The Kroma ICO represents a pivotal advance in blockchain technology, introducing an innovative accumulator protocol equivalent to EVM. This initiative appears to be aimed at significantly enhancing the scalability of Ethereum. Moreover, it combines the strengths of the Optimistic and ZK range. The goal is to achieve fast finality and maintain EVM equivalence, an approach pioneered in the blockchain world.
Kroma's technical edge: optimistic combos meet ZK's proof
The current Kroma process as an optimistic cluster with ZK error proofs leverages zkEVM based on Scroll technology. This strategic move addresses the efficiency challenges faced by Ethereum, paving the way for greater scalability and performance.
Token Sales Buzz: KRO Poised to Raise $1.6M with Unique Features
The KRO token sale, which began on January 29, 2024, has generated significant interest in the cryptocurrency community. At $3 per KRO, the ERC20 digital token aims to raise $1,608,000, offering 50,000,000 tokens. Kroma's ambitious plan to move to ZK Rollup highlights its commitment to improving ZK evidence generation, enhancing efficiency and cost-effectiveness.
KGH: NFTs transform verification network engagement
One notable feature of Kroma is the Kroma Guardian House (KGH), which offers a unique NFT collection. This initiative allows for broader participation in the Kroma Validator network, especially for individuals with no programming experience. KGH NFT holders can directly impact network security and validator performance by linking their NFTs with validators.
Redefining rewards: NFT holders and validators jointly benefit
Validators in the Kroma ecosystem are expected to receive increased rewards through a more comprehensive staking process. Furthermore, NFTs receive a share of these rewards, creating a viable source of passive income.
Holders of KGH NFTs will receive consistent monthly rewards of KRO tokens for 10 months, starting with a token generation event (TGE) in June 2024. The company also has a referral program that offers additional KRO tokens.
Validator-NFT Synergy: Enhancing network health and security
After the TGE event, validators must stake KRO tokens to participate and receive rewards. Integrating KGH NFTs into the signing process not only enhances the security of the network, but also allows NFT holders to earn shared verification rewards. According to the team, this stakeholder will be available with an upgraded validation system.
Impact on network health and security
The performance of validators directly impacts the health of the Kroma Network. The bonus share varies based on the auditor's performance and the bonus share percentage they determine. This mechanism incentivizes NFT holders to actively participate in selecting competent validators, aligning their interests with the overall health and security of the Kroma Network.
In conclusion, Kroma ICO represents a major leap in blockchain technology. By integrating NFTs into its ecosystem, Kroma is not only effectively scaling Ethereum, but also democratizing staking and incentivizing the network's security and efficiency. This innovative approach positions Kroma as a key player in the future of blockchain scalability solutions.
