Kronos DAO, a crypto-based Investment agent, announces its public sale and partnership with CORENODE on March 28th 2022 and April 8th 2022. The public sale serves as its third step of integration. The Company has developed an advanced Crypto incubator to cultivate and invest in various protocols.
A first-of-its-kind DAO, Kronos seeks to develop and nurture projects in-house. Decentralized finance, being one of the key elements within the cryptocurrency ecosystem especially, has taken an integral part of the development, pushing its limit drastically with the community's help and blockchain technology.
The KRONOS token being the pioneer tag will drive an incubation strategy, helping other early-stage projects with growth, marketing and investment. The team also focuses on marketing and increasing its exposure to the greater mass at its early stage.
The incubation is an innovative system with the following advantages:
Treasury
Kronos DAO introduced the FUTURE Fund: 15% of its treasury and bond profits to invest in high-quality crypto startups, helping them grow early on and effectively transforming the DAO into an on-chain venture fund.
Kronos DAO has also built its protocols, with all commission flows benefiting KRONOS token holders. It focuses on utilizing its treasury and generating returns for investors by building, incubating and investing in early-stage projects – opportunities that aren’t typically available to the average investor.
The Company’s goals go beyond simple market capitalization by choosing to use part of the treasury wallet to invest and support new projects in the Binance Smart Chain. Kronos DAO will also explore ways to generate risk-free returns on its stablecoins to turn them into productive assets thanks to its own NFTs.
Kronos DAO aimed to utilize a small portion of this treasury to fund the innovative development of new protocols having investment exposure to them in their earliest stages with only allocating 15% of the treasury, so even if some projects were unsuccessful, 85% of the treasury would remain intact, providing a floor value for its token KRONOS.
The DAO committee has governed the use of the treasury set aside for new projects, deciding which types of projects to invest in and allocated amounts. Kronos DAO now stands as the next evolution of the reserve currency protocol.
Community
The community sale served as the second step to integration with returns reaching a sale point of at least five hundred and forty thousand US DOLLARS ($540,000.00).
The community of token holders has played a significant role in helping the aforementioned projects gain recognition, traction and usage. KRONOS expected its token to play a significant role in allowing holders to participate in the growth of upcoming projects, and there was a high delivery. KRONOS DAO now will operate both on the Binance Smart Chain (BSC).
When Was the Community Sale, and Where Did It Take Place?
The Community Sale started on March 7th at 14:00 UTC. Participants saw it successfully last 96 hours in the bid to sell 2 million cKRONOS.
What is cKRONOS?
cKRONOS is a Non Transferable Token which means it cannot be transferred or used to supply liquidity, but it can only be redeemed. cKRONOS will be redeemable 1:1 for KRONOS after the protocol is launched.
Public Sale
The public sale, being one of the last steps of integration, is currently anticipated with the set date, March 28th, 2022.
Price
The first 2.5 million of pKRONOS will be sold at 1.00 BUSD. Later, as soon as the total value of all BUSD commitments exceeds this amount, the total value BUSD commitments will reflect the request of the pKRONOS token. As the demand for the pKRONOS token increases, the price of this token will increase up to a maximum of 2.5 BUSD.
Price and allocations are constantly calculated and displayed as interactions with the smart contract. Immediately upon completion of the sale, participants will receive their cKronos and pKronos in their Wallets.
P.S.
The cKronos and pKronos are equivalent to receipts, so they must NOT be sold, lost or exchanged to redeem the KRONOS. The tokens purchased in the presale will be converted into KRONOS and gradually released after the launch of the KronosDao platform.
Partnership with Corenode
KRONOS DAO announces its coming partnership with CORENODE slated for April 8th 2022. The partnership is projected to aid community members in minting $KRONOS from the protocol at a discount by trading it with liquidity (L.P. tokens) or other assets. Kronos DAO seeks to offer $BUSD, $BNB-$BUSD and $KRONOS/BUSD for BSC and is expected to include even more mint assets.
