Kronos DAO is developing an advanced Crypto incubator to cultivate and invest in a variety of protocols. Decentralization is one of the key elements within the cryptocurrency ecosystem. Decentralized finance, especially, has taken an integral part of the development, pushing its limit drastically with the help of the community and blockchain technology.
The protocol Kronos DAO follows in the bonding/staking mechanism that Olympus DAO first introduced. This first-of-a-kind DAO will develop and nurture projects in-house, KRONOS token will drive an incubation strategy, helping other early-stage projects with growth, marketing, and investment.
Kronos DAO aims to utilize a small portion of this treasury to fund the innovative development of new protocols having investment exposure to them in their earliest stages with only allocating 15% of the treasury, so even if some projects are unsuccessful, 85% of the treasury is intact, providing a floor value for our token KRONOS. The DAO committee will govern the use of the treasury set aside for new projects, deciding which types of projects to invest in as well as allocated amounts.