributed over many different participants. So, we are trying to create the most fair token distribution on launch possible with no single entity holding large supply quantities.
6% Seed - $600 000 at $0.10 per token, cliff for 6 month, 3.7% unlocked each month within 27 months
8% Private sale - $1 120 000 at $0.14 per token, cliff for 3 month, 3,85% unlocked each month within 26 months
8% Strategic sale - $1 280 000 at $0.16 per token, cliff for 3 month, 4,17% unlocked each month within 24 months
4% Public sale - $720 000 at $0.18 per token. 12% unlocked, cliff for 3 month, 17,6% unlocked each month within 5 months
15% Team - cliff for 17 months, 4% unlocked each month within 25 months
6% Advisors - cliff for 17 months, 4% unlocked each month within 25 months
12% Liquidity - Fully unlocked
20% Strategic Reserve - cliff for 6 month, 2,85% unlocked each month within 35 months
21% Community / Ecosystem - 5% unlocked, 2,97% unlocked each month within 33 months
Marketing
Stage 1: Ambassador program
https://crodo.io/ambassador?p=7815fa43c6d6e88f90af364426a86826 JOIN Ambassador program
Stage 2: Public Sale
Public sales will be divided between platforms that support pre-sales on the Cronos network
Amount of tokens for public sales = 2 000 000 CRODs or $ 360,000 are allocated at $ 0.18 per token.
For public sale in Crodo platform
Amount token: 500 000 CRODs
Preparations will begin 3 weeks prior to listing. The sales announcement will be released on our social networks and third-party media resources with a link to the application.
In the application, a potential participant will need:
Connect MetaMask wallet
Connect Telegram - bot
Subscribe to the channel in Telegram
Verify KYC
For performing this basic actions + 1 ticket.
Additional tickets will be credited for:
Join Telegram chat +1 ticket
Twitter subscription +1 ticket
Repost posts about public sale on Twitter +1 ticket
Discord Join - Channel +1 ticket
Subscribe to instagram - account +1 ticket
Like and mention of 3 friends in the comments to the post about public sale in instagram +1 ticket
Other tasks from partners
The number of a participant's tickets affects luck.
The completion of the participants' recruitment will take place after 1 week. Upon completion, all completed user actions will be checked and random 1200 winners will be determined.
If the tokens are not fully redeemed in one day, then the next rounds will start until all tokens are redeemed.
For public sale in other platform
Amount token: 1 500 000 CRODs
Details will be posted later
Stage 3: Staking Rewards
Rewards will be announced 1 week prior to listing.
Staking will give users the opportunity to block tokens on the site for profit in the form of the same CROD tokens.
Period for issuing awards is 6 months
Total number of tokens to be rewarded: 1,000,000 CROD
The reward is calculated proportionally between all participants.
Also, participants are given titles, which additionally motivates not to withdraw tokens. When withdrawing tokens, the title is reset
