Chromia staking mechanics

Chromia staking mechanics

Overview of staking designFirst, let's clarify that by "staking" we mean a mechanism which allows a user to demonstrate that he has a stake in the system, for example, by proving that he owns a certain amount of CHR tokens which he cannot liquidate immediately. This makes the user financially exposed to events which happen with Chromia, thus we can assume that the user's incentives are aligned with the well-being…

PrimaBlock contract migration

Migration of CHR balances of mass distribution contracts (such as PrimaBlock pools) will be performed in following way: User withdraws old CHR balance from the contract as he would do normallySame amount of new CHR tokens will be sent to user's wallet later, e.g. within a week.In other words, user should withdraw as he would normally and just wait. Old CHR balance will remain in user's wallet. Users…

Migration to new ERC-20 token contract is complete

As mentioned before, the address of a new ERC-20 contract for CHR token is: 0x8a2279d4a90b6fe1c4b30fa660cc9f926797baa2 All simple wallet balances higher than 0.1 CHR were migrated to new token. Migration of 'dust' amounts below 0.1 CHR is considered uneconomical, as their value is below $0.003 while a cost of transfer is at least $0.25. All tokens in token distribution contracts which were scheduled to complete distribution in…

Chromia Mainnet Clarified

Chromia Mainnet Clarified

Many of you have asked for updates on the Chromia Mainnet, in this article we’ll clarify our mainnet roadmap and describe our progress. First, let’s clarify what we mean by a “mainnet”. For us, “mainnet” is not a particular milestone, but a process of a continuous refinement on a path towards maturity and mass adoption. Many projects get ossified once they reach a “mainnet” status, after that stage…

Migration to new ERC-20 token contract is 90% complete

Address of a new ERC-20 contract for CHR token is: 0x8a2279d4a90b6fe1c4b30fa660cc9f926797baa2 Chroma (CHR) Token Tracker | EtherscanChroma (CHR) Token Tracker on Etherscan shows the price of the Token $0.0000, total supply 388,407,044.026402, number of holders 2,325 and updated information of the token. The token tracker page also shows the analytics and historical data.etherscan.ioEthereum (ETH) Blockchain ExplorerMigration is performed automatically: user should receive same amount…

Announcement: CHR ERC-20 token fork

In relation to Kucoin hack: https://cointelegraph.com/news/freeze-pause-reboot-projects-react-differently-to-200m-kucoin-hack we decided to follow the example of OCEAN protocol and fork CHR ERC20 token contracts to recover the funds. In this respect, we advise CHR users to immediately halt token transfers (including exchange deposit and withdraw). A snapshot of CHR token ownership will be taken at October 3, 15:00 UTC. All wallet addresses except ones associated with an attacker…