Kromatika Finance update: KROM Live price, price chart, news and markets

All About Kromatika Finance

Kromatika Finance is a decentralized cryptocurrency trading protocol that provides users with the opportunity to trade digital assets without incurring swap fees, front-running bots, or price slippage.

The platform relies on the KROM token, an ERC20 utility token with a total supply of 100 million, which plays a vital role in enabling users to trade cryptoassets, earn rewards for securing other users' trades, and save on gas fees when engaging in transactions on the Ethereum blockchain.

Exploring the Components of Kromatika Finance

Kromatika Finance comprises several essential elements, including:

- Audited smart contracts powered by Uniswap for creating and executing trades. - User interface (UI) for interacting with Kromatika smart contracts. - Off-chain decentralized processing services powered by Chainlink Keepers, responsible for actively processing trades. - KROM token, a utility ERC20 token used for paying the service fee. This fee is covered by users and accounts for the cost of the processing services (Keepers).

Shedding Light on the KROM Token Economy

The KROM token has a pre-mined total supply of 100 million and cannot be minted. Out of this supply, 60 million KROM tokens are available for trading on Decentralized Exchanges on the Ethereum mainnet. To ensure security and prevent rug pulls and exploits, the proof of liquidity (position) from this liquidity is sent to dead wallet addresses.

Furthermore, 20 million KROM tokens are available for trading on Layer2 networks such as Arbitrum and Optimism. The remaining 20 million KROM tokens are held in a Gnosis Safe multisignature (2 out of 2) wallet and are exclusively used for project funding.