Crypto.com's coin, also known as Cronos (CRO), originally developed as an ERC-20 token, is the cryptocurrency token that represents crypto.com exchange platform. This coin was founded back in November 2018. CRO is available in some top cryptocurrency exchanges such as Coinbase and Crypto.com. Users can buy, sell, or trade cryptocurrency or NFTs using Crypto.com's coin.
Recently, this platform has standout as one of the best cryptocurrency exchange thanks to the increased popularity and success of its digital coin, Cronos.
Cronos (CRO) is the core cryptocurrency token of Crypto.com Blockchain, a decentralised, open-source blockchain designed by the Crypto.com payment, trading, and financial services organisation. Cronos Chain is now one of the solutions offered by Crypto.com to help speed the worldwide adoption of cryptocurrencies as a method of strengthening personalised control over money, preserving user data and protecting users' identities. The Cronos cryptocurrency is largely responsible for powering the Crypto.com Pay mobile payments app. Crypto.com intends to broaden the scope of the Crypto.com Coin platform in the future to power its other offerings as well.
Briefly about Cronos
What blockchain does Cronos use?This coin uses the crypto.com blockchain called Cronos that was founded in 2016. It is an open-source blockchain that has more than 10 million users. This crypto exchange supports a range of cryptocurrency assets and blockchain-related products. Crypto.com chain delivers instant transaction confirmation and offers favourable fees, and supports more than 150 different currencies. Also, it offers discounts to users who hold a significant stake in CRO.
Furthermore, the central hub of this platform is the crypto.com app which is available for Android and iOS devices. Trading on the app is fast, reliable, and straightforward.
Fortune favors the brave, says Cronos - the native token of the Crypto.com exchange.CryptoLists.com
Why care about CRO?CRO is one of the promising cryptocurrencies that you should consider having a closer look at. Currently, this token popularity and success have been popping up. Cronos offers multiple features and services. The most striking feature of this token is that since it was introduced in the market, its value did not fluctuate to the least of the diversions and has remained attractive to investors.
Besides, of late, the CRO price has been rising. Some of the reasons that have led to this positive movement are because crypto.com has engaged in a 20-year contract for the renaming rights of Staples centre, which will soon be renamed the crypto arena. Also, the company features Matt Damon, the Oscar-winning actor, in its global advertising campaign. That means a lot to this token. More and more people will be aware of crypto.com and eventually use CRO in some form; hence the coin may increase in value.
Utility of Cronos?
The Cronos blockchain is primarily intended to benefit users of Crypto.com's payment, trading, and financial services offerings.
The main use of CRO tokens is to offer solutions for users to power their cryptocurrency transactions and financial services in an innovative way. It allows one to pay for real-life things with crypto by converting it into fiat currency in real-time. Cronos is a utility token in the crypto.com ecosystem for making payments, trading, NFT purchases and sales along with financial services.
Cronos coin holders can stake their assets on the Crypto.com Chain to serve as validators and receive fees for processing network transactions. CRO coins can also be used to settle transaction fees on the Crypto.com Chain.
Clients of the Crypto.com Pay payment app may earn up to 20% cashback when paying merchants in CRO and up to 10% cashback when acquiring gift cards and making peer-to-peer transfers to other members.
The Crypto.com App lets users earn token incentives by staking CRO for specific listings in trading applications.
Furthermore, by staking their Crypto.com Coins on the Crypto.com Exchange app or Crypto.com's metal Visa Card, consumers may earn yearly interest of up to 10-12 per cent on their Crypto.com Coins.
Overall, Cronos serves as a driving force behind Crypto.com's global push to expand cryptocurrency acceptance. As a result, the firm is always looking for and developing new use cases to allow consumers to harness cryptocurrencies and gain more control over their money, data, and identities.
Cronos Price detailsERC20 Contract address: 0xa0b73e1ff0b80914ab6fe0444e65848c4c34450b
›› CRO tokenomics and social media
Advantages at Cronos+ The company behind this coin is a big sponsor in the U.S for sports.
+ Strong security.
+ Discounts on Exchange Costs
Disadvantages- Cronos has minimal application outside of the Crypto.com environment
- Coins aren't universally available.
- Lack of response from customer support.
Costs▪ Rated at 10/10
If you are trading on the Crypto.com App, your tier determines trading CRO costs. To obtain a rebate, you must stake a minimum of 5,000 CRO.
On the Cronos blockchain, the withdrawal and deposit fees are only 0.001 CRO.
Reputation and Buzz▪ Reputation rated at 9/10
▪ Buzz rated at 10/10
Along with the numerous products and services, part of the value growth can be attributed to Crypto.com's declaration of a 20-year contract for the naming rights to Los Angeles' Staples Center. This sports stadium is home to the LA Lakers, LA Sparks, LA Clippers, and LA Kings. It costs the crypto business roughly $700 million, while the associated marketing effort costs around a billion dollars. It also has a $100 million agreement with Formula One and a sponsorship with the National Hockey League's Montreal Canadiens.
The organisation also promises to be a true power play since these agreements will connect the brand with some of the largest sports organisations. While people in the know will be more aware of Crypto.com as a corporation doing many things, the general public will at the very least see the name "Crypto.com" in large letters on their team's (or opponent's) stadium and beyond.
This will make it a point of contact for anybody interested in using cryptocurrency in some capacity. When a cryptocurrency is visible and works with a large corporation, its value generally skyrockets.
What is the highest value CRO ever had?
The highest value CRO has ever had was on 24th November 2021, when it reached 0.99 USD before turning down again.
Is Crypto.com coin a good buy?
Generally, CRO is best for people who want to do more with their cryptocurrencies than buy and hold. CRO is suitable for active traders or anyone interested in using their cryptocurrency as a fiat currency, not just an investment.
Is the Value of CRO Likely To Go Up??
It's difficult to predict if the price will continue to rise indefinitely or if it will go down in the short term. However, the currency has many possibilities and is making a point of becoming a prominent sponsor across sports, so more people will be aware of it, perhaps leading to an increase in value. However, there may be a malfunction in their system. The government could try to tighten up taxes (since individuals can easily circumvent them using crypto), or Elon Musk could tweet anything - who knows. Always be careful and don't invest more than you are ready to loose.
Is CRO Coin a Good Investment?
It might be. Crypto.com Coin has undoubtedly fared well over the last year, growing 1,400% from January to November 2021, and it is still trading more than its yearly averages from 2018, 2019, and 2020. As of 27 January 2022, the currency is valued more than 2,250 per cent more than when released. However, it has seen a significant drop throughout the winter months. Please do your own research before investing in Crypto Coin (CRO) and evaluate the coin based on your investment horizon. Cryptocurrencies are very volatile, and values can fall or rise, so never invest more than you can afford to lose.
Screenshots from Cronos
Related crypto site? Learn more about Crypto.com AppCRO is a utility token for the platform Crypto.com App, so it's worth reading more about the company behind below.
If you're searching for an all-in-one, affordable crypto platform, then you will find Crypto.com app right for you. The more CRO (crypto.com coins) you stake, the more benefits you'll obtain from this platform. Besides the CRO rewards, the exchange charges a solid low fee and supports more than 60 cryptos that're available in the United States. But what is Crypto.com and how does it work?...
›› Read our full Crypto.com App review here or more directly at their website here.
Making crypto trading, staking and investing simple. Directly from an app.
›› Sign up at Crypto.com App here
More sites where to buy/sell/trade CronosBelow you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this coin/token. Click on the logo to read our review.
Cronos details and tokenomics
ATOM Contract address: E6931F78057F7CC5DA0FD6CEF82FF39373A6E0452BF1FD76910B93292CF356C1
SOL Contract address: DvjMYMVeXgKxaixGKpzQThLoG98nc7HSU7eanzsdCboA