CronosNode is a Cronos-based project that brands itself as an innovative approach to solvie the issues seen in current days DeFi-as-a-Service (DaaS) protocol projects.
The CronosNode Project has constructed (2) major innovations; Active Reward Mechanism (ARM) and Universal Sustainable Growth Fund (USGF) wallet. The combination of the Active Reward Mechanism and the Universal Sustainable Growth Fund will ensure that rewards in $CRON are disbursed in a manner that does not exhaust the project vault. The CronosNode Project is one component of a larger Node Navy ecosystem spanning Ethereum Virtual Machine Compatible blockchains.
In order to create a CronosNode, you must have at least 20 $CRON tokens. Node creation will mint an NFT, which is a representation of your node. The daily rewards for having a node will be based on their Active Reward Mechanism (ARM), which will automatically determine the scale of rewards per node. The team has designed ARM to dynamically recalibrate the rewards system thereby ensuring sustainable long-term rewards versus using a static reward system leveraged by other projects. CronosNode Holders can claim daily $CRON rewards via their dApp.
