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.

 


"Bring it Stebow" -- The Lazy Ladies are Feisty

27 Jan 2022 1 minute read 2 comments Iam_TCMS

The ladies of the Lazy Horse Race Club (NFTs) on the Cronos network are starting their own #WomeinNFTs space on Twitter, as well as their own blog, written by yours truly. And all the while, egging on the boys. All in good fun of course. And a lot o...

Crypto.com (CRO) Makes Move from January Floor

27 Jan 2022 1 minute read 0 comments FX Empire

Crypto.com Coin (CRO) finds early support after Tuesday’s rally. A move back through to $0.60 levels would bring November’s ATH into play. Crypto.com (CRO) is a crypto platform designed to support the trading of all cryptos and all crypto-related se...

What Happen to... Solana? | And Why Cryptos Like Crypto.com Take The Spotlight of Solana

25 Jan 2022 2 minute read 0 comments Joao16

What is Solana(SOL)? Solana is a crypto-computing platform that aims to achieve high transaction speeds without sacrificing decentralization. Like Ethereum, Solana is both a cryptocurrency and a flexible platform for running decentralized apps (dapps...

What is an NFT? Here's what I think

23 Jan 2022 1 minute read 4 comments LeftFooted

An NFT is essentially just an immutable line of code, it can’t be deleted and it can’t altered. It is registered on a blockchain, a permanent public ledger that anybody can observe but nobody can corrupt. So far, we’ve attached jpeg images to these N...

Lazy Horse Race Club -- Passive Income

23 Jan 2022 1 minute read 2 comments Iam_TCMS

I kept seeing Twitter Spaces for the club show up in my feed. I didn’t know much about the project and admittedly wasn’t initially interested. But many people I followed kept posting the spaces over and over, so I decided to join in. It was Thursday...

Shorts cryptonews for this week 3/52 (2022)

22 Jan 2022 1 minute read 1 comment Pasucaru

- This week, BTC price falls below $35,000 and ETH price falls below $2,500, over $1 billion worth of crypto has been liquidated - Crypto-related job postings on LinkedIn grew 395% in 2021 in the US. (CoinDesk) - South Korea has published a plan to b...

Crypto | This is How To Invest During a Bear Market With CRO.

22 Jan 2022 2 minute read 1 comment Joao16

BITCOOIN IS AT 34K!!!!!! WITH 20% LOSS IN 3 DAYSSSS!!!!!!!!!!   If someone had any doubts now they are over, the bear market is here and right now buying is not an option. Forget about making average cost because in a bear market your average cost wi...

Crypto.com metal card, is it worth it?

21 Jan 2022 1 minute read 1 comment LeftFooted

I still haven't decided whether I like crypto.com or not. So far, I've used their exchange, and I don't really like it; I've used their card, and I kinda like it; and then lastly I've used their NFT platform for a new project I'm working on, and so f...

"Free Mamas" Now Minting! *Update*

20 Jan 2022 1 minute read 2 comments Iam_TCMS

Just an update on the project and experience! As you can see from the thumbnail photo and the one above, I have been updating the brand appearance and have tied it into the upcoming Feminine Mystique collection. Both contribute to the commitment of...

Crypto.com and AFL deal objected by Gambling platform

20 Jan 2022 1 minute read 3 comments Yugocean

     The Australian Football League (AFL) has confirmed a $25m five-year agreement with cryptocurrency firm Crypto.com, making Crypto.com the official cryptocurrency exchange and trading platform for the AFL and AFLW (AFL Women).      The deal has ex...