What is Chronoly (CRNO)?
CRNO is the native token of Chronoly, which is the first watch investment platform. It allows users to invest in fractions of exclusive watches from brands like Rolex, Phillipe, Richard Mille, and others, with the help of NFTs. Every watch NFT is backed by the actual watch stored safely in depository vaults. You don't have to invest in the whole watch though, you can invest as little as $10. The main goal of the Chronoly crypto project is to redefine watch ownership and create an exclusive community.
The Chronoly ecosystem consists of the following parts:
- NFT marketplace. Here you can buy watch NFTs.
- Lending protocol. It allows users to borrow against their NFTs.
- Oracle. A specially created oracle that offers numerous data points to enhance the precision of tracking the worth of every watch.
If you're interested in seeing the CRNO crypto price, make sure to take a look at the Chronoly price chart featured above.
Use Cases of CRNO Tokens
One of the primary use cases of CRNO crypto assets is allowing holders to become a part of the exclusive Chronoly members club. Members of this club get access to NFT drops, networking events, and so on. Presale CRNO coins automatically provided their holders with this membership.
Another use case is providing CRNO coin holders with access to exclusive rewards, including cash prizes or even watch giveaways.
Lastly, CRNO tokens can be staked, this way providing stakers with a way to generate passive income.
Don't forget to check out the CRNO price chart above. It features the current and the previous CRNO crypto price.
Tokenomics of CRNO
The max supply of CRNO crypto assets is 1 billion. Out of that supply, 30% was dedicated to a presale and 19.5% to exchange listings. Furthermore, 14% was dedicated to reserve capital, while 15% was set aside for marketing purposes. The remaining portion was set aside in the development wallet (17%), as well as distributed to advisors & partnerships (3.5%), and given to charity (1%).
