Crypto.com - Cronos (CRO)

501 Articles 28,782 Followers

Payments and cryptocurrency platform Crypto.com’s (now known as Cronos) token (CRO) is an initiative by the company to facilitate a transaction system that connects merchants and users, with the intention of making retail payments seamless and inexpensive. Founded in June 2016 by Kris Marszalek, the platform’s ICO raised $26.7 million for its MCO token in an ICO held in Q2 2017.

Crypto.com actually has two tokens: the MCO token and the Chain (CRO) token, the latter being the token for the platform’s very own blockchain. Initially starting off by offering a wallet, a mobile app and a prepaid Visa card, Crypto.com has since moved to offering its own crypto that ties in with its products and services. Its Visa card is one of its more touted features, letting users buy prepaid visa cards with fiat currency and letting them use it at merchants that accept Visa. It includes offers such as receiving up to 5% cashback in the form of MCO tokens.

However, its CRO token is a better indicator of Crypto.com’s larger business strategy. The utility of the token comes in the form of it enabling cross-asset currency settlement, settling blockchain transaction fees, rewarding nodes for participating in the network and offering services with lower fees when used.

Crypto.com’s Chain is a native blockchain solution that the team is bringing for more seamless payment. The whitepaper reveals that the team believes that no transaction fees for merchants and strong promotional offers, among other things, will help develop their ecosystem. Offline merchant acquisition and a gradually increasing degree of decentralization are two key priorities.

 


Crypto.com Continues Slashing Visa Card Rewards

2 May 2022 2 minute read 2 comments Fuglypump

Recently Crypto.com has started to drastically scale back their rewards program to "ensure long-term sustainability in the current market environment" at the expense of retail investors. Moments after today's announcement CRO dropped roughly 16% and...

Crypto.com is dead...long live Nexo

1 May 2022 1 minute read 0 comments Kyzerd

Wow what a Sunday for crypto.com users...it seems the CEO decided for a drastic change in their program basically removing the possibility of earning any decent yield+ the Cro price taking a deep slash of which is still to see if it will recover and...

Crypto.com Visa Debit Update

1 May 2022 1 minute read 0 comments Hammer22

Crypto.com announced upcoming changes to terms of their Visa card. According to crypto.com, in an email message sent to users: “To ensure long-term sustainability, we are introducing a number of changes to the CRO Card rewards programme, effective 1...

Stacking debit card cashback offers for maximum passive earnings using a Curve debit card

28 Apr 2022 2 minute read 1 comment CryptoPlankton

Our main cashback card in this process is a debit card from Crypto.com, but the cornerstone of this process is a debit card from Curve the reasons for this will become clear as we progress. Crypto.com Debit Card The debit card from Crypto.com is a p...

Crypto.com Visa Card!!!

18 Apr 2022 1 minute read 0 comments Lemonfly

I would like to share with you one of the things  I liked the most in this journey in the crazy cryptoworld: THE VISA CARD OF CRYPTO.COM  I really love this gorgeous credit card. Which by the way is also a beautiful object: elegantly colored , made o...

How to sell CRO: Guide for Beginners

18 Apr 2022 3 minute read 0 comments Fiatom.io

The Cronos blockchain and its native CRO coin have been launched by a leading crypto payment company Crypto.com. CRO is successfully traded on most crypto trading platforms, has an impressive market capitalization, and is among the top 20 cryptocurre...

together we stand - crypto.com nft

17 Apr 2022 1 minute read 0 comments Kyzerd

I am trying to get started with nft's of my own, not sure if what I am doing is right but everything begins at some point. I am not trying to get rich but instead every proceed I receive will go in some way to support the ongoing crisis in the Ukrain...

Finally We Have Had the First Major Sport that Paid Bonuses to Athletes in Bitcoin

11 Apr 2022 2 minute read 3 comments Cje95

While we have heard of players "receiving" part of their salary in Bitcoin that has not really been the case. In these instances, a separate company would make the transaction on behalf of the player the team just sent the money where the player want...

F1 the new Sport for Cryptos?

11 Apr 2022 1 minute read 0 comments Kakakashyyyk16

I'm a big fan of F1 and cryptocurrencies. And see the huge advancement that has been made in F1 for this year 2022 with more teams being sponsored by cryptocurrencies or exchange's cryptocurrency! It's a pleasure to see this association! Formula 1 ha...

Collaboration with crypto.com on Price Widget Integration

4 Apr 2022 2 minute read 0 comments NULS

NULS, a blockchain infrastructure featured on microservices, is glad to have the prize widget integrated from Crypto.com, with that being done, crypto.com users will be able to obtain the latest news and updates from NULS. Crypto.com Price Page users...