Chroma - Frequently Asked Questions

Question 1

What is Chroma?

Sharpe Labs · Accepted Answer

What is Chromia? Chromia is an open source public blockchain conceived of by Swedish company Chromaway AB. The Chroma token (CHR) was launched in May of 2019. The technology behind the Chromia blockchain is adapted from an earlier technology called ‘Postchain’, a solution provided by Chromaway AB for enterprise clients. How does Chromia work? Chromia is a standalone Layer-1 blockchain and EVM compatible Layer-2 enhancement for Binance Smart Chain and Ethereum. It is designed to enhance existing dApps and allow for the creation of next-generation dApps by providing scalability, improved data handling, and customizable fee structures. The blockchain uses a unique architecture called relational blockchain, as well as a custom programming language called Rell. Rell is designed to code and function very similarly to SQL, allowing developers to leverage the security and immutability of blockchain while storing and handling data with the efficiency of a relational database. Each dApp running on Chromia operates on its own sidechain which is rooted in the main blockchain. This allows each application to scale more efficiently and gives each application developer the freedom to choose from a variety of fee structures. For example, one application may require users to pay transaction fees in CHR (similar to how Ethereum or Bitcoin work), while another application could stake enough CHR to reserve computational power and allow their users to make unlimited transactions without paying any fees at all. What applications have been built on Chromia? Chromia already has a wide variety of applications building upon their blockchain, using their chain as a decentralized storage layer, and using their Layer-2 enhancements. These applications range from DeFi options trading platform Hedget, to open world farming game My Neighbor Alice, to government land registry initiative LAC PropertyChain. One of the latest features in development is a new NFT standard called Chromia Originals, which will operate both as a native standard on Chromia’s chain as well as an enhancement layer for existing ERC-721 and BEP-721 tokens. Work on these Layer-2 enhancements are being developed in cooperation with My Neighbor Alice. Who is behind Chromia? Chromia’s core team consists of industry veterans Or Perelman, Henrik Hjelte and Alex Mizrahi. All three have deep roots in the crypto space, going back to the early days of Bitcoin and Ethereum. For example, Alex published several early academic papers on Proof of Stake consensus and was also one of the key figures behind Colored Coins, one of the first projects to develop the idea of ‘tokens’ that would later be brought to prominence by Ethereum. In summary, Chromia is a Layer-1 and Layer-2 blockchain solution under active development, with the goal of delivering enhanced features and data handling and storage capabilities to decentralized applications. Chroma operates on the Binance Smart Chain blockchain network. For more information, visit the official Chroma website at https://chromia.com/

Question 2

What is the current price of Chroma?

Sharpe Labs · Accepted Answer

The current Chroma price today is $0.0656 USD. The Chroma (CHR) price has decreased by -0.28% over the last 24 hours. The real-time Chroma price is down and updated live based on trading data from decentralized exchanges. You can track CHR price movements to make informed trading decisions.

Question 3

Where can I track Chroma price?

Sharpe Labs · Accepted Answer

You can track Chroma (CHR) price in real-time on Sharpe DEX Scan at https://sharpe.ai/dexscan/binance smart chain/chroma. Our platform provides live Chroma price updates, 24-hour price change percentages, interactive TradingView charts with technical indicators, real-time trading volume data, and CHR holder analytics. The Chroma price is updated every few seconds, ensuring you have the most accurate market data for trading decisions. Track CHR price movements across multiple timeframes, monitor trading volume trends, analyze holder distribution patterns, and view recent Chroma transactions all in one place. Sharpe AI DEX Scanner is the best platform to track Chroma price with professional-grade analytics and real-time market data.

Question 4

How many holders does Chroma have?

Sharpe Labs · Accepted Answer

Chroma currently has 6,605 token holders on the Binance Smart Chain blockchain network. The Chroma holder count represents unique wallet addresses that actively hold CHR tokens. The number of Chroma (CHR) holders is regularly updated and reflects the size and growth of the Chroma community. More holders typically indicate stronger adoption and community support for Chroma. Join the Chroma community: Twitter: https://twitter.com/chromia, Telegram: https://telegram.me/hellochromia, Discord: https://www.facebook.com/teamchromia

Question 5

What is the circulating supply of Chroma?

Sharpe Labs · Accepted Answer

The Chroma circulating supply is currently 848,681,914 CHR tokens. The total Chroma supply is 175,799,629 CHR tokens. As of now, 482.8% of the total CHR supply is in active circulation, meaning most of the total supply is available for trading. Chroma (CHR) token supply metrics are essential for calculating market capitalization, understanding token distribution, and evaluating scarcity. The circulating supply of Chroma directly impacts the token's market value and price dynamics.

Question 6

How to buy Chroma?

Sharpe Labs · Accepted Answer

To buy Chroma (CHR) on Sharpe AI DEX Scanner, click the Buy button located at the top of the Chroma page. This will open a trading interface where you can connect your cryptocurrency wallet (such as MetaMask, Trust Wallet, or Phantom for Solana). Once connected, the interface will show you the current Chroma price and allow you to enter the amount of CHR you want to purchase. The Buy button connects directly to decentralized exchanges, making it easy to swap your tokens for Chroma. Always verify you have sufficient balance in your wallet and review the transaction details including gas fees before confirming your purchase. Track CHR price movements on Sharpe AI DEX Scanner to find the optimal entry point for buying Chroma.

Question 7

How to sell Chroma?

Sharpe Labs · Accepted Answer

To sell Chroma (CHR) on Sharpe AI DEX Scanner, click the Sell button located at the top of the Chroma page, next to the Buy button. This will open a trading interface where you need to connect your cryptocurrency wallet that contains your CHR tokens. Once your wallet is connected, the interface will display your current Chroma balance and allow you to enter the amount of CHR you want to sell. The Sell button connects directly to decentralized exchanges, enabling you to swap your Chroma for other tokens like USDT or USDC. Review the current Chroma price, check the transaction details including slippage tolerance and gas fees, and confirm the transaction in your wallet. Use Sharpe AI DEX Scanner's real-time price charts and trading volume data to determine the optimal time to sell CHR for maximum returns.

Question 8

Is Chroma a good investment?

Sharpe Labs · Accepted Answer

Whether Chroma (CHR) is a good investment depends on multiple factors including your risk tolerance, investment goals, market conditions, and thorough research. Chroma currently has 6,605 holders, which indicates the level of community adoption. Before investing in Chroma, consider: 1) Research the project's fundamentals, team credentials, and roadmap. 2) Analyze CHR tokenomics, including total supply, circulating supply, and token distribution. 3) Review the Chroma whitepaper and use case to understand the project's value proposition. 4) Monitor CHR price trends, trading volume, and market sentiment on Sharpe AI DEX Scanner. 5) Check Binance Smart Chain blockchain explorer for contract verification and transaction history. 6) Assess Chroma community engagement and social media presence. Cryptocurrency investments carry significant risk due to market volatility. Chroma price can fluctuate dramatically in short periods. Never invest more than you can afford to lose, diversify your portfolio across multiple assets, and consider consulting with a financial advisor. Use Sharpe AI's real-time analytics to track Chroma performance metrics, holder distribution, and trading patterns before making investment decisions.

Question 9

How can I view Chroma transactions?

Sharpe Labs · Accepted Answer

You can view Chroma (CHR) transactions in real-time on Sharpe AI DEX Scanner. The Transactions tab displays all recent Chroma buy and sell orders, swap transactions, mint and burn events with detailed information including transaction hash, wallet address, transaction type (buy/sell), token amount, USD value, and timestamp. Each CHR transaction shows the exact price at which the trade occurred, allowing you to analyze Chroma trading patterns and market activity. You can filter Chroma transactions by type (Buy, Sell, Mint, Burn), set price range filters, and search for specific wallet addresses to track whale movements. Click on any CHR transaction to view complete details on the blockchain explorer. Monitor Chroma transactions to identify trading trends, spot large buyers and sellers, and understand market sentiment for CHR token.

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