Chromia (designed by Symphony Avenue) is a new blockchain platform for decentralized applications. It is designed around the shortcomings of existing platforms and aims to enable a new generation of programs (dapps) to expand beyond what is currently possible. Chromia is both a blockchain and a relational database. This means that decentralized applications (dapps) can be written in a way that is familiar to developers all over the world, whether it is a large enterprise application, a game or a small project.
Chromia is the native token of Chromia. Used as block rewards and to pay transaction fees. Also an economic balancing tool for dapps deployed on Chromia. It:
- Enables dapps to pay for system resource usage
- Enables resource transfers between dapps
- Enables smart contract automatic transfers
- Liquidity and profit sharing
- For validators Nodes provide a mechanism for depositing deposits to participate in the public network

Project Introduction

What is Chromia (CHR)?

Chromia is a blockchain platform designed to solve the scalability problem of dApps. The platform consists of a network of relational blockchains. dApps can be written in a way that is familiar to developers around the world, whether they are working on large enterprise applications, games, or small projects. Similar to sharding in Ethereum, each blockchain in 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 Tolerant (BFT) consensus algorithm. Network consensus is further enhanced by anchoring Chromia's transaction history to proof-of-work (PoW) blockchains such as Bitcoin and Ethereum - once a block is anchored, it is considered final. CHR is Chromia's native utility token. Users can use CHR tokens in dApps, and dApps in turn pay transaction fees to block producers with CHR tokens. Chromia allows dApps to issue CHR-backed tokens, and investors in dApp projects can be compensated in CHR through a profit-sharing contract. For developers, Chromia offers the opportunity to generate income from their dApps, and popular dApps generate more income demand for tokens owned by developers. Current implementations of dApps on Chromia span finance, gaming, real estate, and healthcare. In the future, Chromia will also focus on dApps involving supply chains, enterprise services, and the Internet of Things.

Economy and Supply

Private sale: It was traded at 0.05 USD/CHR from May 1st to August 20th, 2018, with an average exchange rate of 7,736.75 USD = 1 BTC, 270.21 USD = 1 ETH, and raised 9.70MM USD. The private transaction was conducted in USD, BTC, and ETH, raising a total of $138,351.25, 23.37 BTC, and 34,717.57 ETH.

IEO sale: It was traded through KuCoin on May 28, 2019 at a price of 0.05 USD / CHR, with an average exchange rate of 1.10 USD = 1 KCS, and a total of 2.00MM USD was raised. The IEO sale was conducted only in KCS, and a total of 1,818,181.82 KCS was raised.