This week, the CHR crypto asset will be listed on INDODAX. Open deposits will start on March 29, 2023, at 14:00 WIB, and available trading will start on March 30, 2023, at 14:00 WIB.
Chromia runs with the ERC20 network and was previously called Chromapolis. Curious? Come on, read more here!
Data and Information
Chromia is a new blockchain platform for decentralized applications, conceived as a solution to the shortcomings of existing platforms.
Chromia is also designed to enable the new generation of dapps to scale beyond what is currently possible.
Chromia is a Layer-1 and Layer-2 blockchain solution under active development to enhance enhanced features, data handling, and storage capabilities for decentralized applications.
Chromia Motivation
Platforms like Ethereum allow any application to be implemented in theory, in practice they have many limitations:
- Not-so-good user experience
- High cost
- Limited developer
- Bad security
This prevents decentralized applications (dapps) from going mainstream.
Chromia believes that to address this issue adequately, they need to seriously reconsider blockchain, such as its architecture and programming model taking into account the needs of decentralized applications, such as:
- Allows dapps to scale to millions of users.
- Improve dapps user experience to achieve parity with extended apps.
- Allows developers to build secure applications using familiar paradigms.
Use Case
Chromia is a versatile platform suitable for almost all kinds of dapps.
It is especially suitable for cases requiring high I/O capacity or involving complex data set management.
Massively multiplayer online games (MMOGs) are such a case in point. Blockchain games are becoming more and more popular, but MMOGs are currently out of reach because no blockchain platform can support it.
Chromia can host entire game worlds on the blockchain, ensuring that they develop according to predefined rules and that no one can cheat.
They believed that implementing an MMOG would be the best way to showcase Chromia’s capabilities.
MMOG has very demanding requirements, as the capacity to run MMOG implies that Chromia is suitable for all challenging and complex applications.
Chromia already has a wide variety of applications built on their blockchain, using their chain as a decentralized storage layer and their Layer-2 enhancements.
These apps range from the DeFi Hedge options trading platform to the open-world farming game My Neighbor Alice to the government land registration initiative LAC PropertyChain.
One of the newest features in development is a new NFT standard called Chromia Originals, which will operate as both a native standard on the Chromia suite and as an additional layer to existing ERC-721 and BEP-721 tokens.
This Layer-2 enhancement is being developed in collaboration with My Neighbor Alice.
Chromia Team
The Chromia core team comprises industry veterans Or Perelman, Henrik Hjelte, and Alex Mizrahi. All three have deep roots in crypto space.
Alex published several early academic papers in the context of Proof of Stake and was also one of the key figures behind colored coins, one of the first projects to develop the ‘token’ idea that Ethereum would become famous for.
CHR Crypto Assets
The current CoinMarketCap ranking is #255, with a live market cap of $101,627,657 USD. It has a circulating supply of 686,549,902 CHR coins and a max. supply of 1,000,000,000 CHR coins.
How to Buy CHR Crypto Assets on INDODAX
Those who want to buy CHR crypto assets can buy them on INDODAX starting March 30, 2023, at 14:00 WIB. Here’s how to buy it:
- You can register immediately for those of you who still need to become a member.
- After that, make a deposit.
- After your deposit and balance are entered, you can return to the INDODAX market.
- Look for CHR on the IDR market, then click on it.
- After entering, you must buy by filling in your balance and at what price you want to buy CHR. You can also buy it instantly or directly at the current price.
- After that, you need to wait for the price to increase for some time
- After the price increases, you can sell at a higher price with the instant method
- If you sell with the limit method, you can place an order after buying. Make sure you enter a higher number when selling.
