Chromia is a blockchain platform that aims to solve the scalability problem for dApps. The platform consists of a network of relational blockchains. dApps can be written in a way that is familiar to developers all over the world, whether they work on large enterprise applications, games, or smaller projects.Similar to sharding in Ethereum, each blockchain within Chromia is associated with a set of validator nodes, which is a subset of all nodes belonging to Chromia. This subset of nodes runs a Byzantine Fault Tolerance (BFT) consensus algorithm. The network consensus is further strengthened by anchoring Chromia’s transaction history to Proof-of-Work (PoW) blockchains such as Bitcoin and Ethereum - once a block is anchored, it will be considered final.CHR is Chromia’s native utility token. Users can use CHR tokens within dApps and the dApps in turn pay transaction fees to block producers using the CHR token. Chromia allows dApps to issue CHR-backed tokens, while investors of dApp projects can be compensated in CHR through a profit-sharing contract. For developers, Chromia offers the opportunity to derive income from their dApps, with popular dApps generating more income demand for tokens owned by the developer.Current implementations of dApps on Chromia involves finance, gaming, real estate, and healthcare. In the future, Chromia will also focus on dApps involving supply chain, enterprise services, and IoT.
The token supply distribution is as follows:
*The Automatic Conversion Contract enables users to trade CHR with ETH in an automatic way, allowing ETH holders to engage in the CHR economy smoothly.
CHR token distribution (%)
The following chart represents the number and breakdown of all CHR tokens that are to be released into circulation on a monthly basis. This chart does not include the aforementioned token burn. The Promotion Fund, Ecosystem Fund, and Conversion Contract tokens will continue to be distributed after December 2024.
CHR token release schedule
Chromia will initially focus on community building in China, Korea, US and Europe. The focus of community growth will gradually expand to other markets as the project gains popularity.Current community growth strategies of Chromia include:
Future community growth strategies of Chromia include:
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CHR has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy CHR
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
After the deposit is confirmed you may then purchase CHR from the exchange.
Exchange: Binance, Huobi Global, Upbit, Bithumb, and Binance JEX
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once CHR gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
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Find more information CHR
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🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
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