Crodo is a platform that provides decentralized fundraising in the Cronos ecosystem for projects at an early stage of development on favorable terms for investors and creators of the platform, according to the project document. What is this Cronos ecosystem? As you know Crypto.com created his own network called Cronos, compatible with the Ethereum Virtual Machine and running in parallel with the chain Crypto.org . Now there are a lot of IDO sites, and there is a lot of competition there, you say. But the team of creators took into account all the shortcomings of these sites and created an improved version of them. The first and main drawback was the lack of reminders to participants about the start, approval in the whitelist, the beginning of the token redemption stage, etc. Because of this, participants sometimes forgot to log on to the site in time and lost the chance to buy a token at a bargain price. To do this, the team has developed a telegram chatbot that warns in advance about an important action.
The next drawback is slow-running site servers that do not cope well with a sharp increase in traffic, which leads to problems accessing the IDO site at the right moment. This problem was solved using CDN (the site loads faster) and DDoS protection via Cloudfare, hosting was also hosted in Kubernetes on virtual servers. The next problem is the lack of additional motivation for buying and storing project tokens. To solve this problem, the following is accepted: for storing tokens, you will earn an additional CROD (project token) and ranks that increase your chances of winning entry into the white list, which are reset if tokens are withdrawn from the site.
Another equally important problem: the participants do not understand the projects and buy everything in a row. For this purpose, project integration options have been developed in order to attract an audience for real use, exactly how the team has not yet disclosed. That's all for now, I'll try to tell you more about Crodo in the following articles 😉
Crodo is a platform that provides decentralized fundraising in the Cronos ecosystem for projects at an early stage of development on favorable terms for investors and creators of the platform, according to the project document. What is this Cronos ecosystem? As you know Crypto.com created his own network called Cronos, compatible with the Ethereum Virtual Machine and running in parallel with the chain Crypto.org . Now there are a lot of IDO sites, and there is a lot of competition there, you say. But the team of creators took into account all the shortcomings of these sites and created an improved version of them. The first and main drawback was the lack of reminders to participants about the start, approval in the whitelist, the beginning of the token redemption stage, etc. Because of this, participants sometimes forgot to log on to the site in time and lost the chance to buy a token at a bargain price. To do this, the team has developed a telegram chatbot that warns in advance about an important action.
The next drawback is slow-running site servers that do not cope well with a sharp increase in traffic, which leads to problems accessing the IDO site at the right moment. This problem was solved using CDN (the site loads faster) and DDoS protection via Cloudfare, hosting was also hosted in Kubernetes on virtual servers. The next problem is the lack of additional motivation for buying and storing project tokens. To solve this problem, the following is accepted: for storing tokens, you will earn an additional CROD (project token) and ranks that increase your chances of winning entry into the white list, which are reset if tokens are withdrawn from the site.
Another equally important problem: the participants do not understand the projects and buy everything in a row. For this purpose, project integration options have been developed in order to attract an audience for real use, exactly how the team has not yet disclosed. That's all for now, I'll try to tell you more about Crodo in the following articles 😉
