CronosNode is an unique solution to the problems with previous DeFi-as-a-Service (DaaS) protocol developments. The CronosNode Project has developed the concept of DaaS further than was initially considered possible thanks to their knowledgeable staff. They are prepared to disrupt the DeFi landscape with their specially designed smart contracts, many cross chain use cases, and new home on the Cronos Network leveraging its low gas prices as well as exponential development potential.

Cronos Nodes was introduced amid this turbulent and chaotic market, but it has persevered and achieved strong stability. They are successing! They are now starting the utility NFT line rollout. One of the utility NFT product line is the Nodey The Whale. In today’s article, we will dive in the collection and giving an explanation on its usages as well as its benefits to Cronos users.

Mint a Nodey the Whale for a chance to win 25,000 CRO.The collection of Nodey the Whale Utility NFTs is designed by Cronos developers to provide a Wallet Level buff that reduces the claim tax based on the highest grade NFT. Wallets holding Ultra-Rare NFT’s receive the best buff and the NFT will work for any Node Navy project where Cronos Node NFT’s reside in the same wallet.

The Nodey the Whale NFTs are going to be used as an extra utility layer for the CronosNode NFTaaS project.

When a Cronos users buys a node or claim a compounded node, all Nodey the Whale Utility NFTs have a 0.01 percent chance of giving them a BONUS node. (If their wallet is already at the 100-node maximum, they won’t be able to roll a bonus node.)

After 2000 bonus nodes, the pool size designated for bonus nodes is maxed and this function is no longer available.

There are no Treasure Trove NFTs assigned to the collection’s Ultra-Rare section.

You will still receive the Rare, Un-Common, or Common Utility NFT that you choose at the mint even if you were chosen at random to receive a Treasure Trove NFT.

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About Nodey The Whale Utility NFTs

Owning different attributes, each Nodey the Whale Utility NFT could bring in different benefits to those who mint it. Particularly, all Utility NFTs will give a % discount on claiming your node rewards. If you have multiple Utility NFTs in your wallet, the contract will select the highest rarity when you claim your rewards.

Additionally, with the development of CroSwap on the horizon, the introduction of Nodey the Whale NFTs will allow for discounts on CroSwap Utility NFTs as well. Check the table below to know in details:

For your information, CroSwap is a unique Automated Market Maker (AMM)-based decentralized exchange (DEX) created to operate without a hitch on the rapidly expanding Cronos Network.

CroSwap provides low Trading Fees. The CroSwap developer team has already set about trying to entice prospective users by highlighting their low trading fees.

CroSwap works hard to give its users the best possible trading environment. Currently, they offer one of the lowest trading costs on the Cronos Network at 0.2 percent.

CroSwap users may transfer assets with CroSwap without utilizing centralized exchanges. Every transaction they make on CroSwap goes via their decentralized wallet first. Instead of depending on a Centralized Exchange to protect their funds, their assets stay in their ownership.

Interestingly, all users can participate in CroSwap high-yield Farms and Staking Pools to earn CROS. And by participating in CroSwap high-yield auto-compounding Harbors program, users can earn HBR. Earning is made easier with Cronos Chain.

When users stake their tokens in liquidity pools, even if they don’t participate in our CroSwap Farms, Staking Pools, or Harbors, they may still make trading commissions.