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HomeCOINSWhat Is CroNodes (CRN)? Complete Guide Review About CroNodes.

What Is CroNodes (CRN)? Complete Guide Review About CroNodes.

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What Is CroNodes (CRN)?

CroNodes is a fork of a DeFi as a Service (DaaS) platform (Thor) from the Avalanche Network. They have seen the DaaS platform on many different networks, but Cronodes dreamed of bringing the idea to the Cronos chain. They believe that the Cronos chain is going to gain serious traction in the next year with the marketing push that is doing. From advertising everywhere, Superbowl Ads, and even buying out the LA Lakers stadium name. That’s right, the LA Lakers stadium is now called the Arena.

This crazy unprecedented marking push, in your opinion, is going to open the flood gate to normal everyday retail investors and we wanted to be one of the first good projects on the Cronos chain. Currently, they are experiencing an era of money transfer that has never been seen. The age of cryptocurrencies and decentralized economies is booming and Defi has forced the hands of many to adapt to a rapidly changing financial world. A financial world that is likely to be run by blockchain technology.

CroNodes Storage Key Points

Coin BasicInformation
Coin NameCroNodes
Short NameCRN
Circulating SupplyN/A
Total Supply20,456,743
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Official Project WebsiteClick Here To Visit Project Website

What is this DeFi stuff?

DeFi is a collective term for financial products and services that are accessible to anyone who really can just access the internet and a computer. With DeFi, the markets are always open. While this is good and a game-changer, there are fatalities that could occur especially to new people because of various scam projects that exist. Besides this, other problems users face with DeFi include high gas fees and complex user experience on some websites.Therefore Cronodes strived to launch on the CroNodes chain. The Cronos chain has very inexpensive gas fees benefiting a user that is new to crypto and DeFi.

What Cronodes brings to your investors

CroNodes offer your investors is simple: Create consistent passive income. Your goal is to create a DeFi as a service, one platform that does all the work and heavy lifting. After all, they strive to be an investment vehicle that you can trust your money in. Cronodes is a community-driven, value-adding protocol that is both open and transparent, with no hierarchy or exclusivity. A verify all protocols before they invest to minimize risks to the barest minimum, what’s even more interesting is allow your community to decide from a list of carefully curated and verified protocols.

Behind the scenes

Cronodes brings a high yield potential combined with a trustworthy methodology. It allocates rewards and yield holders efficiently by combining returns from protocol-owned liquidity and returns from DeFi protocols across many chains. CroNodes use your trading strategy to identify several DeFi projects. Because this is a community project, they do not make these investment decisions rather the selected projects are made open in the community for a vote before initiate the investment protocol. They watch for bull and bear market trends so that can profit from any market situation. This way, there are no gaps in your earnings. This cycle is repeated, providing you with an everlasting source of passive income.

Where do my 20 Cronode tokens go?

This is what happens when a CroNodes is created: 14 Cronode ($CRN) are sent to the rewards pool, 2 Cronode ($CRN) is put to the liquidity pool as 50% Cronode ($CRN) and 50% CRO, and 4 Cronode ($CRN) are transferred to the marketing team wallet to support the protocol’s stability and token growth. Rewards are distributed every 4 hours, and you may claim your rewards in Cronode ($CRN) tokens from the console.

Please bear in mind that just like the rewards value, the distribution frequency is an estimate and may change in the future to ensure project sustainability. Also, once a node is created, it cannot be shut down. but aside from your rewards, investors will also enjoy the increase in Cronodes token’s intrinsic value. Call it double rewards.

Nile Is Very Old Author At Wootfi Blog . We Loves To Write About Altcoin , ICO & Defi . In Free Time He Loves To Play Football .
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