KRONOR whitepaper
KRONOR (KRON) is an ERC-20 token on Ethereum with a fixed supply of 100,000,000. GPU rental fees are paid in USD, EUR, ETH, or BTC. Five percent of those fees buys KRON, which is then sent to a retirement address. The contract has no mint, burn, or admin functions. This paper does not set a price.
GPU rental
Kronor Rent is the GPU rental service at https://kronor.ai. It uses the same crown as KRONOR. A renter pays the fee in one of four assets: USD, EUR, ETH, or BTC. The price for an hour or a job, and the rental terms, are set by Kronor Rent. They are not stored in the token contract. Name and logo rules are in the brand book.
Contract
| Field | Value |
|---|---|
| Chain | Ethereum mainnet |
| Address | 0xcE8b11d7E6da0D98fC60DB1A11005D88c6b0758f |
| Name | KRONOR |
| Symbol | KRON |
| Decimals | 18 |
| Total supply | 100,000,000 KRON |
The full supply was issued at deployment. The contract cannot mint, cannot burn, and has no owner who can pause transfers. A retirement transfer does not reduce totalSupply. It moves KRON to an address that has no known key.
Creation transaction: 0xb3ad3472b91bacbe50ded68747319914e47b0ae09ee40e14664e35af2eaa265d.
Fee payment
| Asset | Role |
|---|---|
| USD | Accepted for the GPU rental fee |
| EUR | Accepted for the GPU rental fee |
| ETH | Accepted for the GPU rental fee |
| BTC | Accepted for the GPU rental fee |
KRON is not the checkout asset. Receiving accounts for the four fee assets are REQUIRED until the service publishes them.
Revenue rule
Each week, 5% of the GPU rental fees received that week is used to buy KRON. The other 95% pays electricity, hardware, and operations.
- USD and EUR: 5% of the cash received that week is used to buy KRON.
- ETH and BTC: 5% of the coins received that week is used to buy KRON.
- The KRON bought that week is transferred to
0x000000000000000000000000000000000000dEaD. - The purchase is made on a public market. The market is REQUIRED until one exists. The weekly buy starts in the first full week after that market is public.
- A monthly report lists fees received by asset, KRON bought, and the retirement transaction hash. The report URL is REQUIRED.
Retired KRON stays inside the 100,000,000 supply and cannot be spent. The amount still transferable is 100,000,000 minus the balance of the retirement address.
Holders
| Address | Balance | Share |
|---|---|---|
0xE6bB0381fB05066C9bB2289917EDa3FDaA9A3abC | 99,000,000 KRON | 99% |
0x3b8b3968af5069cdd8a8677f7753be2e0e23e2f8 | 1,000,000 KRON | 1% |
The first address deployed the contract. These balances are the on-chain figures used for this paper.
A holder does not receive a dividend and has no claim function in the token contract. The holder’s position is a share of the fixed supply. Each retirement transfer leaves that share pointed at a smaller transferable amount, funded by 5% of GPU rental fees. The price is set by buyers and sellers on the public market.
Risks
- Two addresses hold the supply issued at deployment.
- Until a public KRON market exists, the weekly buy cannot be executed.
- Rental volume can be zero. A week with no fees retires no KRON.
totalSupplystays 100,000,000 after every retirement transfer.- This paper does not promise a price, a profit, or a listing.