What Is KROME Shares(KROME)? Complete Guide & Review About KROME Shares

What Is KROME Shares(KROME)? Complete Guide & Review About KROME Shares

What Is KROME Shares(KROME)?

The live  KROME Shares price today is $0.074080 USD with a 24-hour trading volume of not available. They update KROME to USD price in real-time. This is down 1.81% in the last 24 hours. The current CoinMarketCap ranking is #9974, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.

KROME is the next generation HYBRID stablecoin project on the Klaytn network. With advanced intelligent design, USDK (stablecoin of KROME project) starts off as 100% collateral backed, gradually reducing dependence to collaterals as project grows ensuring enhanced capital efficiency.

Coin BasicInformation
Coin Name KROME Shares
Short NameKROME
Max SupplyN/A
Total Supply499,490,582
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Official Project WebsiteClick Here To Visit Project Website

The only stablecoin on Klaytn solving the Stability-Efficiency dilemma

Collateral backed stable coins (USDC, USDT, DAI, KSD) are stable but lack capital efficiency. Algorithmic stable coins (Basis Cash, ESD, KAI) are capital efficient but not stable.


USDK, starting as 100% collateral backed, auto‑magically balances collateral ratio as project grows for better capital efficiency – making KROME the most advanced next-generation stable coin project.

The yield making machine

Collaterals of KROME project don’t sit idly in project wallet. The AMO (Algorithmic Market Operations Controller) module performs open market operations that maximize yield so long as it does not break the peg. The AMO tirelessly works on behalf of KROME holders 24/7 for maximum yield. (AMO module is scheduled to launch on v2 update).

Governance token with “REAL” value

Unlike governance tokens of other algorithmic stablecoins that their sole purpose is to hold the peg, KROME – the governance token of KROME project – has “REAL” value accrued from AMO profit.

Turbo charged LP rewards with 4x booster!

With the cutting edge “VE” (Vote Escrowed) Design, users can have up to 4x boost on their yield locking up KROME token. As veKROME mechanism rewards longer lock period exponentially, KROME holders can expect stronger momentum.

What is the KROME token?

The KROME token is the governance token of the KROME project, and the decision-making of the project is made through the governance of this token. Although the total issuance of KROME tokens is 500 million, since KROME is burned when USDK is issued, the total amount of KROME will decrease over time, creating upward pressure on the price. In addition, commission income such as collateral investment income and minting/redeem fees is also accumulated in KROME tokens.

Distribution of KROME tokens

Community governance can determine which pools and programs will be eligible for this reward, but cannot change the total amount of the reward. Accordingly, a total of 245,000,000 KROME will be allocated to a liquidity program for the community and several DeFi project goals to be determined by future governance. New programs may be eligible for this pool by governance decision, but only the remaining amount at that time will be rewarded.

The purpose of this plan is to limit the total amount of KROME issued and circulated, and also to maintain the long-term reward period. This is because only when this reward can be maintained in the long term can the problem of early participants monopolizing most of the rewards, and the community can grow through the long-term growth of the KROME protocol.

How is USDK different from other stablecoins?

There are two types of stablecoins: collateral-based (USDT, DAI, KSD) and algorithm-based (Basis Cash, KAI). In other words, the collateral base has a problem in that a lot of capital is tied up because 1 dollar or more of collateral has to be deposited to create a stablecoin worth 1 US dollar, and the algorithm base has no capital tied up, but it is difficult to maintain the value of 1 dollar. .

USDK is a next-generation hybrid stablecoin that has two advantages. It is a stablecoin that starts with 100% collateral at the beginning, guarantees stability, and increases capital efficiency by gradually lowering the collateralization rate as the issuance volume increases and the project grows.

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