Crypto.com - Cronos (CRO)

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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.

 


BTC, BNB, CRO and ATOM | Chart Analysis | We Have a Long Way To Go | 21 MAR

21 Mar 2022 1 minute read 2 comments Joao16

Bitcoin Analysis BTC got a rejection at 42K which is normal, but he has to hold above EMA56 and above 40K to keep a bigger uptrend. CRO Analysis With BTC rejecting CRO also rejects. This one is holding well above EMA200 and if BTC goes down she cou...

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19 Mar 2022 2 minute read 1 comment Cougarswap Ecosystem

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19 Mar 2022 1 minute read 12 comments Steve Hodl

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17 Mar 2022 3 minute read 0 comments The Crypto Boss

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BTC, BNB, CRO and ATOM | Chart Analysis | 37K Support Has to HOLD | 14 MAR

14 Mar 2022 1 minute read 1 comment Joao16

For more content like this tip me if you can! thank u :)     Bitcoin Analysis Although BTC start the day going up i don't think he is going to hold it, today btc could break 0.78 if that happen he is going down to the biggest support at 30K.   CRO...

LUNA, BNB, CRO and MKR | Chart Analysis | HUGE Rejection AGAIN | 11 MAR

11 Mar 2022 1 minute read 10 comments Joao16

For more content like this tip me if you can! thank u :)     LUNA Analysis Luna is trying very hard to break above 100$ there is a big resistence there, if Luna break it and manage to stay above even more bull market could come to Luna. But be aware...

My Experience With Mad Meerkat Optimizer (Cronos)

11 Mar 2022 2 minute read 1 comment Evangelos Tzortzis

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Elk Finance: How I Transfer Funds Between Most Chains (Including Cronos)

10 Mar 2022 2 minute read 2 comments Evangelos Tzortzis

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Crypto.com (CDC) Exchange Fees and Spreads Compared

8 Mar 2022 1 minute read 11 comments Steve Hodl

Whilst adding some Crypto to my portfolio this week, I noticed some disparities between the different exchanges.  What is more important to you? A good spread or lower fees? What are the factors that make a difference?  Let's take a look at 2 of the...

Quick Way to Add Cronos Network to your MetaMask

6 Mar 2022 1 minute read 2 comments scythenoz

In my earlier article, I have shown you the way to manually add the Cronos Network to your Metamask. For a quicker way to add Cronos Network to your MetaMask, follow the steps below. Go to https://cronoscan.com/ Scroll to the bottom, and click on "A...