What Is Krome?
Krome Coin is the next generation HYBRID stablecoin project on the Klaytn network. With advanced intelligent design, USDK (stablecoin of project) starts off as 100% collateral backed, gradually reducing dependence to collaterals as project grows ensuring enhanced capital efficiency.
Krome Coin Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | Krome Coin |
| Short Name | KROME |
| Circulating Supply | |
| Total Supply | 499,490,582 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
The only stablecoin on Klaytn solving the Stability-Efficiency dilemma
Collateral backed stablecoins (USDC, USDT, DAI, KSD) are stable but lack capital efficiency. Algorithmic stablecoins (Basis Cash, ESD, KAI) are capital efficient but not stable.
How is USDK different from other stablecoins?
There are two types of stablecoins: Krome collateral-based (USDT, DAI, KSD) and algorithm-based (Basis Cash, KAI). In other words, the collateral base has a problem in that a lot of capital is tied up because 1 dollar or more of collateral has to be deposited to create a stablecoin worth 1 US dollar. .
USDK is a next-generation hybrid stablecoin that takes two advantages. It is a stablecoin that starts with a 100% collateral base initially, guarantees stability, and increases capital efficiency by gradually lowering the collateralization rate as the issuance volume increases and the project grows.
KROME
Krome Coin USDK, starting as 100% collateral backed, auto‑magically balances collateral ratio as project grows for better capital efficiency – making the most advanced next-generation stablecoin project.
The yield making machine
Collaterals of project don’t sit idly in project wallet. The AMO (Algorithmic Market Operations Controller) moduleperforms open market operations that maximize yield so long as it does not break the peg. The AMO tirelessly works on behalf of holders 24/7 for maximum yield. (AMO module is scheduled to launch on v2 update).
Total amount of initial liquidity program rewards
The Krome total community rewards of the Chrome Protocol are 245,000,000, and the annual reward size decreases to 66% of the previous year at the end of March each year. Therefore , the amount of compensation in the first year is about 81.66 million , which is 1,566,000 per week when distributed at the maximum rate.
Governance token with “REAL” value
Unlike governance tokens of other algorithmic stablecoins that their sole purpose is to hold the peg, – the governance token of project – has “REAL” value accrued from AMO profit.
Turbo charged LP rewards with 4x booster!
Krome Coin with the cutting edge “VE” (Vote Escrowed) Design, users can have up to 4x boost on their yield locking up KROME token. As mechanism rewards longer lock period exponentially, KROME holders can expect stronger momentum.
Long-term staking with veKROME
The holders can receive a reward boost, have special governance rights, and share the operating profits of the collateral pool through which is obtained by staking their tokens.
Rewards
LP lockup period boost (up to 200% additional) and Krome boost (maximum additional 200%) can be used at the same time to maximize rewards up to 5x (base compensation 100% + LP lockup boost 200% + boost 200%) can be LP lockup period boost boosts up to 200% in 3 years, and boosts up to 200% in 4 years lockup of tokens.
ROME token
The token is the governance token of the project, and the decisions of the project are made through the governance of this token. Although the total issuance of tokens is 500 million, since is burned when USDK is issued, the total amount of will decrease over time, creating upward pressure on the price. In addition, commission income such as collateral investment profits and minting/redeem fees are also accumulated in tokens.
