Chromatic Protocol: A Deep Dive into the Roadmap and Reward Programs
Chromatic Protocol is a decentralized perpetual futures protocol that provides permissionless, trustless, and unopinionated building blocks. It enables participants in the DeFi ecosystem to create balanced two-sided markets exposed to oracle price feeds and trade futures using various strategies (4, 7). This article will explore the roadmap and reward programs of Chromatic Protocol, providing a comprehensive understanding of its future plans and how users can benefit from participating in its ecosystem.
Chromatic Protocol Roadmap
The roadmap for the Chromatic Protocol outlines several key milestones and events for the project.
In December 2023, the Chromatic Protocol's testnet app was migrated to the Arbitrum Sepolia network. On the same day, the Referral Program UX Preview was launched, and the Special Tier early bird registration for the Referral Program was opened, with the registration period lasting until 24th January 2024.In February 2024, several significant events are scheduled. On 1st February, the Chromatic Protocol is set to launch on the Arbitrum Mainnet. The Trade Reward Program and the Referral Program are also slated to launch on the same day. A week later, on 8th February, the LP Reward Program is expected to launch. By mid-February, the audit of the Chromatic Protocol, currently being conducted by Halborn, is expected to be completed, which will help ensure a more secure trading environment.In the first half of 2024, the $CHRMA Token is scheduled to be launched and listed on the Decentralized Exchange (DEX). This marks a significant step in the journey toward establishing a Chromatic Protocol’s DAO ecosystem.
Chromatic Protocol Reward Program
Chromatic Protocol has introduced several reward programs to incentivize user participation and engagement. These programs include the Airdrop Program, the Referral Program, and the Zealy Quest Board.
Airdrop Program
The Airdrop Program is a unique initiative that rewards community participants based on their activities and contributions during the Testnet period and the initial phase of the Mainnet (14). Participants can earn Credits and Boosters, which can be used to open the Random Box and obtain rCHRMA, a reward token that has the same value as CHRMA but cannot be exchanged for other tokens (14).
Boosters, on the other hand, can be obtained by attending Chromatic's Airdrop page six days in a row, participating in special programs announced on Chromatic's Discord channel, and trading on the Chromatic Protocol mainnet during Airdrop Season 1 (2). Using a Booster doubles the winning probability of the Random Box (14).
Referral Program
The Referral Program is designed to expand the Chromatic Protocol ecosystem by rewarding referrers based on their performance in acquiring traders (8). Referrers can earn rewards by sharing their unique referral link with friends and communities. The program operates through a tier system, where higher rewards are guaranteed for active and successful participants. Both the referrer and the users brought to Chromatic Protocol through the Referral Program will be rewarded (8).
Zealy Quest Board
The Zealy Quest Board is another way for users to earn rewards. Users can perform various quests presented on Chromatic Protocol's Zealy quest board to earn XP, which can be converted to Credits on the Airdrop page (2).
Chromatic Protocol is making significant strides in the DeFi space with its innovative approach to decentralized perpetual futures. Its roadmap and reward programs demonstrate a commitment to community engagement and ecosystem growth. By participating in these programs, users can contribute to the protocol's development and earn valuable rewards in the process.
As I conclude my deep dive into the Chromatic Protocol, its roadmap, and reward programs, I'd love to hear your thoughts. What aspects of the Chromatic Protocol excite you the most? How do you plan to engage with their reward programs? Share your thoughts and experiences in the comments below.
