New Crypto Coins, Crypto.com Coin (CRO)
Crypto.com Coin (CRO) is the native token of the Crypto.comChain. The Crypto.com chain was created to build a network of cryptocurrency projects and develop the ability of merchants to accept cryptocurrencies as a form of payment.
- What Is Crypto.com Coin [CRO]?
- Who Are the Founders of Crypto.com Coin?
- What Makes Crypto.com Coin Unique?
- How Many Crypto.com Coin [CRO] Coins Are There in Circulation?
- How Is the Crypto.com Coin Network Secured?
- Where Can You Buy Crypto.com Coin [CRO]?
- CRO Crypto Token Price Live Data
What Is Crypto.com Coin [CRO]? Token
Crypto.com Coin (CRO) is the native cryptocurrency token of the Crypto.com Chain, an open source decentralized blockchain developed by the financial, trading and payment services company Crypto.com.
Crypto.com Chain is one of the products in the Crypto.com line of solutions designed to accelerate the global adoption of cryptocurrencies as a means of increasing personal control over money, safeguarding user data and protecting the identities of users. users. The CRO blockchain primarily serves as a vehicle that powers the Crypto.com Pay mobile payments application.
In the future, Crypto.com plans to expand the reach of the CRO platform to power its other products as well.
CRO was launched in November-December 2018.
Who Are the Founders of Crypto.com Coin?
Crypto.com Coin was launched by the Crypto.com company as part of their vision to “put cryptocurrencies in every wallet.” Crypto.com itself was founded in June 2016 as “Monaco Technologies GmbH” by Kris Marszalek, Rafael Melo, Gary Or, and Bobby Bao.
Kris Marszalek, a Polish University Adam Mickiewicz alumnus, founded and ran three companies before starting Crypto.com: the consumer electronics design and manufacturing business Starline Polska, the location-based services mobile app and platform. YIYI and BEECRAZY e-commerce company.
Rafael Melo obtained his engineering degree from PUC-Rio. Throughout his career of more than 15 years in finance, Melo has worked with leading companies in
Before helping launch Crypto.com, Bobby Bao worked in the M&A department at investment bank China Renaissance. Bao has studied at the
What Makes Crypto.com Coin Unique?
The CRO blockchain is primarily focused on providing utility to users of Crypto.com’s payment, commercial and financial services solutions.
CRO owners can stake their coins on the Crypto.com chain to act as a validator and earn fees for processing transactions on the network. Also, CRO coins can be used to settle transaction fees on the Crypto.com chain.
Under the Crypto.com Pay payment application, users can get a refund of up to 20% by paying merchants in CRO and up to 10% by purchasing gift cards and making peer-to-peer transfers to other users.
When it comes to business use cases, the Crypto.com app allows users to earn token rewards for select listings by betting CROs.
Additionally, users can earn up to 10-12% annual interest on their Crypto.com coins by betting them on the Crypto.com Exchange app or Crypto.com’s metal Visa card.
Overall, CRO acts as an instrument driving Crypto.com’s momentum to increase cryptocurrency adoption on a global scale. As such, the company continually works to find and develop new use cases that allow users to leverage cryptocurrency to improve the control they have over their money, data, and identities.
How Many Crypto.com Coin [CRO] Coins Are There in Circulation?
The total supply of CRO is limited to 30 billion coins (following 70 billion CRO burned in 2021), all of which were created when the blockchain went live — making it a non-mineable cryptocurrency.
The total supply of CRO will be allocated for five different purposes:
- 30% — Secondary distribution and launch incentives – released in batches on a daily basis over five years from November 14, 2018;
- 20% — Capital reserve – frozen until Nov, 7, 2022;
- 20% — Network Long-Term Incentives – frozen until Nov. 7, 2022;
- 20% — Ecosystem grants – frozen until the launch of Crypto.com Chain Mainnet;
- 10% — Community development.
How Is the Crypto.com Coin Network Secured?
CRO is built on the Ethereum (ETH) blockchain according to the ERC-20 compatibility standard, which means that your network is protected by the Ethash feature.
Where Can You Buy Crypto.com Coin [CRO]? Token
If you would like to know where to buy Crypto.com Coin, the top exchanges for trading in Crypto.com Coin are currently OKEx, FTX, Huobi Global, CoinTiger, and Upbit.
CRO coins are available at multiple cryptocurrency exchanges, some of which are:
- Huobi Global
CRO Crypto Token Price Live Data
The live Crypto.com Coin price today is $0.120621 USD with a 24-hour trading volume of $26,410,133 USD. Crypto.com Coin is down 0.44% in the last 24 hours. The current CoinMarketCap ranking is #32, with a live market cap of $3,047,256,201 USD. It has a circulating supply of 25,263,013,692 CRO coins and a max. supply of 30,263,013,692 CRO coins.
Source – CoinMarketCap, Live Price Data was taken on 04 August 2021
Learn About the CRO Token | Crypto.com Coin (CRO) | Crypto New Coins
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