QRONISWAP
  • Technical Whitepaper
    • Overview
    • Table of Content
    • Introduction
    • Problem Statement
    • Project Overview
    • Qroniswap Ecosystem
      • Qroni Token (QNI)
      • Multi-chain DEX
      • Qroni Smart Tickets
      • Qroni Lottery
      • Fiat On-Ramp
      • Crypto and NFT Staking
      • DAO Governance
    • Qroniswap Partnerships
      • Binance Smart Chain (BSC)
      • Rubic Swap DEX
      • Onramper
    • Why Binance Smart Chain (BSC)?
      • High throughput and finality rate
      • Flexibility
      • Top-notch security
      • Low-cost transactions
    • Qroniswap Tokenomics
    • Roadmap
    • Frequently Asked Questions (FAQs)
    • Legal Disclaimer
      • Product Use & Due Diligence
      • Jurisdictional Use and Tax Reporting
Powered by GitBook
On this page
  1. Technical Whitepaper

Problem Statement

PreviousIntroductionNextProject Overview

Last updated 2 years ago

With an estimated 4.8 million users/addresses and more than 43 billion worth of as of August 2022, DeFi is one of the fastest growing industries worldwide with Ethereum leading the way among smart contract distributors, despite the 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.

Source: Defipulse

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.

assets locked (TVL)
scalability trilemma