Crypto.com Coin (CRO) - an open source decentralized blockchain. CRO is the blockchain's native cryptocurrency token. The code was developed by the payment, trading and financial company Crypto.com.
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Description of Crypto.com Coin (CRO)
Crypto.com Chain is one of the products in the Crypto.com portfolio of solutions, designed to accelerate the global adoption of cryptocurrencies as a means to increase personal control over money, protect user data and protect user identities. The CRO blockchain serves primarily as the vehicle that powers the Crypto Pay mobile payment application. In the future, the company plans to expand the reach of the CRO platform to power its other products. CRO was launched by the company as part of its vision to “put cryptocurrency in every wallet.” CRO was founded in June 2016 as "Monaco Technologies GmbH" by Chris Marsalek, Rafael Melo, Gary Ohr and Bobby Bao.
What makes a coin unique?
The CRO blockchain is mainly focused on providing utility to users of Crypto.com's payment, trading and financial solutions.
What is the uniqueness of the project:
| Betting | CRO holders can stake their coins on the Crypto.com chain to act as a validator and earn on-chain transaction processing fees. |
| Commission | CRO coins can help to settle transaction fees on the Crypto.com chain |
| Cashback | Within the Crypto Pay payment application, users can earn up to 20% cashback when paying merchants in CRO and up to 10% when buying gift cards and making peer-to-peer transfers to other users. |
When it comes to trading use cases, the Crypto app allows users to earn token rewards for individual ads by staking CRO. In addition, users can earn up to 10-12% annual interest on their CRO coins by staking them on either the Crypto.com Exchange app or the metal card of Visa Crypto.com.
Overall, CRO acts as a tool that helps Crypto.com to increase the adoption of cryptocurrencies on a global scale. Thus, the company is constantly working to find and develop new use cases that will allow users to use cryptocurrency to increase control over their money, data and identity.
Buying a token
The total CRO supply - 30 billion coins (after 70 billion CRO, burned in 2021), all of which appeared when the blockchain went live, making it the native cryptocurrency of the blockchain. CRO coins are available on several cryptocurrency exchanges, some of which are:
- Bittrex;
- OKEx;
- Huobi Global.
CRO runs on the Ethereum (ETH) blockchain, in accordance with the ERC-20 interoperability standard, which means that its network has a protection of the Ethash feature.