What Is CronosNode (CRON)?
CronosNode is an innovative approach to solving the issues seen in other DeFi-as-a-Service (DaaS) protocol projects. With our experienced team, the CronosNode Project has advanced the idea of DaaS further than originally thought possible. With our custom-built smart contracts, extensive cross chain use cases, and new home on the Cronos Network utilizing its low gas fees and explosive growth potential, we are poised to revolutionize the DeFi landscape.
The CronosNode DeFi project is built with the following core tenets:
* Sustainability
* Accessibility
* Usability
* Transparency
* Security
The CronosNode Project team will leverage a combination of cutting edge DeFi mechanics to resolve endemic problems that exist with the DeFi ecosystem.
How to create a node?
In order to create a CronosNode, you must have at least 20 $CRON tokens. Node creation will mint an NFT, which is a representation of your node. The daily rewards for having a node will be based on our Active Reward Mechanism (ARM), which will automatically determine the scale of rewards per node. The team has designed ARM to dynamically recalibrate the rewards system thereby ensuring sustainable long-term rewards versus using a static reward system leveraged by other projects. CronosNode Holders can claim daily $CRON rewards via our dApp.
Active Reward Mechanism - How does this work?
Node Rewards are distributed every 24 hours, and you may claim your rewards in CRON TOKENS ($CRON) from our dApp.
Our Active Reward Mechanism is our unique approach for solving scalability issues that can be seen in the DeFi space.
'ARM' will automatically determine the rewards per node every day utilizing factors such as reward pool size, new node creation, and total nodes created. In addition, our team has implemented functions to reassess the reward pool at any time to ensure the sustainability of the project.