CJ - Cryptocurrency Enthusiast
Chronos, a decentralized cryptocurrency exchange (DEX) and liquidity provider, is poised to revolutionize the world of decentralized finance (DeFi) on the Arbitrum Layer 2 crypto network. Designed as a community-owned platform, Chronos is on a mission to fuel DeFi growth through inventive liquidity incentives.
Arbitrum as the Foundation
At the core of Chronos is its selection of Arbitrum as the foundational network. Why Arbitrum? It offers the scalability, high-speed transactions, low costs, and robust secure cryptocurrency features essential for a thriving DeFi ecosystem. Arbitrum is already home to a multitude of DeFi projects and pioneers, perfectly aligning with Chronos' vision.
A Unique ve(3,3) Model
Chronos operates on a distinct ve(3,3) model, a complex but effective approach that benefits every participant in the ecosystem. This model drives liquidity while actively engaging liquidity providers, veCHR voters, traders, and protocols.
No-Rebase Model for Sustainability
One standout feature is Chronos' commitment to a no-rebase model, demanding that voters maintain their locked positions over time. This approach promises long-term sustainability and economic incentives for all involved.
Dual Token Ecosystem
Chronos employs two tokens, CHR and veCHR, to motivate users for contributing liquidity, participating in governance, and voting. Both tokens play pivotal roles within the ecosystem, reinforcing their value.
Tokenomics and a Remarkable Airdrop
With an eye on broad participation, Chronos plans an expansive airdrop, distributing 54% of the initial supply. This airdrop, one of the largest in Arbitrum's history, rewards minted chrNFTs with CHR and veCHR tokens. An impressive 9% of the initial CHR supply is allocated to airdrops for chr NFT miners.
Charting Ambitious Goals
Chronos envisions itself as the primary liquidity hub on Arbitrum. Fueled by the innovative ve(3,3) model, it seeks to draw liquidity and users into its ecosystem. However, it's not without competition in a bustling DeFi landscape.
Chronos emerges as a promising player in DeFi, aiming to reshape Arbitrum's DeFi landscape through its unique approach and robust features. Its evolution and competition in this dynamic space will be worth watching.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards