Cronos World Partners with Reef to scale effectively using its Ecosystem Products
Cronos World believes the only way forward is development. In order to pursue this endeavor, it has made various strategic decisions to support the growth of the project and its community. An important one is forming judicious partnerships with the top projects and leaders in the industry.
Powering through the elaborate set of partner projects, Cronos World is delighted to bring another uniquely placed partner, Reef, in a strategic collaboration to provide a major push to their shared vision of onboarding and helping the next billion users into Web3.
The core principle for both these projects is to make crypto accessible. The partnership aims to benefit from the symbiotic community relationships and provide early access to the associated projects. With the help of its Ecosystem Products, Cronos World will enable Reef Chain developers to grow more effectively.
The modern era of web engagement has been elevated by the extension of Web3 into community-governed systems. As Cronos World continues to explore the leaps and bounds of how our future interactions will shape, they sure want to be on top of procuring the best use cases and showcasing them inherently.
Reef chain is an EVM-compatible blockchain for DeFi. It is a Layer 1 blockchain project that promises to solve problems associated with today’s Defi environment. Reef uses an NPOS consensus mechanism for block production and Proof of commitment (PoC) for
electing members to a Technical Council. The company hopes to solve the complexities of Defi by providing a global liquidity solution and innovative and self-sustaining yield mechanism
Cronos World is a multi-utility platform for Web3 development, built on the Cronos Chain.
The company has a model of operations. The association with Cronos benefits the partners directly in a number of ways. The gamified CrownHOOD community nurtures the members who come with specific skill sets and work for bounties or incentives. This community is like an army that Cronos’ partners can get access to on demand.
Following the strategic decision, the Reef community will be able to make use of Cronos World’s decentralized launchpad, NFT market, and AMM DEX. DApps building on Reef Chain will get the opportunity to launch on Cronos World, while Reef Partners will get whitelist spots in projects launching on CrownPAD, the Cronos Launchpad. Moreover, the community can anticipate fascinating Reef x Cronos NFT Marketplace partnerships and Reef x CrownPAD integration.
Cronos was created as a sidechain for the Crypto.com blockchain. It aspires to develop into a strong decentralized network capable of running EVM-compatible decentralized applications. Similar to Reef, Cronos enables users to port any dApps or smart contracts, running on Ethereum to its chain with little to no coding modifications.
A partnership between Cronos and Reef will favor their chain’s communities and become a valuable asset to each other.
Reef is an EVM-first blockchain designed to make Web3 accessible for the next billion users. Reef offers high scalability, affordable transactions, and utilizes Nominated Proof of Stake, extensible EVM, and on-chain upgradability. Reef is the future blockchain for NFTs, DeFi, and gaming. It can easily accommodate the needs of the future of Web3 development. Reef is an ideal blend of old and new, a trait that makes it eternal and timeless.
About Cronos World
Cronos World is a platform that aims to provide a diverse product portfolio for serving multiple purposes on the Cronos network. It is an “all-in-one platform for Cronos Ecosystem”. The contribution of CronosWorld to the Cronos chain includes a Decentralized exchange (DEX), an NFT marketplace, a launchpad, and an incubator for Cronos’s chain-based project. Moreover, the platform is also planning to launch a Game-Fi.