Chromia Price (CHR) 0.11 EUR -2.24 %
CHR is the native utility token of Chromia, a first and second layer (layer1 and layer2) blockchain platform built for creating decentralized real-world applications. The CHR token was developed to power the Chromia platform and is used for paying network fees, staking and more.
Chromia functions as both a blockchain and a rational database, where developers can build a wide range of applications, ranging from DeFi protocols, to video games, NFT, Metaversos, among others. Some of the most well-known real-world applications built on top of Chromia are: LAC PropertyChain, created for efficient land management in Latin America and the Caribbean under the support of the Inter-American Development Bank and Lingon, a digital identity solution that allows the issuance and management of blockchain-based digital certificates.