The CronosNode ($CRON) project — an innovative approach to solving problems that arise in DeFi as a Service (DaaS) platforms. Thanks to an experienced team, the Cronos Node project has taken the idea of DaaS further than originally thought.
Description of the CronosNode site
CronosNode — an innovative approach to solving problems, encountered in other DeFi-as-a-Service (DaaS) protocol projects. With custom-designed smart contracts, extensive multi-chain use cases and a new home on the Cronos network, utilizing low gas fees and explosive growth potential, the team is poised to revolutionize the DeFi landscape.
The CronosNode project has created 2 major innovations:
| 1. | Active reward mechanism (ARM). |
| 2. | Universal fund for sustainable growth (USGF) wallet. |
The combination of an active reward mechanism and a universal sustainable growth fund ensures that CRON dollar rewards are paid out in a way that does not exhaust the project's storage. The CronosNode project is one component of the larger Node Navy ecosystem, covering blockchains, compatible with the Ethereum virtual machine.
The $CRON token will help to purchase NFT nodes. The CronosNode project team is exploring easier ways to move assets between blockchains for those investors who do not want to use centralized exchanges. The CronosNode project is launched with a complete package. The package includes a dApp with multiple node detail views and a full Marketplace.
Users will be able to set their rewards to a compounding mode that will allow holders to purchase additional nodes automatically without tax. Users will also be able to purchase nodes directly with $CRO as the contract natively supports SWAP between $CRO and $CRON.
How to create a node?
To create a Cronos Node, you must have at least 20 $CRON tokens. Creating a node will create an NFT, which is a representation of your node. Daily node rewards will be based on the active reward mechanism (ARM) which automatically determines the node reward scale. The team has developed ARM to recalibrate the reward system dynamically, thereby guaranteeing sustainable long-term rewards, compared to using the static reward system, used in other projects. CronosNode owners can receive daily rewards in CRON dollars through a decentralized application.
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