KryptoDEX launches on Cronos

InterDeFi is a defi ecosystem built with a multi-chain & cross-chain approach from the start. InterDeFi started with PolyDEX on Polygon in May 2021 and then CeloDEX on Celo in November. We are offering a suite of defi products, from AMM DEX, Aggregator, Farms, Launchpad to Vaults and NFT marketplace. We aim to be the link across blockchains and platforms as this space moves forward multichain verse.

Inspired by Krypto’s mission to build the future of the Internet — Web3, InterDeFi is thrilled to announce our plan to join the Cronos and Crypto.com ecosystem with KryptoDEX.

KryptoDEX is powered by InterDeFi with many winning components: a DEX with a very attractive trading fee, a launchpad with great IDO track record, a NFT marketplace, unique 3-type referral system and more. Just like Crypto.com, we are building day in day out to give users control over their assets, identity and data.

Feature Products

KryptoDEX AMM + Aggregator

Our automated market maker is built upon the battle-tested Pancakeswap at Binance Smart Chain, PolyDEX at Polygon and CeloDEX at Celo, offering traders and liquidity providers the best way to exchange tokens and earn trading fees with maximum flexibility and efficiency.

Moreover, KryptoDEX will also be a DEX aggregator, giving users the most optimized token swapping experience with lowest slippage and best possible rate across all DEXs, via our multi-routing protocol. KryptoDEX will aggregate CronaSwap and VVS.finance at the beginning and will expand further to other DEXes at Cronos.

With a user-oriented approach in mind, we have built KryptoDEX’s UI to display the multi-routing in real-time so you can view it clearly before confirming any transactions.

KryptoLAUNCH launchpad

KryptoLAUNCH is a decentralized multi-chain fundraising platform enabling projects to raise capital. We help to connect legitimate, capable teams with early stage investors and vice versa. With the expansion to Cronos, KryptoLAUNCH will help all good potential projects to launch on Cronos while allowing users from other chains to join with ease.

KryptoVAULT

Yield Optimization, Vaults, is always an important tool for both investors and projects. KryptoVAULT will provide investors the powerful tool on Cronos with automatic high compounding interest rates on their liquidity. We also seek to onboard reliable liquidity farms, assisting projects in building their liquidity.

Performance fees accumulated from KryptoVAULT will be used to support both KRX and other ecosystem tokens throughout its lifetime.

NFT Market

Following the successful PolySTORE launch on Polygon, we will bring this NFT market to Cronos, allowing users to sell, buy NFTs on the fly.

NFT Market will be launched later at suitable timing.

Any fees accumulated from the NFT market place will also be best utilized to benefit our ecosystem shareholders.

Tokenomics

To help attract liquidity providers as well as building initial liquidity, KryptoDEX will incentivize through the distribution of the platform share token over the period of one year.

  • Token : KryptoDEX ($KRX)
  • Token Contract : 0xF0681BB7088Ac68A62909929554Aa22ad89a21fB
  • Maximum Supply : 100,000,000
  • Initial Price : 0.2$

Distribution allocation:

  • Developer Fund : 10% | 10,000,000 $KRX
  • Marketing Fund : 10% | 10,000,000 $KRX
  • Treasury : 5% | 5,000,000 $KRX
  • Airdrop to PLX and CLX holders : 1% | 1,000,000 $KRX
  • Liquidity Incentives (Farming + NFT Farming) : 53.5% | 53,500,000 $KRX
  • Vault Incentives : 20% | 20,000,000 $KRX
  • Initial Liquidity : 0.5% | 500,000 $KRX

With that, the Farming Pools will start from Saturday, Nov 20th, 2021 at 2pm UTC, with the following pools

  • KRX / CRO : Allocation x10
  • KRX / USDC : Allocation x6
  • CRO / USDC : Allocation x2
  • WBTC / USDC : Allocation x1
  • WETH / USDC : Allocation x1
  • BNB / CRO : Allocation x1
  • WBTC / WETH : Allocation x1
  • USDT / USDC : Allocation x1
  • DAI / USDC : Allocation x1
  • DAI / USDT : Allocation x1
  • BUSD / USDC : Allocation x1
  • KRX/VVS : Allocation x2
  • KRX/CRONA : Allocation x2
  • AVAX/CRO : Allocation x 1
  • MATIC/CRO : Allocation x 1
  • FTM/CRO : Allocation x 1

Note:

  • Depending on market demand, the pool allocation might be adjusted accordingly, and new pools may be added in future.
  • Farming rewards are locked for 1 year and will be vesting for 1 year after that.

Moreover, KryptoDEX will also offer a set of staking options for long-term $KRX holders, ranging from no lock, 7-day lock(x2), 30-day lock (x5) and 180-days lock (x10), with increasing distribution rates proportionally to the commitment period of choices.

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Let’s peer over the edge. Embrace the moment and commit.

FORTUNE FAVOURS THE BRAVE!

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