$KRONO

$KRONO, the native token of Krono Chain, serves as the foundation of the network’s economy, offering multiple utilities across staking, governance, DeFi, and trading. Here’s how $KRONO is used within the ecosystem:

1. Redemption & Conversion Rewards

• $KRONO acts as the redeemable asset for converting $aiKRONO (wrapped KRONO) earned as validator rewards.

• Validators and ecosystem participants can swap $aiKRONO for $KRONO, providing liquidity and enabling further staking or trading.

• This mechanism ensures a sustainable reward system for validators and long-term token holders.

2. Gas Fees for Transactions & Smart Contracts

• $KRONO is used to pay gas fees for all transactions, smart contract executions, and dApp interactions on Krono Chain.

• With its low-cost and high-speed structure, Krono Chain ensures efficient transaction processing while keeping fees minimal compared to Ethereum.

3. DeFi Applications & Liquidity

• $KRONO is a core asset in Krono Chain’s DeFi ecosystem, enabling users to:

  • Provide liquidity in decentralized exchanges (DEXs) and earn rewards.

  • Lend and borrow through DeFi lending protocols.

  • Use as collateral for stablecoins or synthetic assets.

• $KRONO’s integration into DeFi applications ensures its continuous demand and utility.

4. DAO Governance & Voting Power

• Holding $KRONO grants voting rights in the Krono Chain DAO, allowing users to:

  • Propose and vote on network upgrades, economic policies, and community initiatives.

  • Influence the validator program rules and ecosystem expansion strategies.

• The more $KRAI staked or held, the greater the governance influence, ensuring active community participation.

5. Trading & Market Liquidity

• $KRONO can be traded on exchanges, providing market liquidity and investment opportunities.

• As the primary asset of the ecosystem, $KRAI’s demand grows with increased dApp adoption, staking, and validator participation.