Better name right? All this is building up, they succeed one milestone on their roadmap after the other. They keep updating. And they already provide support to 120 dApps. Let me tell you more about the Roadmap of the chain itself and the roadmap of dApps:
Basicly their roadmap comes in 4 fases:
Phase 1 Canis Major
Focusses on on-chain support for NFTs
Phase 2 DRACO II
Focusses on the issuance of coins and the Ethereum Virtual Machine. In simple words, it makes sure you are working with native coins.
Phase 3 TUCANA III
Based on the uniswap model, with future improvements and updates. Deals with the Decentralized Exchange with an automated market.
Phase 4 HYDRUS I
Focusses on smart contracts. Includes the release of working with the CosmWasm engine. Which is an engine even better than Thomas the Tank Engine: it functions in multiple programming languages. It provides support for many dApps and DeFi.
Phase 5 CARINA III
Basicly deals with decentralized finance and oracles. It links oracle protocols to empower smart contracts. In other words, they are working incredibly hard in making the world of Decentralized Finance a better place. For us and for our future.
And here is a detailed image of the dApp Roadmap:
But what is so darn good about this platform? Why is it better than others? Because it sure is not the only one since more and more companies are going the same way. Well, remember BNB going to the moon? Binance now is currently one of the most popular exchanges. The Binance coin even has it's own Smart Chain which hosts popular coins like Pancake (CAKE). I remember at the beginning of 2021 I bought 1 BNB for like 50 dollars. I still got a big profit but missed out on so much.
Crypto.com uses the so-called Cronos. It has seen an all time high of nearly 90 cents already, it is pretty cheap to get. Not even talking about their wide market on different Crypto, and it keeps growing and growing and growing. I believe that Crypto.com will gain more and more popularity and so will Cronos. And besides that, now it functions as an ERC-20 token. But I speculate that they will create their own Smart Chain as well. Especially since their name change and big support of dApps. Good stuff is coming guys!
With a total market supply of 30 billions, of which they burn a significant amount, it fits basicly 181 times in the total coin supply of BNB. So if you want to compare it by total coin supply, BNB trades now at 370 US dollars and 0.40 x 181 = 72,40 US dollars. which shows you in a simple way that there is a decent amount of room to grow. But 1 Cronos of 0.40 in todays value will high likely NEVER touch the 370 dollars. Instead, if it would reach the same highs as BNB, Cro would touch around 2 dollars per Cronos. And ofcourse there are different ways to speculate about that! You can also compare the total market capitalization of BNB and Cronos, which will have similar results. And I do have to say, I love to speculate. But always do your own research. I am not saying that Cronos will go after BNB, I am just wondering how the future of Cronos will be if they keep going like they are doing now. And they are doing pretty darn good.
With listening to their audience, following market trends and their easy to use app with great functions. I think the userbase only grows bigger and bigger from here. I am speculating about an upside of 376% according to my calculation and comparisment to BNB.
Also when I look how they are doing with marketing, buying a sports stadium and advertising everywhere. I can only imagine the possibilities. Besides that, I highly recommend you to check out their VISA Program. Just pay with their card and get free money, paid out in Cronos!
When you make an account (I would appreciate it if you would use my refer link) here one of the first things you do is ofcourse buy some crypto and receive your free 25 dollars in Cronos. What is great about using this exchange, apart from buying, selling, trading and staking (40% APY), is the card system. Let me explain shortly: your benefits depend on how much cronos you stake. From the moment you stake you already get access to the benefits. And your staked crypto will be frozen for 6 months, after that you can trade whatever you want again. So I started my journey with staking 400 worth of cronos. Which gave me the red card (arrived in around 2 weeks) with 2% cashback in cro on whatever I can buy with Visa and getting the amount of Spotify 100% back in cro as cashback. Because I got so excited, I decided to buy more and more. Since october 2021 I have gained over 200 euros in cashback already, by simply having Spotify, doing groceries and putting some diesel in my car. Apart from that I also purchase on e-commerce websites with it. Right now I have around 2500 US Dollars in Cronos. I decided to stop buying more because I will get more cashback in the upcoming months, and the Cro will also reach new highs again. When that happens I will happily go to the next level where I get 3% cashback AND FREE NETFLIX!!!
One important downside tough, even though I get A LOT of cashback, if you want to upgrade your card you not only have to stake the amount that you see here but also pay 50 US Dollars for a new (high quality) metal Visa card. For me it is not that bad since I already earned that with my cashback but I can imagine it can be a bummer when you see it for the first time.
The extra Cronos that I earn I put in the so-called supercharger, where you can get up to 40-50% stake rewards in new and currently existing projects. Last month I got Ethereum and now I am staking for Luna (Next month Bitcoin). The interest rates on staking Cronos are definitely NOT BAD :)
I hope you've enjoyed my excitement! Let me know in the comments what you think.
