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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.
11 Sep 2019 4 minute read 16 comments Jimmy D
The Company: Formerly Monaco, the now rebranded Crypto.com offers a plethora of cryptocurrency services. Crypto.com has is headquarters in Switzerland and operation offices in both Hong Kong and Singapore. The MCO token sale took place in 2016 an...
3 Sep 2019 3 minute read 0 comments CoinGecko
CoinGecko will be hosting sixteen exciting crypto projects at the upcoming Changelog stage during Invest Asia 2019 happening on 10-11 September 2019. The Changelog stage offers projects the opportunity to share important updates and development roadm...
29 Aug 2019 3 minute read 0 comments CoinGecko
CoinGecko will be hosting sixteen exciting crypto projects at the upcoming Changelog stage during Invest Asia 2019 happening on 10–11 September 2019. The Changelog stage offers projects the opportunity to share important updates and development roadm...
25 Jan 2025 4 minute read 0 comments Lucasgaio
Being a cryptocurrency enthusiast and a Crypto.com customer since 2019, I have always looked for innovative payment solutions that would allow me to make the most of my investments. I have tried many cards over the years, among the most famous are: t...
19 Apr 2023 1 minute read 0 comments dexpartacus
Tutte le ultime Crypto News: Altseason, figuracce di Gensler, CRO, GALA, Folks Finance, Chiliz, KYC e Plan₿.
4 May 2022 1 minute read 0 comments Kyzerd
Hey there Are you still dumping your Cro or consider dumping them? Why not dump them into my NFT's which are on a dumping sale price at the moment;) Have a look at my collection of penguins with integrity Thanks for looking and hopefully buying, or...
23 Feb 2022 1 minute read 0 comments kingscrown
19 Feb 2022 1 minute read 3 comments Fgeletterd
Hi again in my newest news blog, here you have Financieel Geletterd (In English, Financially Literated) Let me explain you what the Supercharger is: The Supercharger is a unique staking mechanism where you can put your leftover Cronos (Crypto.com Cr...
19 Feb 2022 4 minute read 2 comments Fgeletterd
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...
14 Feb 2022 1 minute read 0 comments Rekt
#1: FTX's Larry David through the ages ad #2: Crypto.com's LeBron James ad #3: Coinbase's Screensaver QR Code
