Citadel.One
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Citadel.One

Crescent Network Overview

Crescent is to provide a connected DeFi functionality for Cosmos Ecosystem to enhance capital efficiency and manage risk effectively.

It focuses on the three main functionalities

  • Crescent DEX
  • Crescent Boost
  • Crescent Derivatives

Crescent Network will commit to, and evolve toward the embodiment of the following objectives:

  • Providing a marketplace for multi-chain assets with capital-efficient liquidity incentivization
  • Securing a cross-chain collateralization protocol for users to effectively manage risks of their portfolio

Project Development

A few years ago, a team of Cosmos network veterans known as B-Harvest collaborated with the Ignite team (formerly Tendermint) for a vision to create a DeFi experience on Cosmos Hub like no other. The B-Harvest team developed a working liquidity module known as Gravity DEX, while Ignite created the front-end and web UI, Emeris. The two teams worked in harmony to bring cross-chain DeFi to life.

The B-Harvest team sets on a quest to fully rebuild and expand on Gravity DEX, pursuing various DeFi utilities by breaking the boundaries set by Cosmos Hub. Led by the B-Harvest team in collaboration with Ignite, alongside investment by Ignite Ventures (formerly Tendermint Ventures), Crescent was developed.

Crescent Team

The current Crescent team is comprised of the original B-Harvest team, with the addition of industry experts to enhance operation and development capabilities for Crescent further. The inter-blockchain experts of Crescent worked closely with the Ignite team to bring forth a new innovation in seamless, connected decentralized finance on the Crescent DeFi Hub.

$CRE

The CRE token is the governance token for all Crescent directions, in place to ensure the decentralized operation and evolution of the Crescent Hub.

CRE token takes on the following functions, which are also open for changes according to governance in the future:

  1. Voting on governance
  2. Staking rewards
  3. Ecosystem Incentives
CRE Token Initial Distribution

Decentralized finance is at the core of Crescent, and equal and impartial governance through CRE token will ensure the participation of the community and negate the imbalance of power to allow Crescent Hub’s constant evolution in a positive direction for all.

About Crescent

Through a rebirth as a DeFi Hub, Crescent will dramatically expand utility and connectivity in blockchain by allowing users to bring investments from other blockchains to Crescent through IBC for increased investing opportunities.

A shut-down of Gravity DEX will be proposed in the transition process, seamlessly channeled into Crescent, where users can enjoy a totally new connected economy. Emeris will continue to be operated as a Cosmos multi-chain web-interface project under Ignite

To learn more about the Crescent project visit their official website.

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If you have further questions, drop us a message to support@citadel.one. You can also join our chat in telegram, there is an active discussion of all current updates, as well as round-the-clock support from our managers.

About Citadel.one

Citadel.one is a non-custodial Proof-of-Stake platform for the management and storage of crypto assets. Users can create public addresses for all supported networks with one seed phrase, connect their Ledger or Trezor device, or import an address generated by another wallet.

The analytical dashboard provides relevant information on wallets’ balances and networks’ main metrics. In Citadel.one, we standardize the semantics, making interactions with the platform as easy as possible. The same goes for network metrics. By using universal terms, we are making it easier for users to understand and compare networks.

One of the main functions of the Citadel.one platform is participation in the PoS consensus — users can stake and delegate their assets, claim rewards, and follow the latest network proposals in the voting tab.

Citadel.one offers its users instant cryptocurrency exchange services that allow fast and secure crypto assets swap. It is also possible to buy and sell crypto with a credit or debit card. Citadel.one users can track rewards, withdrawals, transfers, and deposits across all supported networks and add comments to these transactions.

Among PoS platforms, Citadel.one supports BAND network ($BAND) Secret Network ($SCRT), Cosmos ($ATOM), ICON ($ICX), IOST ($IOST), KAVA ($KAVA), BSC ($BNB), Juno ($JUNO), Comdex ($CMDX) and Tezos ($XTZ). We also support Ethereum, Bitcoin, and Tether ($USDT) for our users’ convenience. Mobile and desktop versions, new networks, including Polkadot are scheduled for the upcoming updates. Furthermore, delving into the idea of true decentralization, we envision Citadel.one a decentralized autonomous organization and a genuinely community-owned platform in the nearest future.

Learn More About Citadel.one

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Citadel.One

Citadel.One

Citadel is a multi-asset non-custodial platform for the management and storage of crypto assets