$sCRSS Token

What is $sCRSS?

Crosswise Finance is moving towards decentralization. As part of this effort we hope to enfranchise our community of users, and ultimately share our growth with the people that contribute to it. Our sCRSS Stakeholder token is designed to incentivise longer-term holding by distributing a significant share of platform fees to holders. The other major aspect is governance rights. This release sets the building blocks for the Crosswise DAO, and sCRSS is the governance token. Holders will be entitled to take part in DAO voting, contributing their voice to important decisions affecting our ecosystem. From fee changes to contract migration, our vision is one where the community eventually has major input in steering the overall direction of the project.

Tokenomics

sCRSS does not have its own supply, but instead is a placeholder for CRSS that has been added to the CRSS Vault. As such it is capped by the max supply of CRSS, and there is no theoretical value dilution with the introduction of this token. When users convert CRSS to sCRSS, it decreases the circulating supply of CRSS and vice versa. The share of platform fees that are collected and allocated to the CRSS Vault are all automatically converted to CRSS providing significant price support. For a limited time we will also supplement the CRSS Vault APY by allocating a portion of CRSS token emission to the vault.

sCRSS Token

Name Crosswise Stakeholder Token (BNB)

Ticker sCRSS

Network BNB Chain (BNB)

Decimals 18

Standard BEP20

Token Contract

TBA

sCRSS Token Supply

Max Supply

The sCRSS supply is capped by the CRSS Max Supply of 50 Million

CRSS Vault

Users can convert CRSS to sCRSS in the CRSS Vault. The CRSS Vault receives a share of almost all Crosswise platform fees for a given network. When users convert their CRSS, they receive sCRSS which entitles them to a share of that pool in addition to voting rights required for governance. Your sCRSS is continuously accumulating rewards. When you redeem your CRSS, you receive your original deposit, in addition to your share of the platform fees accumulated in the meantime.