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Kronos DAO is the first decentralized reserve currency protocol available on the Klaytn chain based on the KRNO token
Kronos DAO is the first decentralized reserve currency protocol available on the Klaytn chain based on the KRNO token. Each KRNO token is backed by a basket of assets (e.g., KDAI, KRNO-KDAI LP Tokens, and etc.) in the Kronos DAO treasury, giving it an intrinsic value that it cannot fall below. Kronos DAO also introduces economic and game-theoretic dynamics into the market through staking and minting. Kronos DAO is a fork of Olympus on the Klaytn chain.
There are two main strategies for market participants: staking and minting. Stakers stake their KRNO tokens in return for more KRNO tokens, while minters provide LP tokens or KDAI tokens in exchange for discounted KRNO tokens after a fixed vesting period.
Kronos DAO's current price is $ 0.00189, it has dropped -0.93% over the past 24 hours.
Kronos DAO's All Time High (ATH) of $ 80.12 was reached on 8 Apr 2022, and is currently -100% down.
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