- Chronos is set to launch a highly upgraded version of their platform, Chronos V2, encompassing a multitude of upgrades including an NFT marketplace, enhanced maNFTs, UI/UX upgrades, and concentrated liquidity.
- Chronos’ upgraded emission schedule ensures longevity of the platform by securing the value of the CHR token while the boosted treasury allocation supports the smooth operation of the platform.
Brace yourselves as Chronos, a forerunner in the crypto space, unravels its latest creation, Chronos V2, an upgraded version of their existing Decentralized Exchange (DEX). With an innovative blend of novel features such as an NFT marketplace, enhanced maNFTs, and concentrated liquidity, this upgrade aims to provide a seamless trading experience to users.
📂 Chronos v2 upgrade comes with great features
— 🌐 𝐃𝐄𝐅𝐈 𝐍𝐄𝐖𝐒 🌐 (@Definews_Info) June 6, 2023
The team at Chronos has devoted immense effort to establish a transparent platform, with Chronos V2 to introduce a host of statistical features. Users can anticipate real-time insights into liquidity, transaction volumes, and other critical metrics, paving the way for informed decision-making.
Bearing a unique signature in the NFT universe, Chronos is all set to roll out its in-house NFT marketplace, offering a streamlined process for trading financial NFTs. Its features include data cards showing crucial information such as CHR balance, voting power, USD and ETH equivalent value, and unlock time, and facilitate smooth Over-The-Counter (OTC) transactions.
On the user interface front, Chronos V2 promises an array of upgrades, making the platform more intuitive, user-friendly, and efficient. Look forward to limit orders, Token-Weighted Average Price (TWAP) orders, token price charts, instant rewards claims, and cross-chain swaps, among other improvements.
Chronos V2 also introduces concentrated liquidity, a defining feature that aims to optimize capital efficiency in the DEX. Unlike its predecessor, Chronos V2 allows liquidity providers to concentrate their capital within smaller, more precise price intervals, resulting in deeper liquidity around the mid-price point and enhanced trading fee earnings.
Chronos V2 heralds an upgrade in maNFTs, boosting the maximum potential from 2x to 3x, and unveiling a new maturity curve system. Users will enjoy the flexibility to merge maNFTs across any maturity level, facilitating more efficient trading and liquidity management.
As part of Chronos’ commitment to longevity and value protection, the CHR emissions schedule is undergoing an important shift. The platform is set to increase the weekly decay of CHR emissions from 1% to 2% and double the weekly treasury CHR emissions from 2.5% to 5%. This strategic change helps maintain the balance of CHR’s value and ensures the smooth operation of the platform.
Moreover, the Chronos team is integrating a cutting-edge referral system, DiBS, in partnership with the Muon Network. The goal is to create a vibrant user network, reward introductions of new participants, and drive higher trade volumes to Chronos.
Intricately designed with future scalability in mind, Chronos V2 is just the beginning of an exciting journey. The team is relentlessly working on future innovations and is excited to share more updates soon.