Arbitrum Ecological AMM Protocol, Chronos, Announces Token Allocation and Airdrop Rules

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

The Arbitrum Ecological Automatic Market Maker (AMM) protocol, Chronos, has released detailed rules for token allocation and air drop, with plans to allocate 53% of the initial supply to over 16,000 users. Out of the 50,000,000 initial supply of Chronos (CHR), 9% will be allocated to CHR NFT holders, 25% to partner agreements, and 21% to veCHR users for air drop. In this article, we will take a closer look at the Chronos protocol and its token allocation plans.

Chronos: An Overview

Chronos is an ecological AMM protocol developed on the Arbitrum chain. The protocol provides users with a fast, low-cost, and secure trading experience. It operates in a decentralized trust-minimized environment, eliminating the need for intermediaries. Chronos uses the Arbitrum Virtual Machine (AVM) to enable developers to build decentralized applications (dApps) with smart contract functionality.

Token Allocation Plan

The Chronos team plans to allocate a significant percentage of the initial supply of CHR to its users. It is reported that a total of 53% of the initial supply will be allocated to over 16,000 users. The CHR tokens will be distributed among the following three categories:

CHR NFT Holders

Nine percent of the initial supply will be allocated to users who hold CHR Non-Fungible Tokens (NFTs). CHR NFTs are unique digital assets that provide holders with access to exclusive features such as advanced trading tools and voting rights on the Chronos protocol.

Partner Agreements

25% of the initial supply will be allocated to strategic partnerships that have been established with leading projects in the DeFi space. These partnerships will enable Chronos to expand its user base and enhance its functionality.

veCHR Users

21% of the initial supply will be allocated to veCHR users. The veCHR (voting-escrowed CHR) tokens are used to vote on proposals and elect a council to govern the Chronos protocol. Users who hold veCHR tokens are eligible for a portion of the airdrop.

Air Drop

Chronos will distribute a portion of the total CHR supply to its users through an airdrop. The airdrop will consist of veCHR tokens and CHR tokens. Users who hold veCHR tokens are eligible for a portion of the airdrop, with the exact amount depending on the duration of their holdings. The allocation of CHR tokens to users will be based on their contribution to the Chronos ecosystem.

Conclusion

The Chronos protocol is an ecological AMM developed on the Arbitrum chain and provides users with a fast, low-cost, and secure trading experience. The protocol has announced detailed rules for token allocation and air drop, with plans to allocate 53% of the initial supply to over 16,000 users. CHR tokens will be distributed among CHR NFT holders, partner agreements and veCHR users. The airdrop will consist of veCHR tokens and CHR tokens, with the allocation based on user contribution to the Chronos ecosystem.

FAQs

1. What is the Chronos protocol?

Chronos is an ecological AMM protocol developed on the Arbitrum chain. It provides users with a fast, low-cost, and secure trading experience and operates in a decentralized trust-minimized environment, eliminating the need for intermediaries.

2. How are CHR tokens distributed among users?

CHR tokens will be distributed among CHR NFT holders, partner agreements, and veCHR users. 9% of the initial supply will be allocated to CHR NFT holders, 25% to partner agreements, and 21% to veCHR users for air drop.

3. What is the airdrop for Chronos users?

Chronos will distribute a portion of the total CHR supply to its users through an airdrop. The airdrop will consist of veCHR tokens and CHR tokens, with the allocation based on user contribution to the Chronos ecosystem.

**Keywords:** Arbitrum, Chronos, token allocation, airdrop, user distribution, CHR tokens, CHR NFT holders, partner agreements, veCHR users.