What is KROM

Learned by 86 usersPublished on 2024.04.03Last updated on 2024.12.03

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  • Last Price€--
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  • Circulating Supply80.28M
  • All-Time High€--
  • Total Supply100M

Note: The project description is sourced from official materials provided by the project team. However, it is important to note that these materials may be outdated, contain errors, or omit certain details. The provided content is for reference purposes only and should not be considered investment advice. HTX does not assume any liability for any direct or indirect losses incurred as a result of relying on this information.

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Kromatika ($KROM): Shaping the Future of Decentralised Trading

Introduction

In the ever-evolving landscape of blockchain technology and decentralised finance (DeFi), Kromatika emerges as a notable player within the ecosystem. Aiming to enhance user experience and provide innovative trading solutions, Kromatika is securing its place as a decentralised exchange (DEX) to watch. With its advanced functionalities and user-centric approach, Kromatika offers a glimpse into the future of trading within the web3 environment.

What is Kromatika ($KROM)?

At its core, Kromatika is a decentralised exchange designed to operate across Ethereum Layer 1 and Layer 2 networks. It specialises in a range of trading options including limit orders, swaps, perpetual trading, and gasless swaps. The primary goal of Kromatika is to create a more accessible and effective trading experience.

The platform harnesses the technological capabilities of existing blockchain architectures, prominently utilising Uniswap's liquidity protocols and Chainlink's data feeds. The native token of the Kromatika ecosystem, $KROM, functions as both a utility and governance token. This token facilitates various tasks such as paying limit order fees and allowing holders to participate in the decision-making processes of the Kromatika Decentralised Autonomous Organisation (DAO).

Through intuition-driven design and powerful functionality, Kromatika aims to redefine the trading experience for users in the DeFi space.

Who is the Creator of Kromatika ($KROM)?

As per the information currently available, the specific identity of Kromatika's creator remains unclear. The focus on the project itself rather than its founders speaks to a broader trend in the crypto space, where communities and collaborations often eclipse individual recognitions. This collective emphasis on partnerships could be indicative of evolving dynamics in how successful projects are developed and supported.

Who are the Investors of Kromatika ($KROM)?

At this time, detailed information about the investment foundations or organisations backing Kromatika is not publicly accessible. It is not uncommon in the blockchain realm for projects to secure funding from a network of private investors, venture capitalists, or community fundraising without disclosing specific names. This can often lead to a degree of anonymity concerning investment sources, further emphasising the decentralised ethos that underpins many crypto initiatives.

How Does Kromatika ($KROM) Work?

Kromatika operates on a unique framework that embraces off-chain mechanisms for order execution, making it stand out amid traditional DEX models. The platform employs Chainlink Keepers technology, which facilitates the timely collection of orders once specified price targets of limit orders are met. This automatic and decentralised process promotes a seamless trading experience, mitigating latency and execution challenges that can plague less sophisticated platforms.

Moreover, the $KROM token underpins the operation of Kromatika by serving as the currency for limit order fees. Kromatika's architecture is further strengthened by its deflationary tokenomic model, which entails the burning of certain tokens, thereby reducing supply over time. This strategic approach is designed to increase the value of the token while integrating scalability, efficiency, and security into the core functionality of the DEX.

An emphasis on an open-source codebase—publicly accessible on platforms like GitHub—underlines Kromatika's commitment to transparency and community engagement. By allowing external developers and enthusiasts to contribute, the project not only strengthens its ecosystem but also increases the general trust and security afforded to users.

Timeline of Kromatika ($KROM)

A chronological overview of significant milestones in Kromatika's history demonstrates the project’s progressive journey since its inception.

  • November 15, 2021: Kromatika is officially founded, marking the beginning of its mission to innovate within the DeFi landscape.
  • 2021: The project gains recognition by winning an award at the Chainlink Fall Hackathon, solidifying its status within the blockchain community.
  • Subsequent Developments:
  • Launches on Ethereum Mainnet, Arbitrum, Optimism, and Polygon—pioneering its multi-platform accessibility.
  • Introduces the gasless limit trading feature, enhancing user affordability.
  • Establishes Kromatika DAO governance, allowing community members to participate in governance decisions.
  • Enters the market with a CEX listing, broadening user accessibility and market reach.
  • Innovates with the release of perpetual trading features, expanding trading options beyond traditional protocols.
  • Introduces free gasless swaps on Polygon and Arbitrum, further refining user interactions and lowering costs.
  • Deploys Kromatika v3, boasting an improved user interface and new functionalities designed for user satisfaction.
  • Launches a referral programme and a gas refund initiative on Optimism, incentivising user growth and platform loyalty.
  • Integrates Uniswap v4 and cross-chain bridge aggregation solution, enhancing liquidity and interoperability.
  • Deploys Kromatika on Base, moving to expand its aggregator infrastructure further.

Key Features

Kromatika's architectural design combines several key features that contribute to its innovative and user-friendly environment:

  • Decentralised Exchange (DEX): Kromatika operates as a DEX, enabling users to engage in limit orders, swaps, and perpetual trading while leveraging the transactional advantages of Ethereum.

  • Utility and Governance Token: The $KROM token serves essential functions, allowing holders to pay fees and influence governance, enhancing user engagement.

  • Utilisation of Chainlink Keepers: This feature guarantees efficient and effective off-chain order management, establishing a responsive trading environment for users.

  • Deflationary Tokenomics: A sustainable approach to token supply management emphasises the burning of tokens, potentially increasing value over time by limiting availability.

  • Scalability and Security: Designed to be fast and secure, Kromatika aims to support high volumes of transactions while ensuring safety through strategic design choices.

Additional Information

Kromatika goes beyond mere features, demonstrating a commitment to community governance and security through several initiatives:

  • Open-Source Codebase: Keeping its code accessible to the public, Kromatika allows for scrutiny, pet project contribution, and collaborative development within the blockchain community.

  • Decentralised Autonomous Organisation (DAO) Governance: The establishment of Kromatika DAO promotes a sense of ownership among community members, ensuring that future developments align with users' preferences and needs.

  • Security Assurance: Having undergone a security audit by Certik, Kromatika emphasises adherence to industry best practices, thereby bolstering trust and user confidence in its platform.

Conclusion

As Kromatika continues to carve out its niche within the decentralised trading market, it encapsulates the myriad opportunities in the blockchain and crypto sector. With an array of innovative features, a community-engaged governance model, and a keen focus on security, Kromatika sets an example for future projects aiming to facilitate seamless trading experiences. Navigating the rapidly changing terrain of DeFi, Kromatika is well-positioned to lead the charge towards a more user-friendly, transparent, and efficient era of decentralised finance.

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What is KAON

Kaon (KAON): A Comprehensive Analysis of the Bitcoin Infrastructure Layer Kaon (KAON) represents a significant evolution in blockchain technology, aiming to bridge Bitcoin's security with the programmability of modern decentralised applications. Originally launched as Akropolis, a decentralised finance (DeFi) protocol on Ethereum, the project pivoted in 2024–2025 to focus on Bitcoin-based infrastructure. By integrating Bitcoin’s Unspent Transaction Output (UTXO) model with Ethereum Virtual Machine (EVM) compatibility, Kaon enables native programmability for Bitcoin, unlocking its potential for capital markets and decentralised finance. This report provides a detailed examination of Kaon’s technical architecture, governance, historical evolution, and strategic objectives. Overview of Kaon Mission and Vision Kaon’s primary mission is to address Bitcoin’s limitations in programmability and interoperability while preserving its security. Traditional Bitcoin solutions often rely on centralised components like bridges or oracles, which introduce vulnerabilities. Kaon eliminates these dependencies by enabling direct interaction with Bitcoin’s UTXO model through EVM-compatible smart contracts. This approach allows developers to build decentralised applications (dApps) that leverage Bitcoin’s liquidity without compromising its foundational security principles. The project’s long-term vision is to position Bitcoin as a cornerstone of decentralised capital markets. By introducing synthetic statefulness through subprograms, Kaon enhances Bitcoin’s functionality to support complex financial instruments, such as cross-chain smart contracts and yield-generating protocols. What is Kaon ($KAON)? Kaon is an innovative blockchain initiative designed to enhance Bitcoin’s programmability, allowing it to support a wider array of decentralised applications. By reimagining how Bitcoin can be utilised in the evolving Web3 ecosystem, Kaon proposes a model that both upholds the security consensus of Bitcoin and offers the flexibility typically associated with Ethereum's architecture. Unique Features of Kaon EVM Compatibility: Kaon incorporates EVM compatibility through the Evmone module, facilitating the deployment of Solidity smart contracts directly on the Bitcoin network. This integration allows developers familiar with Ethereum-based environments to transition seamlessly to Bitcoin's secure framework. Synthetic Statefulness: By implementing subprograms, Kaon brings synthetic statefulness to Bitcoin’s UTXO model. This means that smart contracts can maintain state without altering Bitcoin’s architecture, enhancing its programmability while preserving security. Cross-Chain Transaction Efficiency: Kaon employs a hybrid consensus mechanism that combines Delegated Proof-of-Stake (dPoS) with an innovative consensus model known as Galaxy Consensus, which enables secure, cross-chain interoperability. Who is the Creator of Kaon ($KAON)? Kaon originated from Akropolis, a protocol co-founded by Ana Andrianova and Kate Kurbanova. Andrianova, with prior experience as a fund manager at Lehman Brothers, and Kurbanova, a skilled blockchain engineer, established Akropolis to create decentralised financial solutions on Ethereum. The transition to Kaon occurred in response to the growing demand for improvements in Bitcoin's infrastructure, officially rebranding the project under their leadership in the period of 2024-2025. Who are the Investors of Kaon ($KAON)? Kaon has garnered significant backing from several prominent venture capital firms and blockchain-focused investors, indicating strong institutional confidence in its prospects and technical roadmap. Notable investors include: IDEO CoLab Ventures: An early funding partner in the project, supporting Akropolis’ transition to Kaon. The Spartan Group: Contributed to the project during its initial stages as Akropolis. Kenetic Capital: Backing from this investor underscores Kaon’s potential to redefine Bitcoin’s role in decentralised finance. LedgerPrime: Engaged in investing during the Akropolis phase and supporting subsequent developments. Alameda Research: Played a critical role in the ecosystem development prior to its restructuring in 2022. These investments demonstrate the confidence placed in Kaon's innovative approach to combining Bitcoin's security with enhanced programmability. How does Kaon ($KAON) Work? Kaon leverages several innovative mechanisms that set it apart within the cryptocurrency landscape, enhancing how Bitcoin transactions are facilitated and utilised. Integration of Bitcoin UTXO Model The core of Kaon’s innovation is its adaptation of Bitcoin’s UTXO model to support programmable logic through DApps. This feature is unique because it allows Bitcoin to maintain its foundational structure while incorporating new functionalities typically associated with more flexible platforms. Hybrid Cross-Chain Consensus Mechanism Kaon utilises a hybrid model combining Delegated Proof-of-Stake (dPoS) and Galaxy Consensus. This dual approach facilitates efficient transaction validation while ensuring cross-chain interactions remain secure. It utilises novel cryptographic techniques that safeguard the network against potential vulnerabilities. Secure Multi-Party Computation (sMPC) To enhance transaction security, Kaon integrates secure multi-party computation (sMPC). This mechanism ensures that transactions are verified independently across multiple nodes, eliminating central points of failure and reinforcing the reliability of cross-chain operations. Timeline of Kaon ($KAON) Key Milestones in Development July 2019: Akropolis launches on Ethereum, setting the stage as a pioneer in decentralised finance solutions. October 2020: IDEO CoLab Ventures invests in Akropolis, supporting initial developments. March 2021: Akropolis sees significant traction, reaching notable milestones in the DeFi space. January 2024: AIP-017 proposal is introduced by the community, initiating the transition towards Kaon. February 2025: Formal rebranding occurs alongside the migration from $AKRO to $KAON. Q3 2025: Anticipated mainnet launch, which will further facilitate Bitcoin-native decentralised applications. Conclusion Kaon (KAON) represents a paradigm shift in blockchain infrastructure, merging Bitcoin’s security with the versatility of EVM-based smart contracts. By addressing Bitcoin’s programmability limitations through innovative consensus mechanisms and cross-chain interoperability, Kaon positions itself as a critical enabler of decentralised capital markets. Strategic rebranding, robust governance, and institutional backing further solidify its potential to redefine Bitcoin’s utility in the Web3 era. Future developments, including mainnet deployment and expanded partnerships, will be pivotal in realising its vision of a trust-minimised Bitcoin ecosystem. In summary, the evolution of Kaon marks a significant milestone in the quest for more functional and secure decentralised financial systems, positioning Bitcoin at the forefront of the next wave of blockchain innovation.

1 Total ViewsPublished 2025.06.10Updated 2025.06.10

What is EUROP

Understanding EURØP: A New Era for Stablecoins in the Crypto Space The digital currency landscape has seen dramatic transformations in recent years, with stablecoins emerging as key players in the broader strategy of crypto projects. One such project is EURØP, represented by the token symbol $europ. This article presents a comprehensive overview of EURØP, detailing its objectives, creators, investors, operational model, and important milestones within its developmental timeline. What is EURØP? EURØP is a euro-backed stablecoin that aims to bridge the gap between traditional finance and the burgeoning world of digital currencies. The main objective of EURØP is to create a compliant, euro-denominated stablecoin that can facilitate digital payments, engage in decentralised finance (DeFi), and support tokenised assets. By adhering to the regulatory standards set forth under the European Markets in Crypto-Assets (MiCA) framework, EURØP positions itself as a reliable asset in the crypto industry, poised for broad adoption. One of the distinctive features of EURØP is its foundation on well-established blockchains, namely the XRP Ledger (XRPL) and Ethereum/Polygon networks. This foundation not only enhances its transactional capabilities but also fosters interoperability with various decentralised applications (dApps), setting EURØP apart from lesser-known projects. Who is the Creator of EURØP? The creation of EURØP is attributed to a team of seasoned professionals within the blockchain and financial sector. Notably, the project is spearheaded by Martin Bruncko and Eduardo Morrison, both of whom are former executives from a prominent cryptocurrency exchange. Their extensive background in cryptocurrency trading, regulatory compliance, and technology infrastructure significantly contributes to EURØP’s credibility and vision for sustainable growth in the crypto sphere. While there is limited public information available regarding their specific personal credentials or past achievements, their experience positions them as pivotal figures for the operational success and strategic direction of EURØP. Who are the Investors of EURØP? EURØP recognises the importance of robust financial backing and has garnered support from notable investors known for their contributions to the crypto ecosystem. The list of investors includes organisations such as RockawayX, Lightspeed Faction, Kraken Ventures, and Nexo Ventures. Each of these investment foundations brings a wealth of experience, resources, and networks that can substantially aid in EURØP's development and eventual acceptance in the market. The backing from such established organisations serves to enhance EURØP's market credibility and instils confidence in potential users and stakeholders alike. These investors have historically supported projects that align with advancements in technology and regulatory compliance, which further signals EURØP’s commitment to transparency and legal adherence. How Does EURØP Work? EURØP's functionality is rooted in its stablecoin design, which seeks to maintain a one-to-one value against the euro through a reserve-backed mechanism. This mechanism is crucial for ensuring price stability in a market characterised by volatility, allowing users to transact confidently in a stable digital currency. Unique Features of EURØP Regulatory Compliance: EURØP is designed to be compliant with the MiCA regulations, affirming its commitment to operating within the framework of European law. This compliance ensures that EURØP is not vulnerable to regulatory crackdowns that have affected other projects in the past. Technological Integration: Built on the XRP Ledger and Ethereum/Polygon ecosystems, EURØP capitalises on the speed and scalability of these blockchains. The use of XRPL, known for its high transaction throughput, increases the efficiency of EURØP in processing payments and facilitating rapid asset transfers. Partnerships: The project's collaborations with established financial institutions, such as Société Générale, highlight EURØP's dedication to creating a synergistic relationship with traditional banking systems. These partnerships not only legitimise the project but also expand its reach within the broader financial landscape. Auditing and Transparency: EURØP has commissioned audits by KPMG, one of the world’s leading audit, tax, and advisory firms. This initiative underlines the project's commitment to transparency and accountability, providing stakeholders with confidence in the management of its financial reserves. Timeline of EURØP The timeline of EURØP marks significant developments in its evolution as a prominent stablecoin project. The following events highlight crucial moments in its journey: September 2024: The project secured seed funding, providing a vital financial foundation that enabled subsequent developmental activities. November 2024: EURØP was officially launched, making its entry into the digital assets market. This launch represented the culmination of extensive planning and strategic positioning within the competitive landscape of crypto assets. May 2025: Plans to integrate EURØP with the XRP Ledger were announced, enhancing its operational functionality and positioning it for greater adaptability within diverse financial ecosystems. Looking ahead, the timeline indicates a solid trajectory for EURØP as it continues to develop and expand its reach across the European and global markets. Conclusion EURØP stands at the forefront of the evolution of stablecoins in the crypto landscape, characterised by its adherence to regulatory frameworks, technological innovation, and strong backing from prominent investors. With its aim to serve as a stable digital currency for euro-denominated transactions, EURØP is well-poised to facilitate the transition between traditional finance and an increasingly digitised world. As the project progresses along its developmental timeline, it embraces the challenges of a rapidly changing market while striving to maintain transparency and trust with its stakeholders. With the continued backing of visionary creators and esteemed investors, EURØP represents a promising addition to the crypto ecosystem, one that is anchored in both innovation and compliance. The future of EURØP is bright, and it is likely to play a significant role in the ongoing integration of cryptocurrency within financial systems, paving the way for broader acceptance of digital currencies on a global scale.

4 Total ViewsPublished 2025.06.10Updated 2025.06.10

What is RESOLV

Resolv Protocol: Pioneering Stablecoin Evolution in DeFi As the decentralized finance (DeFi) landscape continually evolves, innovative solutions are emerging to tackle the inherent challenges of stablevalue assets. Among these is Resolv Protocol, which has introduced a delta-neutral stablecoin model that transcends traditional fiat-backed alternatives. This comprehensive article will delve into Resolv and its token, $RESOLV, exploring its architectural foundation, unique mechanisms, and strategic significance in the Web3 movement. Introduction to Resolv Protocol Resolv Protocol is a transformative DeFi initiative designed to address key issues surrounding stablecoins, particularly the reliance on fiat currencies and the volatility that characterizes many crypto-assets. The core offering of Resolv is the $USR stablecoin, which operates without dependencies on conventional financial systems while ensuring stability through a combination of cryptocurrencies—namely, Ethereum (ETH) and Bitcoin (BTC). The protocol stands out for its innovative liquidity mechanism known as the Resolv Liquidity Pool (RLP), which serves as an insurance layer. By facilitating capital efficiency unlike overcollateralized stablecoins, Resolv promises not just stability, but also a unique structure for risk management and yield generation. What is Resolv Protocol? At its core, Resolv is a decentralized finance protocol aiming to redefine how stablecoins function. Its primary objective is to create a stablecoin ecosystem that eliminates the need for fiat currency, utilizing only crypto assets for collateral. The $USR stablecoin, the central feature of the protocol, is intricately designed to maintain a 1:1 dollar peg through delta-neutral strategies that counteract price volatility in the backing cryptocurrencies. The $USR ecosystem operates on a dual-token model comprising $USR and $stUSR, thereby separating risk between liquidity providers and stablecoin users. This layered approach not only enhances stability for end users but also generates opportunities for yield for those who participate in risk-oriented liquidity provisions. Who Created the Resolv Protocol? Resolv Protocol was founded by a trio of blockchain enthusiasts: Fedor Chmilev, Ivan Kozlov, and Tim Shekikhachev. Each member brings extensive experience in finance and technology. Fedor Chmilev serves as the Chief Technology Officer, previously working at renowned fintech companies. Ivan Kozlov, the Chief Executive Officer, has a background in structured financial products, while Tim Shekikhachev, the Chief Product Officer, focuses on risk engineering within DeFi protocols. The founding trio established Resolv Labs in 2023, showcasing their commitment to innovation in the blockchain space. Who are the Investors of Resolv Protocol? In its early stages, Resolv Protocol garnered considerable attention from prominent venture capitalists specializing in cryptocurrency investments. The project successfully completed a seed funding round in April 2025, raising $10 million. Leading the investment were notable firms such as CyberFund and Maven 11, with additional backing from several esteemed organizations including Coinbase Ventures, Arrington Capital, and Robot Ventures. This diverse investment landscape provides Resolv with both financial fuel and networking opportunities vital for scaling its operations. How Does Resolv Protocol Work? Resolv Protocol’s operational framework is rooted in its ability to maintain stability and mitigate risk through sophisticated mechanisms. Users mint the $USR stablecoin by depositing ETH or BTC as collateral. In a bid to hedge against market volatility, the protocol simultaneously opens short perpetual positions in these assets. This dual mechanism creates a delta-neutral position capable of maintaining the pegged value of $USR. One of the standout features of Resolv is the Resolv Liquidity Pool (RLP), where participants stake their tokens to absorb various risks associated with leveraged positions and potential liquidation events. This innovative approach not only diversifies risk across the platform but also allows users to enjoy elevated yields through their participation in RLP, thereby catering to both conservative and risk-averse liquidity providers. The protocol's unique capital efficiency highlights a 30% margin buffer designed to absorb market fluctuations, with automatic rebalancing of collateral ratios. An intrinsic aspect of this ecosystem is the forthcoming $RESOLV token, which is poised to enhance governance and community engagement once launched. Timeline of Resolv Protocol The timeline of Resolv Protocol is marked by several significant milestones that signal its rapid development and growing adoption: 2023 Q2: The conceptualization of the Resolv Protocol. 2024 Q1: Launch of the testnet on Ethereum Goerli, showcasing initial functionalities. 2024 Q3: Mainnet deployment achieved with ETH collateral. 2025 Q1: Expansion to include BTC and cross-chain integrations. 2025 Q2: Successful seed funding round, raising $10 million. 2025 Q3: Governance token introduction and the transition to a decentralized autonomous organization (DAO). These landmark events represent Resolv's commitment to continuous innovation and expansion within the DeFi space. Conclusion Resolv Protocol marks a pivotal evolution in the landscape of decentralized stable assets. With its innovative delta-neutral stablecoin design and comprehensive risk distribution framework, Resolv has positioned itself uniquely within the DeFi ecosystem. By marrying advanced economic mechanisms with community governance through the forthcoming $RESOLV token, the protocol embodies the promise of decentralized finance. As the protocol continues to evolve, it faces ongoing challenges in liquidity management, cross-chain operations, and institutional adoption. However, with a robust foundation and strategic vision, Resolv is poised to set a new standard for stablecoins in Web3, potentially establishing the $USR as a benchmark stable asset in the decentralized finance sphere. In a world increasingly influenced by digital currencies, Resolv's commitment to reshaping the financial landscape offers a glimpse into a future where stability and decentralization can coexist harmoniously.

3 Total ViewsPublished 2025.06.10Updated 2025.06.10

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