Kroncash Phases of Development
COMPLETED
Phase 1: Conceptualization and Planning
-Whitepaper Creation
- Define the mission, vision, and goals of Kroncash and Kronlet.
- Specify technical requirements for stablecoin and other ecosystem components. - Feasibility Study
- Research legal and regulatory requirements for operating in targeted jurisdictions. - Analyze market demand and competitors in the stablecoin space.
February - April 2024
Phase 2: Technical Infrastructure Setup
- Smart Contract Development
- Design and develop the core smart contracts for Kronlet stablecoin.
- Deployment on Testnet
- Use Hardhat framework for developing and debugging and deploying.
- Deploy contracts on a testnet for trial runs and debugging.
- Security Audits
- Engage third-party services for security audits of the smart contracts.
Phase 3: DApp and User Interface
- Web Platform Development
- Design and develop the initial version of the DApp website interface.
- Web3 Integration
- Integrate Web3 functionalities to allow users to interact with contracts directly from the DApp. - Wallet Integration
- Ensure compatibility with major wallets (e.g., MetaMask, WalletConnect, Coinbase, Binance).
Phase 4: Multi-chain Compatibility
- Cross-chain Bridges
- Build or integrate cross-chain solutions to make tokens transferable across different blockchains. - EVM Chains Deployment
- Deploy contracts on multiple EVM-compatible chains for broader access.
Phase 5: Stablecoin Launch and Initial Features
- Kronlet Stablecoin Launch
- Official release of the stablecoin on mainnet.
- Reserve Backing and Fee Structure Establishment
- Set up reserve funds and define fee structures for transactions and services.
KRONCASH DAPP - Launching June 6th Vercel