Cronos Ecosystem Spotlight: Kaching

Read on to find out more about Kaching, their team, and their growth journey on Cronos!

In Q2 2022, we kicked off the Cronos Ecosystem Spotlight Series — a series of interview articles covering projects that are building on the Cronos Chain.

Today, we are excited to feature Kaching, a fully on-chain prize-linked protocol that brings a whole new level of excitement to #CROfam’s CRO holdings.

Let’s dive right in!

Can you share more about Kaching and the team behind the project?

Kaching is a protocol that was created with the belief that excitement does not necessarily have to come with risk. We aim to bring an element of excitement to staking, by giving users a chance to win disproportionately large rewards without risking their principal in any way.  

While our team is lean, we make up for it with boatloads of motivation. We hail from many countries across the globe, and from different previous experiences as well. We believe that this has given us an advantage in creating a seamless and sleek-looking protocol with a fantastic user experience.

Our ultimate goal is to spread the very best of web3 far and wide, aiming to make the biggest positive impact by reaching the most people.

Why should users deposit their $CRO with Kaching? 

Kaching allows users to make use of their unused $CRO. At any point in time, this CRO is merely one transaction away from being transferred back to the user’s wallet.

But where Kaching gets its name is the prizes that are on offer. Depositors stand the chance to win big rewards, regardless of how much principal is deposited. 

Kaching recently launched on Cronos, how has the initial traction been?

The initial traction has been much better than we expected.

Our TVL has been increasing very steadily week-over-week. Our community has also grown and become more tight-knit too!

We have also had some dedicated members of #KachingGang and #crofam create some rap songs with downright outrageous quality that have blown all of us away. 

What are the interesting upcoming roadmap items and features that the #CROfam can look forward to on Kaching?

Despite launching in August and still being in a beta version, we are always on the lookout for more yield strategies. The goal is to create a suite of strategies that users can pick and choose from. We will also be building out a portfolio management system. Together, users can manage their portfolio of CRO deposits and adjust as they see fit. 

Another interesting feature we are exploring is giving users the ability to group their CRO deposits and win as a collective unit. In theory, this should make the probability of winning prizes higher.

Why did you choose Cronos as the chain to launch on?

Cronos has immense potential for growth and mainstream adoption thanks to its strategic partnership with Crypto.com. With Crypto.com’s immense user base, Cronos is in a prime position to capitalize on this onboarding pipeline to its DApps and DeFi ecosystem. Furthermore, with interoperability being a core part of the Cronos chain, many doors are opened due to increased liquidity, flexibility for builders, and more. 

All this culminates in Cronos being uniquely equipped to drive the next generation of DeFi and crypto adoption among the masses. We are glad to be part of this movement and look forward to the new heights we will reach together.

Where can the #Crofam learn more about your project and get started with Kaching?

To get started with Kaching, #Crofam should visit us at https://kaching.win/.

Our draws occur every Tuesday, so get your CRO in before Tuesday each week! ‘

Check out our documentation here: https://docs.kaching.win/

For updates and great vibes, there are no better places than our Twitter and Discord.