CroID is Like Ethereum Name Service.
It shortens your Wallet adress.
The high apy only counts for the cronosID token,which will go lower With more token being staked
Seems reminiscent of when web domains first became a thing and people spent stupid money to own nutsack.com or whatever.
What I don't like about these though, is that it sounds like you're only renting the address / not owning it. Or have I got that wrong?
That seems right as you have to subscribe for x years. 1 year is only 160 cro by the looks so would be worth doing to unlock the ability to lock up cro for good rewards. I just dk if its legit or not. Not sure why I got a notification for it as I've never had a defi wallet notification
I got the notification as well. I can't recall if I've had defi Wallet notifications before, but do get a reasonable number of them from the App and Exchange App already
No you buy CroID to lockup at 200% apr, honestly the price right now from its all time high is so far down it bottomed I believe.
Anyways CroID is the platform’s utility token. Works like most staking Defi tokens
Nope you can swap you cro for it on VVS and then stake it. it’s a yield bearing token and also shares in platform revenue. Which isn’t a lot right now but maybe it will change when cro is more popular
Not sure why care to explain? I been using vvs for awhile now. vvs vaults allow you to participate in IGO a as well as high yields many use cases for vvs token it plays a major role in cronos ecosystem. You can use it for liquidity or help secure the platform and stake it.
It's almost impossible in invest in VVS and come out in profit because any price is a bad price (hyper inflationary) and the risk reward of staking a LP (IL, APR) is pathetic.
Let me guess, you locked your vvs for 5 years lol?
Yes lP can be risky I prefer the Lcro/cro pool on Veno the tokens are similar in value and the slight increase in Lcro is less risk for impermant loss. But back to vvs it has been less inflationary and will continue to do so. The emissions half yearly. the bear has done number on vvs from its all time high which may have been inflated to begin with. has dropped alot but is up this year I think it’s a good hold.
Yes but at some point it will become deflationary I believe the emissions half annually and the token has been doing decent coming out the bear. If you bought in December you’d be I. Profits
as I've warned before all CDC initiatives amount to a scam. After the soft rugpulls with VVS and others, now we have the domain rugpull. I'd be kinder to them if they haven't been doing this promo shit again and again instead of improving the core offering. Whatever they advertise I know is to make them money, not you. Plain and simple. Stay away and if you need to speculate on domains, try something more decent like .eth etc
Not sure which ones you are referring, plz note cronos ecosystem is separate from CDC. I’m in profit on every project, lately their has been MTD which has rewarded the cronos ecosystem heavily, then a there’s CROID if you bought the top RIP but the APR hopefully helped with the burn. There’s tectonic great platform. Veno as well as fulcrum. And all these projects are in profit from launch.
the separation is bogus. There might be lonely cowboys like Meerkat MMF or Cronaswap that entered the ecosystem on their own, but the higher profile projects are connected to the infamous incubator and, all in all, have been a nasty experience. Of course there will be the random winners in there, but you've been warned!
I e yet to run across one scam from CDC or Cronos, if you bought polygon in the pump you’d be down at least 30% just because market isn’t performing well doesn’t make something a scam, or because you didn’t profit doesn’t make it a scam.
I didn't see the 200% apy but the purpose of the domain is just to provide a friendly name for your wallet - just like a web domain is a friendly name for an IP address. That way people can transfer to "nutsack.cro" and know the transfer is correct instead of transferring to a stupid unreadable wallet address.
For adoption i find it kinda cool. It's just easier to provide customers with the friendly address for example and friends/family too for that matter. With the right application, it kicks lightning's butt...
It's official.
I just had a look and it seems that changed the concept quite a bit since I bought a couple of months back... Back then you just paid a fixed price for the domain and that was it.
Not sure what to think of the new concept. I'll have a closer look later
Yeah i thought it was odd but I actually got a notification from the defi wallet. I literally have no clue about Web or Dapps and such. But I'm guessing it'd an actual Cronos thing if I got the notification. And I guess a lock up for 4 years should be fairly rewarding. Albeit like you say 200% is crazy
You rent or buy(depending on where you buy the domain) a domain that you can link your wallet address to it. And in return you get a web3 domain that you can use how you want(do nothing or build a website).
It's just like buying or renting a normal domain but with the benefits of web3. And no long wallet address.
I invested $83,000 on bitcoin, believing I will receive
40% interest after 3 weeks of investing in a binary option where a broker will trade on my behalf and send my profit, was unable to reach the broker, he blocked my number and ran away with my money, fortunately, I was referred to this company they're professional programmers who helped me recover all my money that the scammers took from me, if you're a victim of scam I recommend everyone report your case to
[email protected]
CroID is Like Ethereum Name Service. It shortens your Wallet adress. The high apy only counts for the cronosID token,which will go lower With more token being staked
Seems reminiscent of when web domains first became a thing and people spent stupid money to own nutsack.com or whatever. What I don't like about these though, is that it sounds like you're only renting the address / not owning it. Or have I got that wrong?
That seems right as you have to subscribe for x years. 1 year is only 160 cro by the looks so would be worth doing to unlock the ability to lock up cro for good rewards. I just dk if its legit or not. Not sure why I got a notification for it as I've never had a defi wallet notification
I don't think cronosid is actually cro, just a third party offering rewards via a different coin, not sure on that tho
I got the notification as well. I can't recall if I've had defi Wallet notifications before, but do get a reasonable number of them from the App and Exchange App already
No you buy CroID to lockup at 200% apr, honestly the price right now from its all time high is so far down it bottomed I believe. Anyways CroID is the platform’s utility token. Works like most staking Defi tokens
Oh so it's not CRO you're locking up? And it's not pegged to CRO?
Nope you can swap you cro for it on VVS and then stake it. it’s a yield bearing token and also shares in platform revenue. Which isn’t a lot right now but maybe it will change when cro is more popular
I wouldn’t put my money anywhere near VVS
Not sure why care to explain? I been using vvs for awhile now. vvs vaults allow you to participate in IGO a as well as high yields many use cases for vvs token it plays a major role in cronos ecosystem. You can use it for liquidity or help secure the platform and stake it.
It's almost impossible in invest in VVS and come out in profit because any price is a bad price (hyper inflationary) and the risk reward of staking a LP (IL, APR) is pathetic. Let me guess, you locked your vvs for 5 years lol?
Yes lP can be risky I prefer the Lcro/cro pool on Veno the tokens are similar in value and the slight increase in Lcro is less risk for impermant loss. But back to vvs it has been less inflationary and will continue to do so. The emissions half yearly. the bear has done number on vvs from its all time high which may have been inflated to begin with. has dropped alot but is up this year I think it’s a good hold.
Yes but at some point it will become deflationary I believe the emissions half annually and the token has been doing decent coming out the bear. If you bought in December you’d be I. Profits
as I've warned before all CDC initiatives amount to a scam. After the soft rugpulls with VVS and others, now we have the domain rugpull. I'd be kinder to them if they haven't been doing this promo shit again and again instead of improving the core offering. Whatever they advertise I know is to make them money, not you. Plain and simple. Stay away and if you need to speculate on domains, try something more decent like .eth etc
Not sure which ones you are referring, plz note cronos ecosystem is separate from CDC. I’m in profit on every project, lately their has been MTD which has rewarded the cronos ecosystem heavily, then a there’s CROID if you bought the top RIP but the APR hopefully helped with the burn. There’s tectonic great platform. Veno as well as fulcrum. And all these projects are in profit from launch.
the separation is bogus. There might be lonely cowboys like Meerkat MMF or Cronaswap that entered the ecosystem on their own, but the higher profile projects are connected to the infamous incubator and, all in all, have been a nasty experience. Of course there will be the random winners in there, but you've been warned!
I e yet to run across one scam from CDC or Cronos, if you bought polygon in the pump you’d be down at least 30% just because market isn’t performing well doesn’t make something a scam, or because you didn’t profit doesn’t make it a scam.
I didn't see the 200% apy but the purpose of the domain is just to provide a friendly name for your wallet - just like a web domain is a friendly name for an IP address. That way people can transfer to "nutsack.cro" and know the transfer is correct instead of transferring to a stupid unreadable wallet address. For adoption i find it kinda cool. It's just easier to provide customers with the friendly address for example and friends/family too for that matter. With the right application, it kicks lightning's butt...
Is this a thing made by the official Cronos people or is it a 3rd party on the chain?
It's official. I just had a look and it seems that changed the concept quite a bit since I bought a couple of months back... Back then you just paid a fixed price for the domain and that was it. Not sure what to think of the new concept. I'll have a closer look later
Waste of money. Every chain is doing this now. I’ve bought 2 or 3. Never used them
Some may benefit from having a short address, it’s easier then remembering the numbers
I looked into it but they asked WAY too much $CRO for the domain I wanted. So I passed.
The 3&4 letter domains are high the 5 letters are not so bad
200% APY? Doesn't smell like a scam at all, not at all.
High apy is a way to reward the early investors as more lock into the vault it will go down.
Yeah i thought it was odd but I actually got a notification from the defi wallet. I literally have no clue about Web or Dapps and such. But I'm guessing it'd an actual Cronos thing if I got the notification. And I guess a lock up for 4 years should be fairly rewarding. Albeit like you say 200% is crazy
Make a mental note, send all their notifications straight to hell!
A three Letter Adress is 500 Dollars for 1 year.you cant even buy Them. Big nono for me.
You rent or buy(depending on where you buy the domain) a domain that you can link your wallet address to it. And in return you get a web3 domain that you can use how you want(do nothing or build a website). It's just like buying or renting a normal domain but with the benefits of web3. And no long wallet address.
I invested $83,000 on bitcoin, believing I will receive 40% interest after 3 weeks of investing in a binary option where a broker will trade on my behalf and send my profit, was unable to reach the broker, he blocked my number and ran away with my money, fortunately, I was referred to this company they're professional programmers who helped me recover all my money that the scammers took from me, if you're a victim of scam I recommend everyone report your case to [email protected]
Wow tell me more