> For the complete documentation index, see [llms.txt](https://crono-king.gitbook.io/cronofi-finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://crono-king.gitbook.io/cronofi-finance/details/layer-2/usdkrono-layer-token.md).

# $KRONO - Layer Token

Introducing $KRONO, our first layered token that offers a unique anti-bot mechanism that **blacklist holders** who are using bots. This is to avoid the same scenario as seen in $CRONO where a couple of bots manage to secure a substantial amount of the initial supply, hindering the growth of $CRONO. Addresses that contain more than 5% of the supply will be flagged out and should they be deemed to be botting, they will be blacklisted. 

Furthermore, we will be implementing to incentivise HODL-ing instead of short term trading, further protecting the price of $KRONO. This taxation will be split into 2 components in the following manner: 

* Auto liquidity (3% will be used for adding liquidity to increase the depth of the pool)
* Burns (1% will be used for burns to reduce the supply available)

### Smart Tax

Unlike other protocols that simply tax token holders whenever a transaction was made, we managed to implement our smart tax feature that allows users to deposit, withdraw and harvest without incurring tax. Users will only be taxed when they are **BUYING or SELLING.**

### How does $CRONO holders benefit?

With a strong price for $KRONO, $CRONO are given the benefit to stake $CRONO with a higher multiplier and earn $KRONO. Furthermore, staking $CRONO will also contribute to our goal of 5m TVL for Eclipse day where we will be doing a 50k USDC worth of buyback and burns!