1D
🌎 The World's largest Index of Cryptoassets. Get listed →
Cronosphere (SPHERE)SPHERE
$0.410393
-0.72%
Cronosphere (SPHERE)
SPHERE Price
$0.410393
-0.72%
Rank
#325
Market Cap (24H)
$52.11M
-0.72%
Volume (24H)
$42
-81.21%
Circulating Supply
126,967,463
Transp. Vol.
Grade
1H1D1W1M1Y
-0.72%
Cronosphere logo
SPHERE
United States Dollar logo
USD
CRO0xc9fde...2d3e441
CRO
Verify address & DYOR
Contract
CRO0xc9fde...2d3e441
CRO
Verify address w/ multiple resources & DYOR
Websitehttps://cronosphere.org
CommunityTwitterRedditTelegramDiscordMedium
SPHERE is a CRC-20 token that was released by Cronosphere, a facility deployed on the Cronos blockchain. The platform r...Read more
Prediction

Cronosphere Price (SPHERE)

null

SPHERE Daily Performance

Today's Cronosphere price is $0.410393, which is down 1% over the last 24 hours. Cronosphere's market cap is $52.11M. 24 hour SPHERE volume is $41.86. It has a market cap rank of 325 with a circulating supply of 126,967,463 and max supply of 470,763,467. Cronosphere is traded on exchanges. Cronosphere had an all-time high of $3.1629 4 months ago. Over the last day, Cronosphere has had 0% transparent volume and has been trading on 7 active markets with its highest volume trading pairs being .

Want Daily SPHERE Price Updates?

  • Delivered when you want
  • Track additional assets & more
Privacy GuaranteedSecure Submission

This site is protected by reCAPTCHA and the Google  Privacy Policy and  Terms of Service apply.

Cronosphere Statistics

Cronosphere Price (24hr)$0.410393 (-0.72%)
Market Cap$52.11M (-0.72%)
Trading Volume (24hr)$42 (-81.21%)
Transparent Vol. (24hr)
Unknown
Transparency GradeUnknown
Circulating Supply126,967,463 (26.97%)
All-Time High
$3.1629-87.02%
7D Price Prediction
$0.415295

Price

$0.410393
Price Change
-$0.002997 (-0.72%)

All-Time High

$3.1629
Date of ATH
Days Since ATH
% of ATH12.98%
Price vs ATH

Market Cap

$52.11M
Mkt Cap Change
-$380,516-$380,516 (-0.72%)
Mkt Cap Rank325
Mkt Dominance
Mkt Dominance

Circulating Supply

126,967,463
Max Supply470,763,467
% in Circulation26.97%
% in Circulation

About Cronosphere

SPHERE is a CRC-20 token that was released by Cronosphere, a facility deployed on the Cronos blockchain. The platform relies on the burn protocol created by the team of Crypto.com. Since the Cronos protocol is EVM-compatible, it operates in parallel to the crypto.com chain.

Cronosphere development

The members of the team have worked together since 2021, when they gathered to start a memecoin project together. After numerous discussions on various aspects of the future project, such as the design of tokenomics, they took the decision to select the Cronos chain and create the platform on its basis. In their opinion, the blockchain provided by Сrypto.com’s was the best option for their concept.

Although team members had wide expertise in all that concerned cryptocurrencies, they hadn’t built any reputation in the financial sector. Therefore, they have decided not to seek somebody’s favor, but build their own userbase on the principles of the community-based protocol. The focus was made on community ownership and decentralized governance, during which the community itself made important strategic decisions via voting. This helped to create a sustainable project preserving value for investors.

The team has developed a roadmap determined as “living”. It means that all cutting technologies should be employed to create a dynamic platform reflecting the best achievements of the cryptocurrency industry. The service should constantly improve its technical characteristics, and integrate the best practices to be in line with the latest achievements in the industry, thus avoiding the situation when the platform falls behind its business rivals.

Cronosphere products

To provide the platform with liquidity, in February 2022, Cronosphere released Cronovaults, which were designed to reduce pressure on the SPHERE token in a highly-volatile market. The team introduced the automatic purchase of SPHERE to help users to harvest rewards, while Vaults got profits from LP farms of popular protocols on Cronos. This enabled users of those protocols to earn on farming other tokens in SPHERE.

Vaults’ developers have made CronoVaults tax-free. It means that no tax is not deducted when users claim rewards from the Vaults. It also helps to motivate members of the community to participate in various activities on the platform and increase their engagement. CronoVaults support two LP pairs, both coming from the applications VVS.finance and CROWFI.app. The stakeholders of the supported protocol can unstake their assets and stake them again on CronoVauts. It gives them the opportunity to earn SPHERE instead of other tokens. Those who haven’t staked with those LP farms, can just supply their liquidity and stake assets on the preferred protocol and chosen LP pair on the CronoVaults. The feature was improved with time as the team came up with new iterations of the product. For instance, the v3 iteration was released on June 1, 2022. According to the statistics provided in the Medium channel of the platform, the popularity of the Vaults constantly increases, driving more liquidity to the project and strengthening it in this way.

As the platform develops, it constantly reviews new vaults to add to its list. Conosphere also plans to develop an NFT marketplace and its own NFT collection. The upcoming feature was announced in July 2022. The items of the collection under the title Sphere Space Pirates are showcased on the platform to be minted and traded on the market. The collection includes 2,000 items, which are divided into the categories of Male, Female, Robot, and Alien. The target audience for these art pieces consists of true supporters of the protocol. By acquiring these NFTs, the members of the community get a good store of value that should become more expensive with the time.

The half of funds received from the sale of NFTs is staked in the vaults of the platform to generate daily profit and to distribute it among Space Pirate owners. 15% of this amount is spent on the purchase of SPHERE to be distributed across NFT holders, while 30% is allocated for the future development and expansion of the project. The remaining 5% makes up the profit of the artist who created this hand-drawn NFT collection. The collection is also going to get revenue from the marketplace royalties. With each trade of the NFT collection, 1% of royalties goes to the collection. The ecosystem is going to launch its decentralized exchange, where Space Pirates also get trading fees. The SPHERE token

The max cap of the native asset SPHERE is 1 million tokens. The tokenomics is based on the burn scheme that creates value for tokens using deflationary policy. At this, the volume and size of transactions determine the deflationary rate. To launch this mechanism, the platform introduced 16% tax imposed on every SPHERE transaction. 8% of this amount is shared among the token holders, 3% of the tax goes out of circulation by burning. 1% is allocated for the platform’s development fund, while 4% is added to the auto liquidity pool on MM.finance. This helps to support liquidity and protect the facility in high volatility conditions.

Also, it’s worth adding that the platform didn’t premine tokens to provide financial support for the facility. The public pre-sale took place in February 2022. The proceeds collected during the presale were used for the creation of the liquidity pool.

The platform frequently announces giveaways to attract more users and reward existing members of the community. For instance, in March 2022, 2000 Sphere giveaway was announced. It was required to buy 100 SPHERE to participate. The project members are active in social media where they communicate with their followers, publish news regularly, arrange competitions, and celebrate TVL gainers weekly.

Cronosphere team and partners

The members of the Chronosphere team don’t disclose their identities. On the website, there are only their nicknames and descriptions of the work they perform within the project. As for the partners, in March 2022, Cronosphere announced the partnership with Cronaswap, an AMM DEX on Crona Chain. As a result of this cooperation, a new farm and a pool were established, where users could stake CRONA and earn SPHERE.

Read More

Cronosphere Markets

(Top 10)
Loading...

Cronosphere Historical Data

(Past 7 Days)
Loading...

Frequently Asked Questions

  • What’s the current Cronosphere price? How much is 1 Cronosphere worth?

    The price of 1 Cronosphere is $0.410393. Over the last 24 hours, a Cronosphere is worth -0.72% less. Visit our currency converter page to convert SPHERE prices to currencies other than USD.
  • When did Cronosphere start?

    The earliest trading data for Cronosphere is on February of 2022 (based on current exchange data).
  • How high can the Cronosphere price go?

    Cronosphere’s price has gone as high as $3.1629 (which is SPHERE’s all-time high). It achieved this price 4 months ago. Speculations abound for how high Cronosphere’s price will get in the future.
  • What's the smart contract address for Cronosphere?

    Cronosphere's smart contract address is 0xc9fde867a14376829ab759f4c4871f67e2d3e441.

Today's SPHERE / Cronosphere News for December 9, 2022

Loading...

Similar Assets

(By Market Cap)
Loading...