Crypto Exchange App – CRO
Cronos (CRO) is the native token of Cronos Chain which is listed on crypto exchange app a decentralized blockchain developed by Crypto.com. Cronos chain is an open-source and energy-efficient public blockchain with high speed and low transaction fees. CRO coin holders could enjoy benefits such as discounted fees, higher earnings for lending, and priority services.
The goal of Cronos is to aid the creator economy with Web3 applications such as Decentralized Finance (DeFi) and GameFi that will ultimately serve as the foundation for an open metaverse. Cronos is designed to serve the next billion Web3 users in unlocking their power of self-control over the assets.
Cronos chain is compatible with Ethereum-Virtual Machine (EVM), powered by Ethermint, and built with the Cosmos Software Development Kit (SDK) that aids the Inter-Blockchain Communication (IBC) protocol. This means end-users can easily import crypto from Ethereum, Cosmos, and other chain families to Cronos, as well as quickly migrate apps and smart contracts from Ethereum and EVM-compatible chains.
Founders
Cronos was launched by the Crypto.com company as part of its vision of “putting crypto in every wallet.” Kris Marszalek, Rafael Melo, Gary Or, and Bobby Bao founded Crypto.com in June 2016 as “Monaco Technologies GmbH”. Kris Marszalek founded and headed three companies: Starline Polska, YIYI, and BEECRAZY prior to starting Crypto.com. Rafael Melo holds more than 15 years of expertise in the finance sector, working with major companies in Asia. Gary Or is a software engineer with more than nine years of full-stack engineering experience. Bobby Bao worked with the China Renaissance investment bank.
Uniqueness
Cronos chain is primarily focused on providing utility to the users of Crypto.com. CRO holders can stake their coins on the chain of Crypto.com to act as a validator and earn transaction fees. Furthermore, CRO coins can be used for settling transaction fees on the chain.
Within the framework of the Crypto.com Pay app, users can get cashback of up to 20% by paying merchants and up to 10% by buying gift cards and making Peer-to-Peer (P2P) transfers to other users. During trading, the Crypto.com App allows users to earn token rewards for specific listings by staking CRO.
Additionally, users can earn annual interest of up to 10-12% on their Crypto.com Coins by staking them on either the Crypto.com Exchange app or Crypto.com’s metal Visa Card.
Overall, CRO acts as a tool that powers Crypto.com to increase the global adoption of cryptos. As such, the company is continuously working on finding and developing new use cases that will allow users to leverage the crypto to enhance the control they have over their money, data, and identities.
Security
CRO is built on top of the Ethereum (ETH) blockchain according to the ERC-20 compatibility standard. The CRO network is secured by the Ethash function.
Tokenomics
Token Name: Cronos
Ticker Name: CRO
Total Supply: 30,263,013,692
Circulating Supply: 25,263,013,692
Max Supply: 30.26B
Market Cap: $1.39B
Conclusion
CRO is a utility token driving the Cronos blockchain. It is one of the products of Crypto.com intended to accelerate the global adoption of cryptos as a way of increasing private control over cash and protecting user data and identities. Apart from settling transactions on the Cronos chain, CRO holders enjoy advantages when using the Crypto.com suite of products, such as discounted fees, higher earnings for lending, and priority services.
How to Buy CRO?
Follow the below steps to buy CRO coins,
- Signup with KoinBX IOS App.
2. Fill in the mandatory details to create an account.
3. Complete your KYC verification process.
4. Add your bank account.
5. Deposit Fiat to your KoinBX account.
6. Click Buy to start buying CRO with Indian rupees (INR) & Tether (USDT).
How to Sell CRO?
Follow the below steps to sell CRO coins,
- Signup with KoinBX.
2. Complete your KYC verification process.
3. Link your bank account.
4. Click the Sell option to find a buyer for CRO.
Once a buyer for CRO is found, you can start selling CRO with Indian rupees (INR) & Tether (USDT).
How to Trade CRO?
To make your CRO trade anywhere, anytime with the great trading experience with KoinBX Android and iOS app.
Download here >> KoinBX Android App
Download here >> KoinBX Ios App
