Cronofi Finance will use multi-level farming strategies to incentivize $CRONO token holders. The main goal of multi-level farms - to increase the value of owning the $CRONO token.
About Cronofi Finance
$KRONO - the first multi-level token to offer a unique security mechanism that blacklists holders, using bots. It helps to avoid the same scenario as with $CRONO, where a couple of bots manage to secure a significant amount of initial supply, preventing $CRONO from growing. Addresses that contain more than 5% of the offer will be flagged and if found to be bots they will be blacklisted. In addition, the team will encourage HODL instead of short-term trading, further protecting the price of $KRONO.
This taxation will be divided into 2 components as follows:
| 1 | Automatic liquidity (3% will help to add liquidity to increase pool depth). |
| 2 | Burning. |
To protect themselves from whales, users use the Anti-Whale feature, which places limits on the number of transactions the user can make. Similarly, this Anti-Whale feature will be implemented with a maximum transaction, capped at 5% of the total supply at any given time. The rationale for this - to keep price volatility to a minimum, allowing users to enter and exit at a better rate.
Thanks to the high price of $KRONO, $CRONO gets the opportunity to bet $CRONO with a higher multiplier and earn $KRONO. In addition, staking $CRONO will also contribute to the goal of 5 million TVL per day.
More about defi app
As the team will not receive any distribution of tokens, farms and pools other than $CRONO will incur a 4% deposit fee. The funds, raised from the 4%, will be used for related marketing, security and contract deployment costs. Because DeFi is a dangerous place, contracts will be reviewed by Rugdoc.io, a community that helps to check the system and alerts users if contracts contain malicious code.