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GRONA Utility
If you hold GRONA in your wallet, you will passively farm rewards in the form of reflect fees proportional to the amount of GRONA held when other users transfer or stake CRONA.
GRONA serves as the core governance token of CronaSwap. The ability of users to vote on CronaSwap governance proposals is determined by the amount of GRONA held in a user's wallet at the time of a particular snapshot.
NOTE: this does not include any GRONA staked in GRONA Staking Pools at the time of the snapshot, so be sure to unstake your GRONA prior to a snapshot if you want to participate in governance voting!
CronaSwap offers dozens of special GRONA Staking Pools that allow users to stake GRONA to earn partner tokens at competitive APRs. These pools require users to stake GRONA instead of CRONA - we even offer a perpetual "Stake GRONA, Earn CRONA" pool that allows users to earn CRONA by staking GRONA.
NOTE: GRONA staked in Staking Pools at the time of a voting snapshot is not counted towards a user's GRONA holdings for the purposes of governance.
GRONA holders gain access to exclusive token allocations for Initial FARM Offerings. All GRONA raised from the GRONA portion of an IFO is converted to CRONA and then burned, benefitting the CronaSwap ecosystem as a whole. Thanks to their exclusivity, GRONA IFO allocations also tend to be less oversubscribed than CRO allocations, offering GRONA holders a more competitive token allocation in the event of an oversubscribed IFO.
Last modified 1yr ago