HOW IT WORKS WHY KROMatika Hidden gem: Within the DAPP, the user can choose a lower target gas price for the automatik processing of their trades, even further lowering the service fee, sacrificing some processing speed for lower service fees.
KROMATIKA — next generation DEX Trading, powered by Uniswap and Chainlink
KROMatika consists of:
- Audited smart contracts for creating trades and processing them, all powered by Uniswap.
- UI for interacting with KROMatika smart contracts .
- Off-chain decentralized processing services, responsible for active processing of the trades, powered by Chainlink Keepers.
- KROM token — utility ERC20 token used for paying the service fee. This fee is paid by the users and is used to cover the cost of the processing services (Chainlink Keepers).
- When doing swaps on Uniswap V3, the user pays what is called a swap fee that is: 0.05%, 0.3% or 1%. When placing trades on KROMatika, the user does not pay swap fee, but pays service fee instead.
- The swap fee depends on the amount being swapped, whereas the service fee is FIXED.
- The actual service fee is paid in ETH, since this is the real cost of the processing services (gas fee), however the users always pay with KROM tokens.
- KROM token allows for huge savings on the service fee, close to having a ZERO service fees.
- Early KROM token holders would have HUGE savings on service fees, because they would be buying the token cheap and pay the service fee (which is fixed ETH) when its token price has increased.
WEB Site:
app.kromatika.finance
