Chromia
About Chromia
The price of Chromia (CHR) is $0.18196300 today, as of Sep 09 04:17 a.m., with a 24-hour trading volume of $20.51M. Over the last 24 hours, the price has increased by 2.91%. Chromia currently has a circulating supply of 831.89M and a market cap of $151.37M.
CHR is the native coin of Chromia, a network of blockchains in the process of being created. These blockchains are based on so-called relational networks – a widely used database structure that precedes blockchain technology.
CHR’s maximum supply was 1 billion coins at launch in 2019, but in May 2020 the Chromia project burned 22 million CHR, making the total maximum circulating supply 978 million CHR.
Of that 978 million, 4% was sold in an initial exchange offering, 38.06% is reserved for an ecosystem fund, 25% will be used to promote the blockchain and 17.94% was sold in a private sale. The team, founders and the project’s advisors kept 10% and the remainder was kept by the protocol.
Over 95% of the tokens will be in circulation by 2025. Funds allocated to advisors, as well as the promotion and ecosystem funds, “will continue to be distributed in 2025 and beyond,” according to Chromia.
CHR started trading in May 2019 at 7 cents. It skyrocketed in value in 2021 to 56 cents in March of that year, and then to an all-time high of $1.50 in November 2021. In 2022 CHR collapsed, just like the rest of the crypto market. By June 2022, CHR had slumped to 23 cents.