Arbitrum Ecological AMM Protocol, Chronos, Releases Rules for Token Allocation and Airdrop

On April 19th, it was announced that the Arbitrum Ecological AMM protocol, Chronos, has released detailed rules for token allocation and air drop, with plans to allocate 53% of the initial supply to over 16000 users. It is reported that the initial supply of CHR is 50000000 pieces. 9% of the initial supply will be allocated to CHR NFT holders, 25% to partner agreements, and 21% to veCHR users for air drop.

Arbitrum Ecological AMM Protocol Chronos Releases Token Allocation and Airdrop Rules

Introduction

The Arbitrum Ecological AMM Protocol, Chronos, has released detailed rules for token allocation and airdrop. With an initial supply of 50,000,000 pieces of CHR, Chronos plans to allocate 53% of the initial supply to more than 16,000 users. This article will discuss the breakdown of token allocation and airdrop plans for CHR holders and users.

Token Allocation

There are three ways in which token allocations will be distributed. The first allocation will be given to the top holders of CHR NFTs, which will be reserved 9% of the initial supply of CHR. The remaining 91% will be distributed to CHR users and other contributors who will earn the tokens through various activities.

Airdrop Plan

Apart from CHR NFT holders, there will be two other ways users can earn CHR tokens through airdrops. The first way is to become a veCHR user. VeCHR is a governance token and airdrop eligibility will begin on May 1st, 2021. The second way is through partner agreements. Partnerships will cover global strategic planning, technological cooperation, and community development. Partner allocations will be 25% of the initial supply of CHR.

CHR NFT Holders

9% of the initial CHR supply will be reserved for CHR NFT holders. For existing CHR NFT holders, the allocation of CHR token will depend on the total number of NFTs held. The minimum amount required to enable access to the airdrop is CH117, which is subject to the condition that the NFTs are not transferred after the announcement of the airdrop.

VeCHR Users

VeCHR is a governance token that will entitle users to distribution from the governance fund, voting rights, and as airdrop eligibility. Users who hold veCHR during the snapshot period are eligible for a proportionate allocation of the airdrop. Snapshot date for eligibility is March 29th, 2021.

Partner Agreements

Partner agreements will account for 25% of the initial supply of CHR tokens. The partners that have made it through include auditing firms, wallet providers, and block explorers. Partnership activities will cover technology, strategic planning, and community development.

Conclusion

The release of detailed rules for token allocation and airdrop by the Arbitrum Ecological AMM Protocol, Chronos, is a major achievement that will benefit both users and token holders. With a clear roadmap for the distribution of the initial supply of CHR, users will be able to take advantage of the token’s full potential. It is a great opportunity for the community, as they will be able to participate and benefit from the ecosystem.

FAQs

**Q1. What is the initial supply of CHR tokens?**
A. The initial supply of CHR tokens is 50,000,000 pieces.
**Q2. Who is eligible for a CHR token airdrop?**
A. CHR NFT holders, veCHR users, and partners with agreements make up the eligible groups for the CHR token airdrop.
**Q3. What is the proportion of the initial supply of CHR tokens allocated to the veCHR users?**
A. The proportion of the initial supply of CHR tokens allocated to veCHR users has not been disclosed yet.