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On November 8th 2021 CRYPTO.COM launched it's DeFi oriented chain named Cronos. It's an EVM-compatible platform based on the Crypto.com CRO coin.
Main features of the Cronos chain are:
- Reliability of Crypto.com with 10M users dated February 2021
- Ethereum and EVM compatibility, which makes it easy to port dApps developed on Ethereum
- Low fees based on CRO coin to swap tokens, pay for smart contracts and bridge tokens from other chains, like Ethereum
- Decentralization, scalability, interoperability and open source technology
As soon as Cronos launched, a number of decentralized exchanges (DEX) were immediately available.
Among those CronaSwap immediately emerged as one of the most promising.
CronaSwap is a DEX based on the $CRONA token. At present it offers token swapping with the lowest transaction fees (0.25%), farming and staking, with very good APR and APY. Main points of this DEX are:
- Cronaswap is a fork of PancakeSwap
- It is listed on Coinmarketcap, see
- $CRONA token is a deflationary tokenlimited total supply of 300.000.000 and deflationary mechanisms planned with token burnings
- Strong development with a growing number of collaborations which can be tracked through their socials. They are tweeting daily new collaborations and list active with Zeu$ Finance, Crystl Finance, Any Swap, Autofarm Network, Kafe Finance, Stormswap Finance, Meso Finance, Beefy Finance
- They are currently being audited by Certik and the audit report will be released soon
- They are presently proposing an Airdrop program open to all users
You can check price graph of the $CRONA token here on DexScreener
You can also check platform TVL performance graphDefiLlama
You can learn more on Cronaswap by reading their easy to read docs
