Crodo provides decentralized fundraising in the Cronos ecosystem for projects at an early development stage at favorable terms for investors and platform creators while Cronos is currently building their infrastructure and ecosystem at an amazing growth rate. Have you ever been curious about its rapid growth?

Let’s get to understand the Cronos network and Crodo’s interaction with the network.

Cronos is an EVM compatible sidechain running in parallel with the Crypto.org Chain. Before launching Cronos, the Crypto.com ecosystem encompasses the Crypto.com chain and Crypto.com centralized exchange

Cronos is running on a Proof of Authority (PoA) consensus algorithm and is powered by Ethermint — a PoS chain interoperable with Ethereum. It wants to massively scale the Chain DeFi ecosystem, by allowing developers to rapidly port apps & smart contracts from Ethereum and other EVM-compatible chains and one of such port apps being Crodo.

Cronos’ Core Features

Token Name: Crypto.org Coin

Ticker: CRO

Blockchain: Cronos

Token Standard: Updating…

Contract: Updating…

Token Type: Utility and Governance

Total Supply: 30,263,013,692 CRO

Circulating Supply: 25,263,013,692 CRO

CRO Token Allocation

CRO coin only distributes to the secondary market. It means CRO has no pre-sale, no public sale.

CRO is a utility token of the Crypto.com chain, Cronos and the Crypto.com exchange. Crypto.com uses CRO in all aspects of their ecosystem, including:

Payments: Crypto.com Pay, Crypto.org Chain and Visa Card.

Trading: Crypto.com App & Exchange.

Financial services: Crypto.com Earn, Crypto.com Credit & Crypto.com DeFi Swap.

One can say that CRO is widely used in the Crypto.com ecosystem and it continues to grow the utility by being a native token on Cronos.

After analyzing the work of other IDO sites, the following problems was found:

· A chat bot was developed in Telegram, which will warn you in advance about an important action.

· Problem of slow site servers has been solved by using CDN and DDOS protection through CloudFlare.com and hosting servers in Kubernetes on dynamically created virtual servers in DigitalOcean.com.

· Titles have been introduced for holding tokens, which are reset if tokens are withdrawn from the site.

· 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.

· 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.

The Ethereum Virtual Machine (EVM) has bred many useful and interesting projects. Instead of re-implementing the wheel, Crypto.org Chain can leverage these existing projects and add on top of the high speed and low transaction costs of Cosmos SDK. Cronos is an EVM sidechain along the main Crypto.org Chain built on Ethermint with smart contract capability. It aims to empower and scale decentralised applications for the future multichain world, focusing on use cases of NFT, DeFi and payments. EVM support will allow for simple porting of apps from other chains, driving exponential ecosystem growth for Crypto.org, a fully decentralised, open-source, public chain with high speed and extremely low fees.

Cronos Testnet is based on Ethermint is a proof-of-stake blockchain built on the Cosmos SDK which is EVM compatible. Ethereum requires improvement in scalability, gas price, and customization. Cronos utilizes Cosmos SDK (opens new window)and the Tendermint (opens new window)Core consensus engine underneath. Tendermint works well for PoS / DPos networks, allows high transaction throughputs, and provides instant transaction finality on block commitment. It was chosen as the consensus engine for the Chain prototype due to the following additional reasons:

Backed by formal research (opens new window);

Robustly tested implementation (opens new window);

Track record of adoption: Tendermint has been in continuous development since 2014, and has been adopted by several high-profile projects (opens new window); and

Modular architecture: It offers flexibility on which and how applications are developed on top of it.

Cronos utilizes Ethermint (opens new window)and the Tendermint (opens new window)Core consensus engine underneath. Specifically, the Cosmos SDK is a framework that facilitates the development of secure state-machines on top of Tendermint. In particular, we utilize different SDK modules to facilitate the special features of Cronos.

In this documentation, we will be focusing on some of the important modules we used, for example:

Bank — Token transfer functionalities and query support for the total supply of all assets;

Distribution — Fee distribution, and staking rewards to the validators and delegator;

Governance — On-chain proposals and voting;

Mint — Creation of new units of staking token;

Slashing — Validator punishment mechanisms;

Staking — Proof-of-Stake layer for public blockchains

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