CHR (Chromia) Introduction

2020/07/27 04:39

Project Introduction

1. Brief Introduction

Chromia is a new blockchain platform for decentralized applications, conceived in response to the shortcoming of existing platforms, and designed to enable a new generation of dapps to scale beyond what is currently possible. Chromia is both a blockchain and a relational database.

2. Detailed Introduction

Chromia is a blockchain platform that aims to solve the scalability problem for dApps. The platform consists of a network of relational blockchains. dApps can be written in a way that is familiar to developers all over the world, whether they work on large enterprise applications, games, or smaller projects.Similar to sharding in Ethereum, each blockchain within Chromia is associated with a set of validator nodes, which is a subset of all nodes belonging to Chromia. This subset of nodes runs a Byzantine Fault Tolerance (BFT) consensus algorithm. The network consensus is further strengthened by anchoring Chromia's transaction history to Proof-of-Work (PoW) blockchains such as Bitcoin and Ethereum - once a block is anchored, it will be considered final.CHR is Chromia's native utility token. Users can use CHR tokens within dApps and the dApps in turn pay transaction fees to block producers using the CHR token. Chromia allows dApps to issue CHR-backed tokens, while investors of dApp projects can be compensated in CHR through a profit-sharing contract. For developers, Chromia offers the opportunity to derive income from their dApps, with popular dApps generating more income demand for tokens owned by the developer.Current implementations of dApps on Chromia involves finance, gaming, real estate, and healthcare. In the future, Chromia will also focus on dApps involving supply chain, enterprise services, and IoT.

3. Token Allocation

Private Sale tokens: 19.40% of total supply.
IEO Sale tokens: 4.00% of total supply.
Team tokens: 2.98% of total supply.
Founders tokens: 4.50% of total supply.
Advisors tokens: 1.92% of total supply.
Promotion Fund tokens: 25.00% of total supply.
Ecosystem Fund tokens: 37.20% of total supply.
Automatic Conversion Contract tokens: 3.00% of total supply.
Compensation Pool tokens: 2.00% of total supply.