Kronos DAO is developing a cutting-edge crypto incubator for developing and investing in various protocols. Decentralization - one of the key elements of the cryptocurrency ecosystem.
About the Kronos Dao project
Decentralized finance, in particular, has become an integral part of development, pushing its limits dramatically with the help of the coin defi community and blockchain technology. The KronosDAO protocol follows the chaining/staking mechanism, pioneered by Olympus DAO.
Kronos DAO aims to use a small portion of the treasury to fund the innovative development of new protocols that pose an investment risk to them in their earliest stages, with only 15% of the allocated treasury. The DAO Committee will regulate the use of the treasury, allocated for new projects, deciding what types of projects to invest in, as well as allocating amounts.
KronosDAO will focus on marketing and reaching out to the masses at an early stage. A group of community managers will be organized for both community building and community outreach.
Incubation is an innovative system with the following advantages:
| Treasury | Low participation in projects that can lead to explosive growth and value creation. |
| Early exposure to new innovative protocols | The KronosDAO team will create these projects themselves, increasing the likelihood of success. |
| Community | The community of token holders will play an important role in helping these projects to gain recognition, support and use. |
cKRONOS — a non-transferable token, which means it cannot be transferred or used to provide liquidity, but can only be redeemed. cKRONOS can be exchanged for KRONOS 1:1 after the protocol is launched.
More about defi app
Kronos DAO ($KRONOS) — a native governance token that will help to govern the DAO. The DAO will have a say in important protocol and financial management decisions. KRONOS is initially launched on the Cronos network and Binance Smart Chain and is available for exchange on VVS Finance and PancakeSwap.