Cronos ID $CROID

Cronos ID is an innovative decentralized identity and communication layer built on the Cronos chain. This advanced platform provides users with the means to send and receive information on-chain through human-readable identifiers. To enhance user experience and interaction, Cronos ID is powered by 3 key subprotocols: Domains, Notifications, and Messaging.

Key Subprotocols of Cronos ID

Domains

This subprotocol provides each user with a unique on-chain identity. Users can effortlessly find friends and exchange crypto due to the simplicity and individuality these domain identities offer.

Notifications

The Notifications service is designed to keep the community informed about key protocol events, alerts, NFT bids and more, eliminating the need for manual checks on DApps for bids or collateral factors.

Messaging

The Messaging subprotocol enables users and projects to connect and communicate with one another in a verified and secure environment.

Tokenomics & Utility of $CROID

$CROID, the native and governance token of Cronos ID, plays an essential role in the broader ecosystem of Cronos ID. It is used in the Domain Subscription Module and the Rewards Pool.

Domain Subscription Module

Users can register or extend their ownership over specific domains using this module. Payments are made in $CRO or $CROID, the native underlying chain and native protocol tokens respectively. Discounts may be offered based on the duration of domain registrations.

Rewards Pool

Cronos ID domain holders can deposit their $CROID into maturity vaults to earn additional $CROID rewards. Users can choose the duration of maturity vaults, with options of 1-month, 9-months, 24-months, and 48-months. Staking rewards of $CROID and $wCRO are then provided.

As of November 17th, Cronos ID has concluded its public sale and began emission on November 18th. $CROID is currently available for trading on VVS Finance.