Crodo is the future IDO platform in the Cronos network ecosystem. It is now the first and only IDO platform in the ecosystem. Thinking further, it is easy to understand that only projects built on the Cronos network can apply for IDO initial token sales on the Crodo platform.
The Cronos network was founded by Cryptocom and is one of the top 10 blockchain platforms. Total value of locked funds (TVL) in the Cronos ecosystem has reached the $4 billion mark, and is in 9th place among blockchain platforms by TVL, according to DeFi Llama. Also, Cronos has already launched about 130 projects and created 500,000 unique user addresses. These numbers are growing every day, and new projects are being launched on the platform. From the words above, it can be understood why the Crodo team chose the Cronos ecosystem, since there is little or no competition for the project and the potential and future growth prospects are great.
The white paper says that the team studied the main shortcomings of all IDO platforms and took everything into account when creating the Crodo platform:
- Developed a chatbot in telegram, which warns in advance of an important action, such as getting on the list of participants allowed to buy tokens.
- Installed fast running website servers, which can cope well with a sharp increase in traffic, and enabled protection against DDoS attacks.
- Introduced ranks for holding tokens, which are reset when tokens are withdrawn from the platform, which shows an additional motivation to keep tokens locked.
- Created an ambassadorship programme with the ability to submit tasks in a personal account, where you can monitor their status, view the balance of points earned, receive reminders of new tasks, and view the overall rating of the ambassadors.
- Project integration options have been developed to attract an audience for real use. Participants must first understand the project before purchasing tokens.
The platform has its own CROD token, holders of which are awarded ranks on the Crodo platform. With these, the user has a better chance of being included in the list of participants allowed to purchase tokens during the IDO process.
In my opinion, Crodo aims to become a kind of "window" into the ecosystem, through which only the selected, tested and approved by the team will pass. You can even assume that new projects that will be built on the Cronos network, with great enthusiasm will want to IDO their tokens exactly on the Crodo platform.