Cronos (CRO) Unveils ZkEVM Bridge Initiative

Cronos (CRO) Unveils zkEVM Bridge Initiative

Blockchain platform Cronos (CRO) has announced the launch of its new zkEVM Bridge campaign, offering users the opportunity to earn points by bridging CRO tokens from Ethereum and Cronos EVM. This initiative is part of the Cronos zkEVM Pioneer Program, which aims to encourage participation and reward early adopters, according to the official announcement.

The zkEVM Journey

The Cronos zkEVM project and its associated decentralized applications (dApps) have initiated the Cronos zkEVM Passage campaign. This campaign marks the final stage before the mainnet launch, where users can bridge their assets to Cronos zkEVM and earn loyalty points as rewards. Veno Finance will facilitate the bridge services.

Users who bring CRO from Ethereum or lock up or stake CRO/LCRO on the Cronos EVM can accumulate points through the Cronos zkEVM Bridge, making them eligible for the Cronos zkEVM Pioneer Program. Additionally, these points can be claimed for extra rewards in participating dApps.

Campaign Details

Duration: From July 4 until the zkEVM mainnet launch.

Eligible Tokens: CRO (from Ethereum/Cronos EVM) and LCRO (from Cronos EVM).

To participate, users need to visit the Cronos zkEVM Bridge page and lock up or stake their assets. The CRO/LCRO tokens will be converted to zkCRO and locked in a multi-signature contract until the mainnet launch, expected in Q3 2024. Upon launch, zkCRO will be available for use on the Cronos zkEVM network.

Early participants will enjoy several benefits:

  1. Receive zkCRO ready for mainnet use.
  2. Accumulate early support points in the Cronos zkEVM Pioneer Program.
  3. Earn staking rewards on their CRO, with more zkCRO available for earlier participants.

Eligibility for Participation

Anyone holding CRO on the Ethereum mainnet or Cronos EVM can join the campaign. Those with CRO on exchanges can withdraw to the Ethereum mainnet (ERC20) to participate. The campaign encourages users to spread the word and invite friends to join this journey.

Point Accumulation

A few weeks after the campaign's start, the Cronos zkEVM Pioneer Program web page will go live. Users can connect their wallets to monitor their accumulated points.

Join the New Cronos Adventure

As the launch of Cronos zkEVM approaches, users are invited to participate in this adventure and earn more rewards. The odyssey begins now!

Image source: Shutterstock
RECENT NEWS

Ether Surges 16% Amid Speculation Of US ETF Approval

New York, USA – Ether, the second-largest cryptocurrency by market capitalization, experienced a significant surge of ... Read more

BlackRock And The Institutional Embrace Of Bitcoin

BlackRock’s strategic shift towards becoming the world’s largest Bitcoin fund marks a pivotal moment in the financia... Read more

Robinhood Faces Regulatory Scrutiny: SEC Threatens Lawsuit Over Crypto Business

Robinhood, the prominent retail brokerage platform, finds itself in the regulatory spotlight as the Securities and Excha... Read more

Surprise Crypto Surge May Come This Week – Here Are The Top Coins To Keep An Eye On

This week’s crypto market shift has investors buzzing—find out which digital currencies could be poised for a breako... Read more

CFTC Wins $36m Victory In California Crypto Fraud Case

New York resident William Koo Ichioka agreed to pay $36 million in a CFTC case alleging cryptocurrency and forex fraud. ... Read more

Experts Predict 5000% Gains For This Solana Memecoin Set To Rival Dogecoins 2021 Surge

Discover a new memecoin on Solana, inspired by Dogecoin, with analysts predicting gains of up to 5,000%. #partnercontent Read more