I already mentioned the Gaur Money project in my article about the two new Crodo partners , but there I only briefly talked about them and did not mention that there are two separate projects of the BiShares Finance company, one of which is Gaur Money, and the second is BiShares. That's why I wrote this article, where you will find out more information about these two projects that are collaborating with Crodo. I hope this information will be useful to you, everyone enjoy reading!
So these two projects run on the Cronos network and provide a number of tools on it.
1. Gaur Money.
This project is primarily a tool for providing liquidity and making money on it. By creating the project, they set themselves the goal of increasing the liquidity of ETH, while providing high returns with reduced risks in addition to the safety of ETH. Why ETH? — It's simple, the Cronos network is built on the Etherium network, there is a bridge between them, and they touch in one way or another, for these reasons, ETH is one of the most popular non-own assets on the Cronos network.
They chose the path of creating a token that would be related to ETH as 1000:1, this token became GAUR , at the time of writing its price is $0.91. Gaur are moving towards their goal and at the moment 1000 GAUR=0.3558 ETH, which is a good result, given the small age of the project.
Gaur Money also provides liquidity for the CRO token, which is the main token in the Cronos network. From this collaboration, Gaur can be expected to provide liquidity for the CROD token as well.
2. BiShares.
BiShares offers a decentralized way to add diversified tokens to the basket with the sole purpose of offering the safest way to crypto diversify while being subject to any risk class you choose .
BiShares offers a range of products to suit any beginner, intermediate or professional. Later, their DAO will bring together the necessary decentralized protocols to ensure that the community has full control over the distribution of the fund's assets. There is no competition in their protocol, it is a collaboration to achieve the goal of BiShares - a completely self-governed community initiative to vote on how, what, where and when all BiShares funds will be created and released.
A very strategic and important goal of the founders is that everyone has equal buying rights and a transparent approach to improve interaction with the BiShares ecosystem.
As you can imagine, BiShares is focused on creating their own DAO and providing it with many benefits and tools. Here is a list of BiShares platform tools:
- dETFs.
The platform allows you to find a BiShares fund that matches your diversification concept. - Farms.
You can earn additional income on top of your dETF tokens through their farms. - ArbEx.
Exchange your dETF tokens and take advantage of arbitrage opportunities. Simply put, an ordinary svapalka with certain additions. - BiShares Dao.
In the future, they plan to create their own DAO, in which you will shape the future of BiShares, participate, vote and earn.
The project has its own BISON token, which is estimated at $0.17 at the time of writing. Currently, their DApps are supported by two networks: Binance Smart Chain and Fantom. What does this mean, given the collaboration with CRODO? It can be expected that in the near future their DApps will start supporting the Cronos network, and their exchange will list the CROD token. This cooperation looks very promising. Also, do not forget that BiShares Finance invests money in projects, which means that Crodo could receive a nice amount of money from them in addition to future cooperation.
CONCLUSION
Now you have learned in detail all the basic information about Crodo's partner BiShare Finance. I hope this article was useful to you, thank you all for reading!
https://twitter.com/Kiemi_Takada is my twitter account.
https://crodo.io/profile/ambassador — website of the ambassador program.
https://docs.crodo.io/ - whitepaper of the project.
https://t.me/crodoruchanel - telegram channel of the Russian community CRODO.
https://www.instagram.com/brokensh1ne/ is my instagram.