CRODO - STAKING
The Crodo staking contract is used to incentivize long-term cooperation. CROD is the platform's internal token that can be locked for 7 to 730 days. This will enable users to obtain an allocation. By blocking tokens in the contract, users get a chance to redeem the allocation. The blocking period is a multiplier that increases the number of your "Gravity" according to the formula:
< 7 days 1.01x (1% reward per day)
< 30 days 1.05x (5% reward per month),
< 90 days 1.15x (15% per quarter)
< 180 days 1.25x (25% per six months)
< 365 days 1.40x (40% per year)
< 730 days 1.60x (60% per two years).
The calculated "Gravity" appears in the smart contract, which will be blocked for the duration of the blocking period of the user's tokens. This allows other users to buy a stake and make a profit from subsequent redemption. The CROD blockchain wallet will calculate the estimated "Gravity" for the user, but this amount is not guaranteed until the user's tokens are placed in a smart contract. After 7 days from the moment of locking, you can withdraw your holding without additional fees if you have not received any new stakes for that period.
In addition, The CROD system is based on the blocking period. It determines how much you have earned with your own tokens by locking them in a smart contract. Block your CROD tokens in the Smart Contract and get more "Gravity" - active points that are exchanged for different products and services in the Crodo ecosystem.
However, CROD tokens will be generated during the ICO. The number of tokens that will be available for sale is calculated at the ratio of total number of tokens for sale to a multiplier determined by the period for which you want to block your tokens in the smart contract (7 to 730 days). For example, during the ICO, if 10 000 Crodo tokens are sold, but with a blocking period set at 30 days (which means that users get a chance to redeem their allocation by locking up their tokens in the CROD smart contract), then good miners will be issued 3000 Crodo tokens. It is important to note that the project owners will not get any tokens; all investors' funds will be used only to pay for bounty programs and create an advertising campaign.
To make CROD tokens even more attractive we decided to combine them with a staking pool. It helps those who have not been able to join the ICO to get the liquidity of their tokens and make income. Crodo will not affect the ecosystem by reducing the total number of available tokens (maintaining a TBA-amount of tokens), but only keep your token blocked for a specified period with no possibility to sell it. After blocking you will get a certain percent interest on your CRODs - TBA.
Succinctly, CROD are ERC20 tokens you can lock in order to get profit. You can sell tokens at a higher rate if they are blocked, the blocking is done in a smart contract to ensure their security. The main purpose of a CROD token is to raise capital for further development of products and services provided by the platform.
For More Information Visit;
Website: www.crodo
Twitter: http://twitter.com/Crodo_io
Telegram: https//t.me/+ZIYIOeZvU4dmYjQ6
