CronaSwap is the first decentralized exchange platform on the Cronos network, offering the lowest transaction fees (0.25%). You can easily exchange CRC-20 tokens on the Cronos Chain network, which guarantees superior speed and much lower network transaction costs.
Benefits of CronaSwap
CronaSwap aims to become a benchmark for DEX platforms and a leading project in the token exchange market. Developers will bring real value, fairness and innovation to decentralized finance with our top quality products and services. CronaSwap is fast, secure and anyone can easily trade and earn tokens. The native token of CronaSwap - CRONA.
CRONA — a native token that powers the AMM+DEX ecosystem. 3,000,000 CRONA tokens will help to provide initial liquidity. This is done so that our users can make exchanges and enjoy all features of the platform from the very beginning.
DEX main features:
| 1. | You can buy CRON on the exchange. |
| 2. | Earn CRONA as a reward for staking LP tokens on farms. |
| 3. | Stake in starter pools to earn free CRONA tokens. |
| 4. | Buy lottery tickets at CronaSwap Lottery. |
| 5. | Vote on proposals, related to the CronaSwap ecosystem. |
Initial liquidity was provided at $0.16 and locked in time (365 days). Developer funds are tied to a development hold contract and have a vesting period of 365 days. Early investors have a 1-year linear lock (unlocked per second), tied to VC temporary lock contracts.
In Cronos, the block time is proportional to the activity of the transaction in the block. So, the lock time can vary from 4.9 seconds to 5.9+ seconds.
More about defi app
When you add liquidity to the pool, you will receive LP tokens. When someone makes a token exchange, a transaction fee of 0.25% is charged. 0.17% will come back to liquidity providers as a fee. The liquidity pool will also allow you to stake your LP tokens to earn CRONA tokens on farms. Therefore, in addition to earning income from token exchange transactions, the user will be able to stake LP tokens and earn CRONA tokens.
You can only trade tokens on CronaSwap if there is sufficient liquidity for those tokens. If no one has added a lot of liquidity to the token or tokens you want to trade, it will be difficult, expensive or impossible to do so. Providing liquidity will earn you LP tokens, which will earn you rewards in the form of trading fees for ensuring that the exchange always has liquidity.