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What Is KROME Shares (KROME)? Complete Guide & Review About KROME Shares

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What Is KROME Shares (KROME)?

KROME Shares is the next generation HYBRID stablecoin project on the Klaytn network. With advanced intelligent design, USDK (stablecoin of KROME project) starts off as 100% collateral backed, gradually reducing dependence to collaterals as project grows ensuring enhanced capital efficiency.

The live KROME Shares Coin price today is $0.072641 USD with a 24-hour trading volume of not available. They update KROME to USD price in real-time. This is down 3.72% in the last 24 hours. The current CoinMarketCap ranking is #9968, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.

Important Points Table Of KROME Shares

BasicPoints
Coin NameKROME Shares
Short NameKROME
Total Supply499,490,582
ExplorerClick Here To View
DocumentationView Document
WebsiteClick Here To Visit

How to Buy the Continental & Trade On Exchange?

First Step

Buying KROME Is Very Easy Task . Just Find Exchange Where KROME Available & Buy Through Your Credit & Other Altcoin .

Second Step

Once You Purchased KROME. Now It Is Time To Store Your KROME Or Start Trading On Exchange .

The only stablecoin on Klaytn solving the Stability-Efficiency dilemma

Collateral backed stablecoins (USDC, USDT, DAI, KSD) are stable but lack capital efficiency.

Algorithmic stablecoins (Basis Cash, ESD, KAI) are capital efficient but not stable.

USDK, starting as 100% collateral backed, auto‑magically balances collateral ratio as project grows for better capital efficiency – making KROME the most advanced next-generation stablecoin project.

The yield making machine

Collaterals of KROME project don’t sit idly in project wallet. The AMO (Algorithmic Market Operations Controller) moduleperforms open market operations that maximize yield so long as it does not break the peg. The AMO tirelessly works on behalf of KROME holders 24/7 for maximum yield. (AMO module is scheduled to launch on v2 update)

Governance token with “REAL” value

Unlike governance tokens of other algorithmic stablecoins that their sole purpose is to hold the peg, KROME – the governance token of KROME project – has “REAL” value accrued from AMO profit.

Turbo charged LP rewards with 4x booster!

With the cutting edge “VE” (Vote Escrowed) Design, users can have up to 4x boost on their yield locking up KROME token. As veKROME mechanism rewards longer lock period exponentially, KROME holders can expect stronger momentum.

How is USDK different from other stablecoins?

There are two types of stablecoins: collateral-based (USDT, DAI, KSD) and algorithm-based (Basis Cash, KAI). In other words, the collateral base has a problem in that a lot of capital is tied up because 1 dollar or more of collateral has to be deposited to create a stablecoin worth 1 US dollar, and the algorithm base has no capital tied up, but it is difficult to maintain the value of 1 dollar. .

USDK is a next-generation hybrid stablecoin that has two advantages. It is a stablecoin that starts with 100% collateral at the beginning, guarantees stability, and increases capital efficiency by gradually lowering the collateralization rate as the issuance volume increases and the project grows.

How is the collateral ratio of USDK determined?

The collateral ratio starts at 100% at the beginning of the project to ensure stability. This means that USDK can be withdrawn at any time as collateral worth one dollar, so there is absolute stability in maintaining the one dollar price. As USDK issuance increases and KROME liquidity increases.

the collateral ratio is gradually lowered to increase capital efficiency. On the other hand, if USDK issuance decreases and KROME liquidity decreases depending on market conditions, the collateral ratio may increase to increase stability. In other words, the collateral ratio is balanced at a level at which USDK can stably hold 1 dollar.

What is the KROME token?

The KROME token is the governance token of the KROME project, and the decision-making of the project is made through the governance of this token. Although the total issuance of KROME tokens is 500 million, since KROME is burned when USDK is issued, the total amount of KROME will decrease over time, creating upward pressure on the price. In addition, commission income such as collateral investment income and minting/redeem fees is also accumulated in KROME tokens.

What is veKROME?

You can understand veKROME as a system that boosts LP rewards. Users can obtain veKROME by locking up KROME tokens for a period of their choosing. With veKROME, LP rewards can be boosted by up to 200%. veKROME is created by (number of locked-up KROME tokens) x (number of months of lock-up).

The number of veKROMEs required to receive the maximum boost (200%) is determined by your LP participation and the reward boost ratio of the pool. The reward boost ratio is the amount of veKROME required to receive the maximum reward per 1 USDK supplied to the liquidity pool. For example, if the reward boost ratio of the USDK-KUSDT pool is 1:24, 1 to receive the maximum boost effect (200%) 24 veKROME per USDK required.

For example, if you participate in the USDK-KUSDT pool with only USDK $10,000 – KUSDT $1, this user will be able to get a total of 3x rewards with 240,000 veKROME increasing the Liquidity Compensation Boost up to a maximum of 200%. In this case, you can lock up 5,000 KROME tokens for 48 months to get the required 240,000 veKROME.

veKROME decreases linearly during the lock-up period and becomes 0 at expiration, and the amount of KROME tokens initially locked will be returned. veKROME is a system that leads to long-term project development and KROME token price stability by distributing greater rewards to KROME token holders who invest in the project from a long-term perspective.

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