BNB Chain-based (former Binance Smart Chain) lending/borrowing platform Venus Protocol (XVS) has been integrated with Coinbase Wallet, a self-custody digital assets wallet provided by the eponymous United States crypto exchange.
Cardano soars as Coinbase added the staking rewards for the coin, and ADA is up by 13% on the day as we are reading further in today’s latest Cardano ADA news. The price of ADA as the native cryptocurrency of the blockchain of Cardano soars to a seven-week high of $1.13 which is a level […]
Rome, Italy, Mar 24, 2022 - (ACN Newswire) - Kronos DAO, the next evolution of reserve currency protocol, has announced its public sale date. Scheduled for March 28th, 2022, the public sale will be a good opportunity for prospective token holders to participate in the project. In addition to a public token sale, Kronos DAO has slated April 8, 2022, as its partnership date with CORENODE.
In anticipation of the public sale, Kronos DAO has garnered over $540k.
Kronos DAO introduces a Future Fund facet that will see the next-generation DAO reserve protocol invest 15% of profits in its treasury in emerging start-ups in the blockchain space. Through Future Fund, Kronos DAO will hope to accelerate the growth of these nascent start-ups, ergo transforming the DAO protocol into an on-chain venture capital firm.
Kronos DAO is committed to generating interest in investments for investors by building, incubating, and investing in start-ups at their early stages.
The $KRONOS Token
Kronos DAO has launched a native token, $KRONOS. The token will govern the DAO project - -acting as a governance token for making and implementing significant decisions on the ecosystem. $KRONOS has launched on Binance Smart Chain [BSC]. It is also available for exchange and swap on PancakeSwap. Currently, talks are underway to expand it to cross-chains in the coming months.
A total of 10 million $KRONOS, Kronos DAO has set aside 40% for the public sale as it seeks to build its treasury.
Kronos DAO will offer token holders a sustainable passive income source for staking $KRONOS on its staking platform. Through auto-compounding, Kronos DAO will reward token holders with $KRONOS.
The DHP (Diamond Hands Protocol) will allow community members to earn $KRONOS on the staked amounts according to different reward levels. Members will receive enhanced tips once Diamond Hands Protocol is activated. The corresponding bonus level, eventually reached, will be applied to each single staked amount.
Kronos DAO incorporates an additional earning opportunity for community members: the Diamond Hands Node (DHN). This program of 3 days to 30 days reward accumulation time. will allow community members to earn an extra profit of $KRONOS to add to the rewards when you claim them in relation to the bonus level reached.
An Ambitious Roadmap
The Kronos DAO team has planned out a strategic, ambitious, and feasible project roadmap. Split into five phases - each scheduled for completion in a month - Kronos DAO will, after the public sale, hire Cyberscope and Certik to audit its smart contract. Furthermore, Kronos DAO will hope to have its token, $KRONOS, listed on CoinMarketCap and CoinGecko - two leading crypto analytics websites.
An Open NFT Kronos DAO whitelist will also take place.
About Kronos DAO
The next evolution of a reserve protocol, Kronos DAO, is a project that aims at generating enormous returns for investors through the building, incubating, and investing in crypto start-ups in their embryonic stages. Kronos DAO has introduced a suite of modern features as it seeks to accelerate the growth of emerging start-ups while rewarding users for committing their tokens to the platform.
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Ethereum and Bitcoin both soar again and according to analysts, Goldman Sachs’ announcement from a day ago, helped in the price spike so let’s read more in today’s latest altcoin news. The price of BTC shot up in the past day and brought along the entire market with it. At the time of writing, the […]
Ethereum reclaimed $3K once again with Bitcoin charting a 20-day high and hit $43,000 as we can see more in today’s latest altcoin news. After dipping below $41,000, BTC went on the offensive again and exceeded $43,000 with other altcoins being in the green and ADA nearing $1 while Ethereum reclaimed $3K. The reports show […]
Approximately around 23 new ADA staking pools have appeared in the Cardano network in the past 24 hours, each holding a massive 62 million ADA, according to a recent tweet by @Cardanians_io. The move resulted in ADA soaring to 6.7% in the past 24 hours. With the newly created pools, the live stake therefore, has risen to a whopping $1.5 billion worth of ADA with the overall amount of staked ADA now surpassing 73% of Cardano’s native coin in circulation. The aforementioned pools allow users to stake their ADA with those pools in order to earn awards in the same coin based on the proof-of-stake consensus algorithm. 23 new pools have been created in the last 24 hours. Each has a stake of 62M ADA. The live stake has increased by $1.5 billion ADA. The number of staked $ADA coins is over 73%, which is an excellent result in the context of the #DeFi boom. Someone really big likes #Cardano. — Cardanians.io 🥩 with CRDN 🏊 (@Cardanians_io) March 22, 2022 Cardano Now at Par With Ethereum L2 network? According to a recent tweet from @cardano_whale, last weekend, the Cardano network’s total value locked, including staking, has witnessed the most significant one-month increase. Across all DeFi protocols on the Cardano network, the total value locked has increased by $10 million while the aggregated TVL of the Cardano network amounts to $277 million, according to data from DeFi Llama. Cardano’s Total Value Locked including staking is now up to 22nd, the largest 1 month increase across all protocols with TVL > $10m. Cardano’s dominance in DeFi is now on par with Ethereum’s Optimism L2 (0.2%), keeps rising fast — ADA whale (@cardano_whale) March 20, 2022 At the time of writing, Cardano is trading at $0.954826, which is an increase of 18.9% compared to seven days before, when its price was $0.79, according to data from CoinGecko. Cardano (ADA) is currently the eighth largest cryptocurrency by market capitalization, which at press time amounts to $30 billion.