What Is CropperFinance (CRP)?
CropperFinance is an Automated Market Maker (AMM) built on the Solana blockchain. As per its litepaper, CropperFinance aims to become a platform where projects on the Solana network can launch liquidity pools for their users.
The developers of CropperFinance believe that the Solana blockchain is growing and evolving. However, it is still difficult for new projects to set up liquidity pools on the network that operates on incentives. CropperFinance aims to be a flexible AMM to fill the gap for new projects contributing to network growth.
CropperFinance strives to be a platform where new projects can avail permissionless liquidity for their tokens. The platform wishes to enable projects to launch incentivized liquidity pools that would help users to avail solutions for their issues within the ecosystem.
CropperFinance proposes to employ a Proof of History mechanism. The PoH strategy enables quick transactions while mitigating high costs. The platform relies on (https://www.coinbase.com/learn/crypto-basics/what-is-a-dex#:~:text=A%20decentralized%20exchange%20(or%20DEX,occur%20directly%20between%20crypto%20traders.&text=A%20decentralized%20exchange%20(better%20known,occur%20directly%20between%20crypto%20traders.) to provide information to the users. The information related to the available bids helps to understand the demand at specific price levels.
CropperFinance believes that incentivized liquidity pools should be included by projects frequently. When a liquidity pool is created by a project, the project can go on to launch its own liquidity pool. The token holders of the project can contribute and access these liquidity pools subsequently. The token holders can opt for the type of liquidity pool they want to partake in.
$CRP is the native token to be used on the CropperFinance platform. It can be understood as representing attributed utility that is also transferable. The intention behind introducing $CRP is to provide users of the platform with an agreed-upon method of settlements. The token also entails economic incentives that encourage users to contribute to the ecosystem.
$CRP is to provide an incentive for the users who stake their digital assets and contribute to the liquidity pool on the CropperFinance. The liquidity providers can avail the $CRP token in proportion to their staking volume and their adoption of the CropperFinance services.
History of CropperFinance ($CRP)
The litepaper of CropperFinance was released in July 2021. The platform is headed by CEO Quentin, Chief Product officer Arthur, Chief Financial Officer Victor, and Chief Technical Officer Fabrice.
