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, CRO, ATOM and RAY | Chart Analysis | Reject Again | 28 FEB

28 Feb 2022 1 minute read 0 comments Joao16

For more content like this tip me if you can! thank u :)     Bitcoin Analysis BTC reject EMA500 yesterday also close below 0.78 of the FIB Retracement but above the previous closes at 37K. Because btc reject I would say that lower prices can come som...

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27 Feb 2022 3 minute read 9 comments Defiant Pathfinder

Since i started investing in Crypto Currencies in 2016 i have heard of Crypto.com now Cronos and i only got to knew about it late last year around August. I got to knew about it when i first Started blogging with Publish0x, i saw their widget on the...

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26 Feb 2022 3 minute read 0 comments Evangelos Tzortzis

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26 Feb 2022 3 minute read 9 comments CryptoMasterMiner

Please allow me to vent a little.  I was very excited when I received an email about Crypto.com's new "Instant Deposit" program back on February 17th.  I had previously been sending bank wire transfers to fund my account which can take a couple of da...

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24 Feb 2022 1 minute read 0 comments Kyzerd

Is your crypto.com app buggy sometimes, meaning it takes a long time before you get prompted to login, or you don't get prompted at all? Here is a quick fix for that issue: - navigate to account and click on transaction history, this will prompt the...

How crypto investors can deal with the current world situation?

24 Feb 2022 4 minute read 11 comments Asmo

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23 Feb 2022 2 minute read 4 comments Evangelos Tzortzis

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Somebody just bought one of my NFTs for $5 and is now selling it for $290,000!

22 Feb 2022 1 minute read 13 comments LeftFooted

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Did i buy CRO (CRONOS) at the wrong time?

22 Feb 2022 1 minute read 20 comments Steve Hodl

I've recently signed up for Crypto.com and taken advantage of the Ruby Red card they have to offer. However, i bought on valentines day for 0,4276 EUR per CRO and with the recent market action, the price of CRO has dropped to 0,30122 EUR. That is a 2...

BTC, FIL and CRO | Chart Analysis |Supports Have Been Broken | 21 FEB

21 Feb 2022 1 minute read 2 comments Joao16

For more content like this tip me if you can! thank u :)     Bitcoin Analysis BTC break again one of the most important supports he had EMA500 (40k), currently is still holding above 0.786 FIB  at 38.5k which can still be a good sign, but will proba...