Chromia (CHR) Price

CHR

Buy

Before trading any crypto assets it is important to understand the risks. This overview summarizes certain risks associated with CHR. 

No securities regulatory authority has expressed an opinion about CHR, including an opinion that CHR itself is not a security and/or derivative. 

Token Description & Project Background

Chromia is both an independent layer-1 blockchain and an Ethereum-compatible layer-2 scaling solution.

Designed as a “network of networks,” Chromia facilitates the creation of bespoke decentralized applications (dApps) secured via sidechains connected to the project’s Proof-of-Work (PoW) ledger. It aims to solve issues of scalability, security, and User Experience (UX) for all Layer-1 / Layer-2 users.

CHR is Chromia’s native currency. It’s used by developers to pay network fees and is also a means of rewarding security-provisioning validators, as well as for additional general purposes across the two-tier system.

The CHR token was launched in 2019. 

Founded in 2014 by three Swedish blockchain engineers, Henrik Hjelte, (CEO) Alex Mizrahi (CTO) and Or Perelman (COO).

Risks of CHR

Like an investment in other crypto assets, there are some general risks to investing in CHR. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in CHR is subject to the following specific risks:

  • The Layer-1 space faces intense competition. Any potential success associated with CHR depends on Chromia’s rate of adoption.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with CHR. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The CHR community and founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of CHR have no recourse to the CHR community, Chromia founding team, or Uphold if CHR declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing CHR on the Uphold Platform, Uphold performed due diligence on CHR and determined that CHR is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

  • The creation, governance, usage, and design of CHR, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
  • The supply, demand, maturity, utility, and liquidity of CHR.
  • Any marketing materials put forward by the CHR social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
  • Material technical risks associated with CHR, including any code defects, security breaches and other threats concerning CHR and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
  • Legal and regulatory risks associated with CHR, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of CHR. 

General

Uphold has prepared this Crypto Asset Statement based on publicly available information. Although Uphold has taken steps to obtain information from apparently reliable sources, information contained in this Crypto Asset Statement may be inaccurate, incomplete or out-of-date. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.

Uphold users should read the Risks Specific To Holding Digital Assets statement for additional discussion of general risks associated with crypto assets made available through the Uphold platform.  

Canadian residents, please note that Uphold has filed an application for registration in certain Canadian jurisdictions but has not yet obtained registration. Until such time as Uphold obtains registration, Uphold has agreed to abide by the terms of an undertaking available at the following link. Please also review the Uphold Canada – Crypto Risk Statement for additional discussion of general risks associated with the crypto assets made available through Uphold Platform. Please be aware that statutory rights of action for damages or rescission in section 130.1 of the Securities Act (Ontario) and, if applicable, similar statutory rights under securities legislation in the other provinces and territories of Canada do not apply in respect of this Crypto Asset Statement or other disclosures on the Uphold website and Risks Specific To Holding Digital Assets statement. 

Last updated on June 21, 2023.

How to buy Chromia (CHR)

With Uphold, you can buy digital currencies in just 11 clicks - even if you don’t have an account yet. 

Nothing could be easier.

Here’s how fast it is to get started:

1. Go to Uphold.com and click sign up.

2. Enter your email address and personal details. 

3. Click the link we send you and create a password

… and you’re off to the races!

Just start trading.

Get more coin for your coin

0% withdrawal fees

Low spreads

Learn more