CHR
No. 259Price
Markets
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- Coin Introduction
1. Project introduction
Chromia is a new blockchain platform for decentralized applications. Its priorities are:
(1) Allow dapps to scale to millions of users;
(2) Make the user experience as smooth as with a centralized application: no fee for every interaction, no waiting time;
(3) Allow developers to build secure applications with minimal effort, using familiar paradigms.
Chromia features:
(1) A relational model: Blockchain data and application state are stored in a relational database. This model is considered to be best in class in terms of flexibility, versatility and consistency.
(2) Horizontal scaling: Each dapp gets its own blockchain (or, perhaps, multiple blockchains). Each blockchain is run by a subset of nodes, thus by increasing number ofnodes we can increase total throughput.
(3) Rich indexing and querying: Dapps can quickly retrieve information they need directly from nodes running the application. Dapp blockchain logic can perform complex queries without severe performance degradation.
(4) A relational programming language: Chromia dapp backends are written in a specialized language which is deeply integrated with the relational model. This model increases programmer productivity and ensures application consistency.
2. Team introduction
Co-Founder & CEO: Henrik Hjelte
Linkedin: https://www.linkedin.com/in/henrikhjelte/
Co-Founder & COO: Or Perelman
Linkedin: https://www.crunchbase.com/person/or-perelman-117c
Co-Founder & CTO: Alex Mizrahi
Linkedin: https://www.crunchbase.com/person/alex-mizrahi
3. Investment institution
21M Capital, XRP Capital, Bitscale Capital, ByteSize Capital, FACTBLOCK, GEM Capital, JR Crypto, Neo Global Capital
4. Application and distribution
Total supply: 1,000,000,000
Token application:
CHR has 4 main purposes:
(1) Acting as platform currency: CHR is used as a “standard” currency within the Chromia economy, as dapps can collect it as fees, or use as reserves to peg their own tokens, etc.
(2) Payment of hosting fees: CHR is used by dapps to pay hosting fees, thus compensating the nodes.
(3) Ecosystem staking : CHR is used to make sure that providers have a stake in the Chromia ecosystem thus offsetting incentives to collude.
(4) System-wide purposes: Chromia has several special Chroma token accounts that are used for system-wide purposes, such as ERC20 token pegging, system node compensation pool, development pool, etc.
Token distribution:
Ecosystem Fund: 38.06%
Promotional Fund: 25%
Private Sale: 17.94%
Founders: 4.5%
IEO: 4%
Auto Conversion Contract: 3%
Advisors: 3%
Team: 2.5%
System Node Compensation Pool: 2%
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