Crodo: updates and new epoch of Ambassador Program
Crodo — IDO platform on Cronos Blockchain
About Crodo
The Crodo platform provides decentralized fundraising in the Cronos ecosystem for projects at an early stage of development at favorable terms for investors and platform creators. We have opted for an improved way of distributing coins among the pool members in a playful way with an clear interface.
Advantages over other IDO platforms
- The technology is built on the fast-growing Cronos blockchain with a huge ecosystem and support from the world’s largest exchanges,
- Unique integrations and game mechanics for startups and users,
- Additional rewards for investors — ranks for long-term cooperation,
- A cluster of powerful servers that solves the problems of congestion at the time of the IDO,
- Intelligent chatbot for registration reminders, whitelist approval, and other important events,
- Ambassador’s cabinet with task reminders, competitions, points system and task status tracking.
Integrated chains
Recently the team announced new chains support and currently Crodo is integrated with following netowrk:
Redemption of tokens
The token swap system is presented as a fixed liquidity pool.
Crodo allows private investors to redeem a token at a profitable price and the start-ups can predictably collect the required amount of investment , as well as prevent a quick flush on exchanges during listing using systems of gradual funds' unlocking.
To get these benefits, users who want to buy back tokens at a bargain price compete with each other using the following mechanics:
Separation of users into shooting ranges depending on the received Gravity.
Performing tasks of token projects.
- If you are whitelisted, then when the specified time for the start of sales comes, you need to enter the tokens required by the pool into the exchange contract through the site interface.
- When the distribution date comes, the tokens will automatically dropped to your wallet.
About Cronos
Cronos is the first blockchain that interoperates with both Ethereum and Cosmos ecosystems. For DeFi, NFTs, Games and Metaverse. The chain can process more transactions per minute than Ethereum, making it faster, cheaper, and greener to execute smart contracts.
Cronos has already reached a top 7 position among all chains by TVL and is used by >800,000 users, growing at 20% per month. Cronos is powered by the Cronos ($CRO) cryptocurrency, which powers an ecosystem of more than 50 million users worldwide.
Crodo Ambassador program
If you are a proactive crypto enthusiast and would like to take part in development of Crodo ecosystem, then you can become an Ambassador and get many benefits. By creating content for Crodo.io you can
Create content, spread Crodo’s vision, become a part of community and get rewarded for that. At the end of each epoch you will get points. Epoch is the time period during which Ambassadors collect points and receive CROD tokens according to the percentage of the total amount collected in the epoch from all participants of the Ambassador program.
As per Crodo whitepaper 21% of token distribution is allocated to Community Ecosystem. This means, that a relatively large part of the total tokens value will be allocated to rewarding of the community and ambassadors.
If you want to get further details on Ambassador program, read my previous article about it.The link to become Crodo ambassador is here.