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Cronos ID is a decentralised identity and communication layer built on Cronos. On a broad level, Cronos ID will give users the ability to send and receive information onchain, powered by human-readable identifiers. To achieve this, Cronos ID is powered by 3 key subprotocols:
Starting with the Domains, every user will have a unique onchain identity, allowing you to find friends and exchange crypto with ease The Notifications service will help the community keep track of key protocol events, alerts, NFT bids and more - gone are the days of manually checking your DApps for bids or collateral factors. Finally, by leveraging Messaging, users and projects will be able to connect and communicate with each other in a safe and verifiable environment.CROID is Cronos ID’s native and governance token to be utilised in Cronos ID’s broader ecosystem. Within Cronos ID Domains, users will be able to utilise $CROID tokens to purchase 3 and 4 character names at a discounted price. If you are a Cronos ID domain holder, you can deposit $CROID into the staking vaults to earn additional $CROID rewards.
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