Chromia (CHR) exchange rate

What Is Chromia? 

Are you interested in the CHR price? The project is quite attractive, though. Chromia comes as a blockchain platform enabling easy construction of decentralized applications in ordinary life. It is a brainchild of ChromaWay, a company aka ‘pathfinder’ in the blockchain. 

The idea is an open and shared application infrastructure. The Chromia platform was born out of enterprise use cases, groundbreaking activities are done in land registration and electronic currencies. 

Before jumping into the whole trading thing with this currency, let’s dive deeper into what is CHR and how you can benefit from it. Take a look.

Chromia came up as a solution to the scalability issues of dApps. The blockchain platform comprises a chain of relational blockchain - the term they first introduced to the world. All developers throughout the world can write dApps, should they work on huge corporate applications, less significant projects, or games. Just like Ethereum’s sharding, every blockchain within this network is related to a group of approving nodes. The latter is a subgroup of all nodes that Chromia possesses.

This group of nodes used to work by the Byzantine Fault Tolerance protocol. It was later enhanced by ‘hooking’ Chromia’s transaction logs to Proof-of-Work blockchains like Bitcoin and Ethereum. When the block is bound, it is deemed as final. 

The network originated this coin as a utility one. People can use it within dApps and they, in due turn, pay transaction commissions to sabotage producers exploiting the CHR coin. The platform enables dApps to release CHR-related tokens, and investors of dApps initiatives can be rewarded in CHR via a profit-sharing agreement. 

Developers get the opportunity from Chromia to generate revenue from their dApps, and most marketable decentralized apps generate more demand for developer-owned Chromia coins. The domains that benefit from dApps implementation are gaming, healthcare, real estate, finance. Other industries to get involved in are supply chain, IoT, and enterprise services.

Buying Chromia

You can purchase the token by turning to a trustworthy crypto exchange. Pick the one that uses reliable safety protocols and whose info is fully encrypted. Additionally, you might want the exchange that doesn’t ask for personal data and you can use it anonymously. To prevent any data leakage, Godex.io, for example, does not request sensitive data of yours, respecting fully your privacy.

 As for the CHR price, you get the best possible one thanks to the approach, adopted on the platform. Here’s the thing: the rates are different on most platforms. Godex.io grants the best terms to use it in the long run. It investigates immediately the “coin-coin” current rate on all well-known crypto exchanges and delivers the most beneficial one.

By the way, if you don’t like the starting ratio of the tokens’ prices, you can just keep an eye on its changes without reloading the platform’s page. Once you see a decent rate, you can go for exchange operations.  Additionally, you can swap as much digital money as possible and exchange commissions won’t change during the whole process. For every single crypto, there’s a fixed rate (e.g., CHR to USD).

Circulation of Chromia

The current worth of Chromia is $0.28681300 USD (as for April, 17, 2021). The price has increased by up to 18.93% over the last 24-hour period. The hourly jump achieved 0.26%. The token’s market cap presently constitutes $123,279,000.00, meaning the CHR coin is in the 343d place. 

You can notice a decrease in the weekly cost by - 2.65%. The starting price was announced to be $0.24713814 USD, and the closing one was $0.23049315. The highest value for yesterday turned out to be $0.25805020, and the lowest one - $0.21312072, with the volume of  $54,863,858.73. 

In a one-week context, the highest value was $0.30567907 and the lowest -$0.17179990. As for a month, these are $0.47981635 and $0.17179990. For three months,you can find the prices $0.75916371 and $0.02874582 accordingly. 

For now, the Chromia coin is at $123,279,000.00 with the volume for a 24-hour period of $103,283,000. 429.82 M coins are circulating right now, and the overall supply constitutes 471.97 M and the biggest possible one is 1.00 B. 

Can You Mine Chromia?

So, what is CHR in the context of mining? Back in 2020, the company released games on Chromia. These are Mines of Dalarnia, Chain of Alliance, and Krystopia: Nova’s Journey. Dalarnia includes the components of economic and digital asset possession powered on Chromia.

Chromia Studios teamed up with Workinman Interactive and generated the game Mines of Dalarnia, a dynamic, adventurous one where users’ characters pass through different blocks to discover the colossal spaces of intergalactic treasure mines. The game has this Token system allowing to buy virtual mining spots and rent them out to the community. This way, real estate lords get more tokens.

Additionally, Hedget, a decentralized platform, had a liquidity mining cooperation with Chromia. This means users are rewarded with tokens who give liquidity on Uniswap and then place bets on the subsequent Uniswap V2.