Problem Statement
With an estimated 4.8 million users/addresses and more than 43 billion worth of assets locked (TVL) as of August 2022, DeFi is one of the fastest growing industries worldwide with Ethereum leading the way among smart contract distributors, despite the scalability trilemma it faces which has also contributed to its massive dip [>55%] since hitting $100 billion in TVL in November 2021. For this reason, we have “Ethereum killers” like Binance Smart Chain (BSC), Avalanche, Cardano, and Solana, among others.
Another problem DeFi has is the illiquidity of assets. As a reminder, liquidity is the ease of converting a cryptocurrency to fiat. Not many DeFi protocols boast of deep liquidity, and so it becomes difficult for investors or users to easily interconvert between digital assets and fiat.
Qroniswap is bent on providing a seamless avenue for crypto enthusiasts to get fast and low-cost liquidity. Through its partnership with one of the leading Ethereum killers — Binance Smart Chain (BSC) — Qroniswap, powered by the Qroni Token (QNI), will provide a robust ecosystem for easy liquidity provision which includes, digital and smart NFT ticketing for event planners and companies; liquidity mining and crypto and NFT staking, among many other things, which will be unveiled as the ecosystem expands.
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