
Chromia
Chromia is a blockchain protocol that aims to provide a decentralized, developer-friendly platform for building dApps and games. It is built on top of a relational blockchain, which enables more flexible and powerful data handling compared to traditional blockchains. The Chromia (CHR) token is a main component for participating in dApps and games built on the Chromia blockchain. It needs for transaction fees, node running fees, staking rewards, and using CHR as a medium of exchange.
Categories:
Layer1
Updated:
2023-03-10
Tags:
Proof of Stake
Ticker:
CHR
Token Strength.
Token Utility:
- Transaction fees are paid by users when they trade dApp tokens with CHR - Hosting fees are paid by dApps/Games directly to node Providers for their services - Medium of exchange. To purchase dApp tokens, users have to buy CHR on the market. - CHR is needs to be staked to create a validator - Governance. CHR token will be used as a governance token
Demand Driver:
- Yield Farming (tokens get paired with CHR thus increasing demand for CHR) - Medium of exchange to buy game currencies. - Dapps need to pay hosting fees for used nodes. - Collateral for node providers to validate blocks. - In future: Governance and voting.
Value Creation:
Chromia offers efficient and cost-effective side-chains for decentralized applications (dApps) and games. Its competitive advantage is low transaction fees and high throughput. Users would use CHR for transaction fees like ETH does now. Games and dApp developers were attracted by the capabilities to deploy their apps on Chromia sidechains quickly and collect aforementioned fees directly from users.
Value Capture:
The Chromia protocol currently needs a means of generating revenue, as the protocol has NO built-in income sources. All the fees collected from users for token swaps go to Dapps developers. The only designed source of token flow to the Treasury is % of transaction fees that should feed the System Node Compensation Fund. But this fund is designed to cover the expenses of system node Providers who don’t get paid by dApps.
Business Model:
The protocol has no direct ways to get revenue from running the blockchain. The only way for the treasury to increase in value is to increase CHR price
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Protocol Analysis.
Problems & Solutions | Protocol solves the problem of high-price and slow transactions on blockchain. |
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Predecessors | Ethereum. |
Investment Take
... coming soon
Tokenomics Timeline.
2019-05-28
TGE
Token generation event on Kucoin exchange.
2020-10-05
Token fork
Due to hack of Kucoin CHR token was forked on Ethereum blockhain
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Allocation and Emission.
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Resources.
Tokenomics DAO
3rd Party
Author.
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