Chromatic Protocol Roadmap and Reward Programs

Chromatic Protocol

Greetings
Hello, Chomers! Happy holidays and here’s to wishing you a wonderful new year ahead. As we gear up for the 2024 new year , let’s embark together on Chromatic’s Journey, set to take off in full swing.

Before the new year comes, we would like to look back on the short yet significant Chromatic’s Journey in 2023, starting from the November testnet launch, and outline the plans for 2024 through this article.

Retrospections of 2023
A lot has happened in the past few weeks. We marked the birth of the Chromatic Protocol on November 16, 2023, launching the protocol on the Arbitrum testnet.

With the launch of our Discord and Twitter channels, enthusiasts and early supporters of Chromatic Protocol have come together to form a vibrant community right from the outset.

Season 1 of the airdrop program kicked off, inviting our community to complete quests through Zealy, earn Credits that will later grant access to the random boxes which have airdrop tokens in it.

As of 28th Dec 2023, during the first month following the testnet launch, we saw achievements of 8,325,097.75 cETH and 324,318.34 cBTC in trading volume, with fees amounting to 185,440.35 cETH and 2,366.09 cBTC. Also there were 55,273 transactions occurred, and a total of 805 accounts were created. We extend our deepest gratitude to the early community supporting the early journey of Chromatic Protocol.

Roadmap Ahead
Over the next few months, the Chromatic team will focus on successfully launching the mainnet and expanding the ecosystem of the Chromatic Protocol. Here’s a brief overview of our upcoming plans.


2023 December
(✅ Completed) 27 Dec: The Chromatic Protocol’s testnet app is migrated to the Arbitrum Sepolia network.

(✅Completed) 27 Dec: Referral Program UX Preview Launch

(✅Completed) 27 Dec: Referral Program Special Tier early bird registration open. (Registration period: Until 24th Jan)

2024 January
▶ 24 Jan: Deadline to apply for the Special Tier of Referral Program.

2024 February
▶ 1 Feb: Chromatic Protocol launch on the Arbitrum Mainnet!

▶ 1 Feb: Trade Reward Program launch

▶ 1 Feb: Referral Program Launch

▶ 8 Feb: LP Reward Program launch

▶ Mid-Feb: Audit completion. Currently, Chromatic Protocol is undergoing an audit with Halborn to ensure more secure trading environments.

2024 H1
▶ $CHRMA token launch and DEX listing

In the first half of 2024, $CHRMA Token is scheduled to be launched, with its listing on the Decentralized Exchange (DEX). This milestone marks a significant step in our journey toward establishing a Chromatic Protocol’s DAO ecosystem.
Reward Programs
May the $CHRMA be with you!

Chromatic Protocol introduces three official reward programs alongside its Arbitrum mainnet launch. Engage actively in trading, invite fellow traders, provide liquidity to the pools, and earn rewards for your contributions to the protocol!


A. Trade Reward(T2E) Program
Trade Reward Program is the most essential part of the Chromatic Protocol, to foster a vibrant and active trading environment. It rewards participants for their engagements, establishing a positive feedback loop that is expected to increase trading volumes on the Chromatic Protocol.

Traders will receive airdrop points as a reward for actively trading on the Chromatic Protocol. These points can then be converted into $CHRMA tokens after the token launch (TGE) on a DEX, at a 1:1 ratio. This means for every airdrop point earned, traders will be eligible to receive an equivalent amount of $CHRMA tokens.

Trade Reward Program Season 1 Schedule

Trade Reward Program Season 1 will be ongoing until 31 March 2024. (The schedule may be changed with prior notice)

Trade Reward Program Season 1 is on a daily basis. Rewards aggregation and settlement are conducted every day at UTC 00:00.

Token Allocation

The allocated rewards for Season 1 per month are as follows, totaling 2,800,000 CHRMA tokens, which constitutes 2.8% of the total token supply:

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