Cronos (CRO) Unveils zkEVM Bridge Initiative

Blockchain
platform
Cronos
(CRO)
has
announced
the
launch
of
its
new
zkEVM
Bridge
campaign,
offering
users
the
opportunity
to
earn
points
by
bridging
CRO
tokens
from
Ethereum
and
Cronos
EVM.
This
initiative
is
part
of
the
Cronos
zkEVM
Pioneer
Program,
which
aims
to
encourage
participation
and
reward
early
adopters,
according
to
the

official
announcement.

The
zkEVM
Journey

The
Cronos
zkEVM
project
and
its
associated
decentralized
applications
(dApps)
have
initiated
the
Cronos
zkEVM
Passage
campaign.
This
campaign
marks
the
final
stage
before
the
mainnet
launch,
where
users
can
bridge
their
assets
to
Cronos
zkEVM
and
earn
loyalty
points
as
rewards.
Veno
Finance
will
facilitate
the
bridge
services.

Users
who
bring
CRO
from
Ethereum
or
lock
up
or
stake
CRO/LCRO
on
the
Cronos
EVM
can
accumulate
points
through
the
Cronos
zkEVM
Bridge,
making
them
eligible
for
the
Cronos
zkEVM
Pioneer
Program.
Additionally,
these
points
can
be
claimed
for
extra
rewards
in
participating
dApps.

Campaign
Details

Duration:
From
July
4
until
the
zkEVM
mainnet
launch.

Eligible
Tokens:
CRO
(from
Ethereum/Cronos
EVM)
and
LCRO
(from
Cronos
EVM).

To
participate,
users
need
to
visit
the

Cronos
zkEVM
Bridge
page
and
lock
up
or
stake
their
assets.
The
CRO/LCRO
tokens
will
be
converted
to
zkCRO
and
locked
in
a
multi-signature
contract
until
the
mainnet
launch,
expected
in
Q3
2024.
Upon
launch,
zkCRO
will
be
available
for
use
on
the
Cronos
zkEVM
network.

Early
participants
will
enjoy
several
benefits:

1. Receive
   zkCRO
   ready
   for
   mainnet
   use.
2. Accumulate
   early
   support
   points
   in
   the
   Cronos
   zkEVM
   Pioneer
   Program.
3. Earn
   staking
   rewards
   on
   their
   CRO,
   with
   more
   zkCRO
   available
   for
   earlier
   participants.

Eligibility
for
Participation

Anyone
holding
CRO
on
the
Ethereum
mainnet
or
Cronos
EVM
can
join
the
campaign.
Those
with
CRO
on
exchanges
can
withdraw
to
the
Ethereum
mainnet
(ERC20)
to
participate.
The
campaign
encourages
users
to
spread
the
word
and
invite
friends
to
join
this
journey.

Point
Accumulation

A
few
weeks
after
the
campaign’s
start,
the
Cronos
zkEVM
Pioneer
Program
web
page
will
go
live.
Users
can
connect
their
wallets
to
monitor
their
accumulated
points.

Join
the
New
Cronos
Adventure

As
the
launch
of
Cronos
zkEVM
approaches,
users
are
invited
to
participate
in
this
adventure
and
earn
more
rewards.
The
odyssey
begins
now!

Image
source:
Shutterstock