CHR

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%