CryptoDrop (CDROP) is a gaming platform seeking to offer users an experience of minimal risk with high rewards. The deployment of the game is on the Binance Smart Chain Network (BSC). (BSC) is a blockchain network built to run smart contract-based applications. As per the whitepaper, CryptoDrop seeks to ensure users receive payouts daily, thus aiming to offer an experience of playing a fair game and having a share in a cryptocurrency casino.
CryptoDrop has a gaming staking mechanism where users seek to utilize the native token (CDROP) to receive passive income. CDROP token is a BEP-20 token, a Binance token standard allowing users to deploy fungible tokens or cryptocurrencies on BSC.
According to the whitepaper, there is a problem with DeFi. Using staking and farming traditionally to incentivize holders causes large dumps because users farm for the native token. The market trades at any price, which causes unnecessary negative volatility in the token value, thus hindering the project's development. CryptoDrop aims to ensure CDROP token value as the project's representation, seeking to make every available CDROP valuable. Therefore, users stake their CDROP tokens to aim to receive a payout in Binance coin (BNB). In addition, the platform deducts 20% of the daily drop to run operations, ensuring no trading pressure on the native token.
CryptoDrop's game uses blockchain technology at its core, aiming to achieve decentralized random gamification on-chain. The game provides true randomness as users bet; the numbers are impossible to predict, as per the whitepaper. At the same time as being a player and betting, users also are stakers, seeking to enable them to have passive income paid out daily in BNB. The amount of CDROP staked by a user links with BNB received from the staking pool. The more CDROP users hold, the more passive income they expect, paid out in BNB daily.
CryptoDrop seeks to offer a passive income solution for users and expects the solution to be the primary use case to attract users to join the platform.
History of CryptoDrop
The platform and the token were launched in Q4 2021, while in Q1 2022, the platform aims to expand the cross-chain. Cross-chain is a technology that improves the interconnection between blockchain networks by permitting the exchange of information and value. Furthermore, by Q2 2022, the platform aims to implement strategies to reward CDROP holders and implement more utility of CDROP by Q3 2022.
