Cronics Sale & CRN Distribution
3 min readOct 19, 2021
The last 5000 Gen-0 Cronics are going up for auction today - October 19th at 3PM UTC. The sale will take place on https://cronic.toniqlabs.com/ with a dutch auction model.
Auction Details
- The sale will take place on https://cronic.toniqlabs.com/ but will be powered by Entrepot on the backend.
- 30 Cronics will be available for sale at any given time (unless supply is exhausted) — Battle stats and rarity scores will be easily visible.
- The price will start at 24 ICP and drop by 1 ICP every 3 minutes until it reaches 5 ICP
- If the Cronic does not sell at 5 ICP in 3 minutes it is cycled back into the queue. If it does not sell twice it will either be burnt or held as team Cronic.
- Once a Cronic sells, the next one is added to the list
- Trading of Cronics on Entrepot will be locked during the time of the sale
We estimate the auction will run for 5 days. Although it can take as long as 2 week. These are the last Gen-0 that will ever be minted, the total supply is 11,000.
New Wearables (Spooky SZN)
- Each Cronic up for auction will have 1–2 new Halloween wearables, these will never be minted again. 6 accessories, 4 hats, 2 wings, 1 pet (but in 3 color variations).
- Current Cronic holders will be airdropped a bonus wearable (TBA this week)
Cronics Token ($CRN)
Initial Distribution of CRN
CRN will be distributed after sales end.
- 600 CRN will be dropped to all addresses that purchased a Cronic from the original tipcan (3MM)
- 20 CRN per bred off-spring will be dropped to those that participated in the breeding test platform (3MM)
- 1200 CRN will be included with every Cronic purchase during the public sale (6MM)
Total airdropped CRN: 12,000,000
You will be able to start earning CRN through mini-games at the end of the sale period. A user can earn up to a maxim of 2,000 CRN per day.
CRN can be used for the following:
- Breeding (4.5% is retained by Toniq, the rest is burned)
- Siring (4.5% retained by Toniq, the rest is sent to owner)
- Leasing (4.5% retained by Toniq, the rest is sent to owner)
- Buying Power Cells (4.5% retained by Toniq, the rest is burned)
- Buying wearables from the store (100% retained by Toniq and distributed to designers)
- Buying Cronics/Wearables from the marketplace (1.5% fee retained by Toniq, 1% marketplace fee, rest is sent to seller)
In future, we will implement a CRN — ICP swap
Breeding Delay
We estimate the sale to last ~ 5 days. Once it has ended the first mini-games will go live and breeding will start, some cronics will have a delay.
- All Cronics from the first release (TipCan Donations) will be able to breed immediately. Mint #: 1,001 — #6,000
- All Cronics purchased during the auction will have a 1 week breeding delay. Mint #: 6,001 — #11,000
- All Cronics from the team allocation will have a 1.5 week breeding delay. Mint #:1–1000
