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What is Cronos (CRO) coin and how does it work?

by Financial Economy

Cronos is the first blockchain network to work with the Etheruem and Cosmos ecosystems, supporting DeFi, NFT and metadata. Described as a chain where Ethereum and Cosmos intersect, the native token of the Cronos blockchain is the CRO token. In this article, you can find answers to questions such as what is Cronos (CRO) coin, how it works, how to get it, which exchange is available on, what is it used for, etc. You can browse here for information about Valencia CF Fan Token (VCF).

What is Cronos (CRO) coin and how does it work?

Cronos (CRO) Coin is the native cryptocurrency of Cronos Chai, developed as a decentralized, open-source blockchain by payment, trading and financial services company Crypto.com. Crypto.com Coin has been rebranded to Cronos.

The Cronos Chain is designed to accelerate the global adoption of cryptocurrencies as Crypto.com’s means of increasing personal control over money, protecting user data and protecting users’ identities. Launched in line with its vision of putting a cryptocurrency in every wallet, the CRO will primarily serve as a tool to power the Crypto.com Pay mobile payment application, while in the future it will address the role of powering Crypto.com’s other products.

Cronos token features!

The Cronos platform has been developed as an EVM-compliant chain with additional support for IBC networks based on the Cosmos SDK. Its compatibility with Ethereum and Cosmos-based ecosystems paves the way for the chain to benefit from both ecosystems. With the network, creators move one step closer to the goal of scaling the Web 3.0 community with Cronos by moving applications and crypto assets from different chains at low cost, high efficiency and speed.

Cronos founders!

Cronos was developed by payments, trading and financial services company Crypto.com from November to December 2018. Founded in June 2016 by Kris Marszalek, Rafael Melo, Gary Or and Bobby Bao, Crypto.com company launched Cronos as part of its vision to put cryptocurrency in every wallet.

CRO token usage areas!

The usage areas of the CRO token can be mentioned as follows:

  • Payment of transaction fees on the network,
  • Staking,
  • Payment tool via Crypto.com Pay,
  • Buying, selling and bartering on exchanges.

Which exchange is CRO coin on?

Cronos Coin is listed on some cryptocurrency exchanges such as Bybit, OKX, Bitget, Bitrue, CoinTiger, etc.

How to buy CRO coins?

Cronos coin can be purchased from listed some cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

CRO token supply!

Total supply of Cronos coin is  units.

CRO token price!

As of January 18, 2023, at the time of the writing, 1 Cronos coin price is around $0.077 (because of the volatility on crypto market the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

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