Hello everyone, and merry Christmas in advance.
In today's blog, we'll learn something new; frankly speaking, you might want to take a step forward after reading this blog post.
A little while ago; I was browsing the internet for remote online jobs for computer engineering students, and boom! I stumbled on DAO.
Just so you know - DAO stands for decentralized autonomous organization. You might be wondering what this means, but you'll get to comprehend it in a couple of minutes.
The emergence of DAO has taken the world by storm, and thousands of people from all walks of life are sharing and contributing to different communities to earn points (money).
That being said; decentralized autonomous organizations, basically have no central governing body - their members aim to share a common goal to act in the best interest of the entity.
DAOs are internet-focused organizations mutually owned and managed by their members.
It is worth knowing that there are hundreds of web3 DAOs on the internet, you can see their roadmap, and also explore open bounties, and different work that'll earn you money.
A typical example of a decentralized autonomous organization (DAO) is
https://kromatika.finance/.
OVERVIEW OF KROMATIKA DAO
Kromatika Finance is a decentralized exchange (DEX) that is powered by Uniswap and Chainlink. Its sole purpose is to offer its users an innovative, most user-friendly trading experience. Interesting right?
Anyone looking to check any ongoing tasks, should contribute using bounties or simply apply to be a contributor within the Kromatika DAO Dework page. The Kromatika DAO Dework page can be found
here..
Kromatika is an open-source codebase, and it is published on Github under the MIT and GPL-3.0 licenses.
Anybody can see how
https://kromatika.finance/ was developed, built, and who are the code contributors. Kromatika uses a smart contract to deal with issues encountered daily by blockchain users.
Their aim is to contribute to the core blockchain values of trust, decentralization, and innovation while reducing costs to users while doing so.
Plus, they are constantly striving to become an exemption of the decentralized community.
$KROM is the utility, and governance token of the Kromatika protocol deployed on Ethereum with a total supply of 100 million tokens
The tokenomic model of $KROM is deflationary by design since the tokens are being burnt.
$KROM is the only token used to unlock limit order of Kromatika protocol.
This simply means that by using KROM tokens, you not only get access to cost-efficient limit orders on the DEX, but you will also get LP fees on every trade thanks to the innovative approach to providing liquidity.
$KROM token can also be used as a governance token within the Kromatika DAO. Kromatika DAO has the power to add more utilities for the KROM token through governance proposals. That's all for now.
0 Comments:
Post a Comment