What is Cronos (CRO)?
CRO - Crypto.com's own cryptocurrency, designed to fulfill the functions of the mobile payment platform Crypto.com Pay.
- Cronos (CRO) is the native cryptocurrency of the popular cryptocurrency exchange Crypto.com.
- In the year of 2018, it was released under the name Crypto.com Coin, but it was decided to change the trade name to Cronos (CRO).
- It has gradually increased its uses outside of its native platform, so now they can be traded and traded.
Cronos Key Metrics (CRO)
|Ranking de Mercado||#26|
Cap de Mercado
What is Cronos (CRO)?
When Crypto.com Chain was launched, the company needed a currency to be able to use natively for its internal financial services, commercial and payment methods for all its users. It therefore launched Crypto.com Coin, fully designed to be used internally and as the internal commission payment for its alternative Pay platform. Its marketing slogan was 'put cryptocurrencies in every wallet'.
Kris Marszalek, Rafael Melo, Gary Or and Bobby Bao, when they launched their exchange Crypto.com, had the idea of launching their own cryptocurrency to support trading within the platform. 2 years later, at an event with Rafael Melo and Bobby Bao, they launched Crypto.com Coin.
In February 2022, Crypto.com Coin changed its name to Cronos (CRO), because the company needed a new name to reflect its decentralized nature and recognizing the growth the cryptocurrency has had over the years.
The Cronos Token (CRO)
Cronos (CRO), formerly known as Crypto.com Coin, is the native cryptocurrency of the popular cryptocurrency exchange Crypto.com. It was created with the aim of providing utility to users of the Crypto.com platform, primarily for tasks such as trading, financial services, and payments.
In February 2022, the company decided to change the name from Crypto.com Coin to Cronos (CRO) to better reflect its decentralized nature and acknowledge its growth and success over the years.
The Cronos Token (CRO) not only serves as a medium of exchange within the Crypto.com platform but also provides a way for users to earn rewards and commissions for processing transactions using the internal blockchain. Additionally, Cronos (CRO) can be used to get cash back and make purchases using gift cards, allowing for peer-to-peer transfers to other users.
Another use of Cronos (CRO) is through staking, where users can generate token rewards. Additionally, Crypto.com offers an annual reward of 10-12% for using their services to earn interest in cryptocurrencies.
Apart from its internal use cases, Cronos (CRO) has become a popular choice among users due to its stable price over the years. This stability makes it an ideal cryptocurrency for trading with stablecoins such as USDT.
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