Chromapolis is the combination of a blockchain and a relational database. This means that Chromapolis builds a platform blockchain to support DApps to be built including games, businesses, e-commerse, etc. From this supporting, Chromapolis blockchain also store and process information, data on DApps and make sure that any updates, transformations and additions are consistent with the rules of Dapps.

General information

Website: https://chromapolis.com/

Telegram group: https://t.me/chromapolisbychromaway

Whitepaper: https://chromapolis.com/papers/chromapolis

Token price: $ 0.1 - floor price ( different discount rates for private investors fluctuating between $0.08 and $0.1)

Total Token Supply: $1 billion

Token sale: 25% (only for private sale )

Brief technology idea:

Understanding well that the current platform blockchains are struggling with many limitations such as scalability, high cost, low level of user experience and inflexibility, Chromaway team has built a new platform blockchain (which is called Chromapolis) to support the improvement of these problems.

3 priorities that Chromapolis is targeting at are that it helps to scale up DApps on platform blockchain, help DApps to be as scalable as centralized applications and allow developers to build Dapps with high security but still use old paradigms.

To achieve these three goals, Chromapolis uses a platform blockchain called PostChain that has been built before by the team and more sidechains to improve the scalability.

This blockchain features the relational blockchain model, which means that they always ensure the flexibility and consistency of information and stored data about application. The second feature is that the blockchian use a relational and specialized programming language which is deeply integrated with this relational model. The third feature is to towards the horizontal scalability in form of sharding method, thus increasing the number of nodes leading to the increase in the transaction throughputs. The consensus algorithm Delegated Byzantine Fault Tolerance (DBFT) increases more throughputs and verifies the transaction per second, etc.

Underlying structure

The underlying structure of Chromapolis consists of 2 main parts: Postchain and other chains (called sidechains).

Postchain: Chromapolis architecture is based on Postchain framwork. The difference between Postchain and the other blockchain framework is that Postchain is designed to store blockchain data (both content and application - level content ) in the relational database. Postchain also allows the transaction to be logical and consensus integrating with relational databases. Postchain is built on Kotlin and the JVM (Java Virtual Machine). Furthermore, Postchain also allows for multiple blockchain mechanisms and allows any blockchain to “observe” information from another blockchain, especially the trading in inter-blockchain .

Chromapolis Blockchain is divided into several blokchains to achieve the horizontal scalability. According to this mechanism, each node just needs to work with the corresponding blockchain. We have some of the following blockchain types (allowed in the Chromapolis network): Root Chain (allows the user to verify the data in the network without downloading the entire blockchain network), Directory Chain (traking all important information), Token Root Chain (traking the token distribution among blockchains) and Anchoring Chains (recording the block hashes of blocks from other blockchains, traking if there is any problems with the consensus).

Governance mechanism:

System-level governance includes system updates (structure, rules, etc.), parameter adjustments, the receiving of new memberships and the elimination of bad elements, etc.

Knowing that governance needs to avoid the centralization - an entity that can controls the entire network, Chromapolis has developed specific strategies to minimize this risk. Network users will be selected to participate in the administration - called Citizens of Chromapolis. Then, the activities of this group of users will be monitored and adjusted. So, initially, they would not have specific powers, which could act as advisors.

Governance mechanisms in different decentralized applications will vary. There will be no administration mechanism for some of the designed applications that can not be changed , other applications will allow users to vote, the user in other applications based on the percentage of tokens will have different rights to vote, etc. And in Chromapolis, like other public blockchains, it enables the copying of code and forks applications as needed.

Development Team

Henrik Hjelte (CEO): Henrik is also the CEO and co-founder of Chromaway, a company that develops innovative blockchain solutions for government and financial institutions. He created the ChromaWallet, an open-source wallet that reused the Bitcoin platform to transfer money, cash, cryptocurrency, and values representing for gold and real estate, etc.

Or Perelman (COO): Or Perelman is COO of parent company Chromaway, co-founder of Coloredcoins and CMO of bitBlu - a mobile app for managing cryptocurrency portfolios.

Alex Mizrahi (CTO): He is also a CTO of Chromaway, a co-founder of coloredcoin and an elite programmer. In his profile, Alex learned programming from the age of 10 from 3D to user interface, as well as participated in blockchain projects.

In short, Chromapolis’s development team has extensive experience in blockchain, and has created a number of products that are highly usable and practical.

Token Distribution

Of the tokens that Chromapolis issued, 70% of tokens will be owned by Chromapolis Devcenter Ou for selling, rewarding team members, investing or other uses. 3% will be put into a automatic conversion contract on Ethereum blockchain to back Chroma<->ETH pair. The next 2% will go into a system node compensation pool. Finally, 25% will be used to allocate users who experience applications on Chromapolis blockchain (a conversion rate between 0.5% and 1% per month, based on the total number of experiencing users).

Initially, Chromapolis chose to follow a centralized empire, thus speeding up the development easily rather than following the “deceptive decentralized” regime. Therefore, Chromapolis established a for - profit company called Chromapolis Devcenter Ou, which will act as the Chromapolis development center at the initial stages

As observed, many projects have “no profit” platforms and therefore they did not generate a lot of profit or any success. Chromapolis Devcenter Ou, after becoming a profitable organization, will focus more on specific goals and bring the value of the project on the rise.

Possibly, this is why there are about 45% of the tokens and about 25% of the tokens held by the development center (though not for any personal / institutional purposes). And this number compared to the ripple (one of the most outstanding centralized coins) is also significantly larger.

In summary, Chromapolis is a relatively potential project with a good and viable idea, a extensive experienced development team who have created a variety of products in the blockchain field, computational strategies, good quality partnerships and investment fund. However, the distribution pattern of Chromapolis token is somewhat risky, for a large community, Chromapolis will need some big marketing campaigns to get more trust from other communities. In many respects, this is a beneficial project for the hodlers.

Rating from Icogens:

HYPE RISK ROI TERM ICOGENS' SCORE MEDIUM MEDIUM MEDIUM LONG MEDIUM

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Source: Icogens.com