INTRODUCTION TO CRODO

2 min readMar 3, 2022

Crodo is an EVM blockchain that can process much transaction and is more cheeper than Ethereum.
The main goal for us is to scale the DeFi ecosystem and make it more accessible. Our cruiser Crodo is built from automatic decentralized mechanisms, which allows to distribute tokens evenly according to a pre-calibrated algorithm.

Cronos

Looking at the development of Crypto.com, we began to understand the large scale of its spreading around the world. The company stood out not only with large-scale marketing but also with really useful functions:A payment system that allows you to quickly install the ability to accept cryptocurrencies on your website.The exchange, which is already in the 11th place by CoinMarketCap.comMobile application - walletCredit loansVISA payment cardsThe main disadvantage of the Crypto.com network was the inability to develop decentralized applications. To do this, Crypto.com has developed an additional Cronos network. It has implemented EVM (Ethereum Virtual Machine) support, which allows the use of smart contracts, as well as a bridge with the main network, which allows you to conveniently exchange tokens https://cronos.crypto.org /bridgeAt the moment, the development of projects in the network is just beginning, so developers and users really lack the IDO platform, with the help of which the network will develop even faster.

TokenomicsA token economy is a system of contingency management based on the systematic reinforcement of target behavior. The reinforcers are symbols or tokens that can be exchanged for other reinforcersA token economy is a form of behavior modification designed to increase desirable behaviour and decrease undesirable behaviour with the use of tokens. In MatrixETF platform $MDF is what we consider.

Crodo Token information

Total supply: 100 000 000 CRODToken contract (TestNet): https://cronos.crypto.org/explorer/testnet3/address/0x03b7796B662646f6fEfe1e39131390e2478e6036/transactionsSource code: https://github.com/Crodo-io/Contracts/blob/main/contracts/crodoToken.solDistribution contract (TestNet): https://cronos.crypto.org/explorer/testnet3/address/0xD1B36394377aACc926AF697cB97A2d754831dF94/transactionsSource code: https://github.com/Crodo-io/Contracts/blob/main/contracts/distributionContract.sol

Token distributionFor our private and public sales rounds are distributed over many different participants. So, we are trying to create the most fair token distribution on launch possible with no single entity holding large supply quantities.6% Seed - $600 000 at $0.10 per token, cliff for 6 month, 3.7% unlocked each month within 27 months8%

Private sale - $1 120 000 at $0.15 per token, cliff for 3 month, 3,85% unlocked each month within 26 months8% Strategic sale - $1 280 000 at $0.15 per token, cliff for 3 month, 4,17% unlocked each month within 24 monthsCheck more on :

Twitter: https://twitter.com/Crodo_io
GitHub: https://github.com/Crodo-io
Instagram: www.instagram.com/crodo.io
Telegram Channel: https://t.me/+ZIYIOeZvU4dmYjQ6
E-mail: info@crodo.io
Website https://crodo.io/

Written by Ndikpongke