Greetings

Here the airdrop link: Chromatic Airdrop

Hello, Chomers! Happy holidays and here’s to wishing you a wonderful new year ahead. As we gear up for the 2024 new year , let’s embark together on Chromatic’s Journey, set to take off in full swing.
Before the new year comes, we would like to look back on the short yet significant Chromatic’s Journey in 2023, starting from the November testnet launch, and outline the plans for 2024 through this article.

Retrospections of 2023

In the recent weeks, significant developments have unfolded within our ecosystem. The inception of the Chromatic Protocol, which took place on November 16, 2023, was a momentous occasion marked by the protocol's deployment on the Arbitrum testnet.
The establishment of our Discord and Twitter channels has fostered a sense of camaraderie among enthusiasts and early advocates of the Chromatic Protocol, resulting in the formation of a dynamic community right from its inception.
The commencement of Season 1 for the airdrop program has invited our community to engage in quests through Zealy, earning Credits that will subsequently provide access to random boxes containing airdropped tokens.
As of December 28, 2023, marking the conclusion of the first month since the testnet launch, we are thrilled to report notable achievements. The trading volume reached an impressive 8,325,097.75 cETH and 324,318.34 cBTC, accompanied by fees totaling 185,440.35 cETH and 2,366.09 cBTC. Additionally, a total of 55,273 transactions occurred, leading to the creation of 805 new accounts. We express our heartfelt gratitude to the early community whose unwavering support has been instrumental in shaping the initial journey of Chromatic Protocol.

Roadmap Ahead

In the coming months, the Chromatic team will direct its efforts towards the successful launch of the mainnet and the augmentation of the Chromatic Protocol's ecosystem. Here is a concise glimpse into our forthcoming plans.

2023 December

(✅ Completed) 27 Dec: The Chromatic Protocol’s testnet app is migrated to the Arbitrum Sepolia network.
(✅Completed) 27 Dec: Referral Program UX Preview Launch
(✅Completed) 27 Dec: Referral Program Special Tier early bird registration open. (Registration period: Until 24th Jan)

2024 January

▶ 24 Jan: Deadline to apply for the Special Tier of Referral Program.
▶ 24 Jan: Liquidity Boost Round #0 Pre-registration 1. (Until 30 Jan 23:59 UTC)
▶ 31 Jan: Liquidity Boost Round#0 Pre-registration 2. (Until 6 Feb 23:59 UTC)

2024 February

▶ 7 Feb: Liquidity Boost Round#0 Pre-registration 3. (Until 13 Feb 23:59 UTC)
▶ Mid-Feb: Audit completion. Currently, Chromatic Protocol is undergoing an audit with Halborn to ensure more secure trading environments.
▶ 21 Feb: Chromatic Protocol launch on the Arbitrum Mainnet!

• You can create your referral link and share, or register other’s link as your referrer before the reward program starts in 28 Feb.

▶ 21 Feb: Liquidity Boost Round#0 launch.
▶ 28 Feb: Trade Reward & Referral Program launch.

2024 H1

▶ $CHRMA token launch and DEX listing

• In the first half of 2024, $CHRMA Token is scheduled to be launched, with its listing on the Decentralized Exchange (DEX). This milestone marks a significant step in our journey toward establishing a Chromatic Protocol’s DAO ecosystem.

Reward Programs

May the power of $CHRMA accompany you!
With the launch of the Arbitrum mainnet, Chromatic Protocol unveils three official reward programs. Participate actively in trading, invite fellow traders, contribute liquidity to the pools, and reap rewards for your valuable contributions to the protocol!

A. Trade Reward(T2E) Program

Trade Reward Program is the most essential part of the Chromatic Protocol, to foster a vibrant and active trading environment. It rewards participants for their engagements, establishing a positive feedback loop that is expected to increase trading volumes on the Chromatic Protocol.
The Trade Reward Program stands as a pivotal element within the Chromatic Protocol, strategically designed to cultivate a dynamic and engaged trading environment. It serves as a mechanism to reward participants for their active involvement, establishing a positive feedback loop aimed at boosting trading volumes on the Chromatic Protocol.
Engaged traders will earn airdrop points as a reward for their active participation on the Chromatic Protocol. These accumulated points hold the promise of conversion into $CHRMA tokens post-token launch (TGE) on a decentralized exchange (DEX) at a 1:1 ratio. In simple terms, for every earned airdrop point, traders become eligible to receive an equivalent amount of $CHRMA tokens.
Here's the schedule for Trade Reward Program Season 1:
Trade Reward Program Season 1 will persist until March 31, 2024 (subject to potential schedule adjustments with prior notice).
Operational on a daily basis, the rewards aggregation and settlement processes take place every day at UTC 00:00.
Token Allocation details for Season 1 are as follows, amounting to 2,800,000 CHRMA tokens, equivalent to 2.8% of the total token supply:

• February 2024: 1,500,000 CHRMA (1.5% of the total token supply)
• March 2024: 1,300,000 CHRMA (1.3% of the total token supply)

It's important to note that the monthly token allocation for the Trade Reward Program will be finalized before the Chromatic Protocol's mainnet launch on February 1st, 2024. The figures provided are subject to potential changes until that time.
For a more comprehensive understanding of the Trade Reward Program, additional details can be found in the Chromatic Protocol Docs.
 Chromatic Protocol Docs.

B. Referral Program

In addition to the Trade Reward Program which awards traders for trading, The Chromatic Protocol introduces a Referral Program aimed at activating the protocol and expanding the ecosystem by acquiring key participants, the traders. This program is to encourage traders to actively trade and to invite other traders on our protocol, offering extra rewards to referrers and referrals. Participating in the referral program, both referrers and referrals will get additional rewards.

• Referrer’s rebate based on his/her referrals’ trading rewards: Referrer receives a rebate proportional to the trading rewards accrued by the referrals they have gathered.
• Referrals’ reward boosting based on referrer’s tier: Referrals receive reward boosts based on the tier of their referrer.

Referrer Tier System
There are two different tiers in the Referral Program. Normal Tier and Special Tier.

• The Special Tier allows participants to earn higher rewards, with potential earnings of up to 13% for themselves and up to 15% for their referrals.
• Access to the Special Tier is limited to a whitelisted few. However, to celebrate our mainnet launch and to reward early supporters, we’re offering Special Tier to early bird participants.
• Early bird participators can get the Special Tier by submitting the application form.
• Early Bird application period: from 27th Dec to 24th Jan

Registered Referrer Unchangeable:
Once a referral chooses a referrer, changing the designated referrer is not possible. This policy is intended to concentrate efforts on attracting new referrals rather than competing for already secured ones.
More detailed information is available in the ChromaticProtocol Docs.

C. LP Reward Program

LP Reward Program is a strategic initiative designed to foster active participation from Liquidity Providers (LPs), one of the most important players of the protocol right from its launch. Liquidity providers will get airdrop points in proportion to the liquidity they provided. These points can then be converted into $CHRMA tokens after the token launch (TGE) on a DEX, at a 1:1 ratio.
Unlike the Trade Reward Program, the LP Reward Program operates temporarily and on an ad-hoc basis, during liquidity shortages rather than continually, ensuring a balanced liquidity scale.
The LP Reward Program is designed to last for over six years after the protocol launch, allocating 8,000,000 CHRMA (8% of the total token supply). The program is front-loaded with more rewards in the early stages to stimulate protocol activation, with a gradual tapering of reward allocation over time.
LP Rewards Program Season 1
LP Reward Program Season 1 runs until March 31, 2024. (Note: The schedule is subject to change with prior notice).
The allocation for LP rewards in Season 1 is 1,000,000 CHRMA, which corresponds to 1.0% of the total token supply. If the LP Reward Program experiences low participation and the allocated amount is not fully utilized, the remaining rewards will be rolled over to the next season.
There are two steps in the LP Reward Program.
Warmup Period

• Warmup Period is a phase to put liquidity into pool.

Boosting Period

• During the Boosting Period, the liquidity gathered during the Warmup Period is deposited into the actual LP pool.
• The liquidity remains locked during the Boosting Period and can be withdrawn anytime upon its conclusion.

More details on how the program runs are described in the Chromatic Protocol Docs.

Join Now !

Embark on the distant journey of Chromatic Protocol, which will be the protagonist of Perp Dex in the future. Start participating from the early stages and engage in constructive discussions and contributions for the development of the protocol and the community.
The era of decentralized futures exchange is not coming; it’s here. See the Future on Chromatic.
⭐️ Testnet app: https://r.chromatic.finance/FUg0X
🐦 Twitter: https://twitter.com/chromatic_perp
🎮 Discord: https://discord.gg/NHduCY28
📖 Docs: https://chromatic.gitbook.io/docs/
👷 GitHub: https://github.com/chromatic-protocol
📚 Medium: https://medium.com/@chromatic-protocol
🏡 Linktree: https://linktr.ee/chromaticprotocol