[PRESS RELEASE – Hong Kong, HK, July 5th, 2024]
Zero-Knowledge EVM blockchain Cronos zkEVM has announced the launch of its Pioneer Program. The initiative allows early users to earn points for their activity on Cronos zkEVM and for interacting with specific dapps.
The Pioneer Program has been designed to incentivize the Cronos community and reward early supporters for their active participation in both the testnet and mainnet. Its rollout precedes the mainnet launch of Cronos zkEVM which is scheduled for Q3.
The program will unfold in stages over the coming weeks and include a variety of community and social quests. These provide an opportunity for users to earn loyalty points while familiarizing themselves with features and services available on Cronos zkEVM.
Later, users will be able to claim their points when they use ecosystem dapps, since participating dapps are expected to offer extra token yields and other benefits to point holders. These additional yields will be provided not only in CRO token but also native dapp tokens.
As a result, users will be able to earn three layers of yield on their crypto assets such as CRO: firstly, the staking yield that is provided natively by holding liquid staked assets like zkCRO; secondly, the DeFi yield generated by various DeFi protocols of the ecosystem; thirdly, the extra yield that participating dapps will offer to loyalty point holders.
Ken Timsit, from Cronos Labs, said: “The community have been waiting patiently for Cronos zkEVM mainnet to launch and the finishing line is now in sight. The Pioneer Program recognizes their invaluable efforts in helping to refine the testnet and providing feedback during the next few weeks before and after mainnet launch..”
To kick off the Pioneer program, the Cronos project is kicking off the Cronos zkEVM Passage campaign in partnership with Veno Finance. During this campaign starting on July 4, which will last until mainnet launch, users can accumulate points by locking and staking CRO into bridge contracts powered by Veno on Ethereum mainnet or Cronos EVM blockchain. The crypto assets, earned staking yield, and accumulated Pioneer points will be released upon mainnet launch.
More info about Cronos zkEVM Passage: https://zkevm.cronos.org/bridge
About Cronos
Cronos (cronos.org) is a leading blockchain ecosystem that has partnered with Crypto.com and more than 500 application developers and contributors representing an addressable user base of more than a hundred million people around the world. Cronos’ mission is to make it easy and safe for the next billion crypto users to adopt self-custody in Web3, with a focus on Decentralized Finance and Gaming.
The Cronos universe encompasses 3 chains: Cronos EVM, the leading Ethereum-compatible blockchain built on the Cosmos SDK; Cronos POS, a leading Cosmos chain for payments and NFTs; and Cronos zkEVM, a new high performance layer 2 network secured by Ethereum.
Cronos ranks among the top 15 blockchain ecosystems, encompassing more than 6 billion dollars of user assets. Since inception, it has securely settled more than 150 million transactions.
Cronos is supported by Cronos Labs, a Web3 start-up accelerator focused on DeFi, GameFi, and the development of the Cronos ecosystem.
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