Overview of the new Crodo project in the Cronos ecosystem

Crodo is the future IDO platform in the ecosystemCronos networks.Now it is the first and only IDO platform in the ecosystem. If you think further, it is easy to understand that only projects built on the basis of the Cronos network can apply for an initial sale of tokens in the IDO format on the Crodo platform.

The Cronos network is based on Crypto.com, and is one of the top 10 blockchain platforms. The screenshot below shows that the value of locked funds (TVL) in the Cronos ecosystem has reached $4 billion, and is in 9th place among blockchain platforms by TVL, according to DeFi Llama. Also, about 130 projects have already been launched on Cronos, and 500,000 unique user addresses have been created. These numbers are growing every day, and new projects are being launched on the platform. From the words above, you can understand why the Crodo team chose the Cronos ecosystem, because they don’t have much competition here, to be more precise, there is practically none, but the potential and prospects for development are great.

The white paper of the project states that the team studied the main shortcomings of all IDO platforms, and when creating the Crodo platform, everything was taken into account, namely:

— We have developed a chatbot in Telegram that warns in advance about an important action, for example, about being included in the list of participants eligible for the purchase of tokens.

— We installed fast-running website servers that cope well with a sharp increase in traffic, and enabled protection against DDoS attacks.

— We introduced titles for storing tokens that are reset when tokens are withdrawn from the site, which provides additional motivation to keep tokens locked.

— An ambassador program has been created withthe ability to send tasks in your personal account, where you can control their status, view the balance of earned points, receive reminders about new tasks, and view the overall rating of ambassadors.

— Project integration options have been developed to attract an audience for real use. Participants must first understand the project before purchasing tokens.

The site has its own CROD token, forretention of which ranks are assigned on the Crodo site itself. Thanks to them, the user has a greater chance of being included in the list of participants eligible to purchase tokens during the IDO process.

In my opinion, Crodo strives to become somethinga “window” into the ecosystem, through which not all projects will pass, but only those selected, verified, and approved by the team. One can even assume that new projects that are built on the Cronos network will be very enthusiastic about conducting the IDO of their tokens on the Crodo platform.

Project information resources:

Website: crodo.io
Twitter: twitter.com/Crodo_io
Discord: discord.gg/9jeKxJyc
Telegram: t.me/crodo_io
White paper: docs.crodo.io