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.

 


Syndicate Report: Maker (MKR)

27 Sep 2020 1 minute read 0 comments Keegan Francis

MKR was sold through the crypto.com syndicate program on September 27/09, 2020. Total Syndicate Contribution CRO: 103,118,048.2 USD: $14,870,653.73 Oversubscription 46.8x Oversubscribed My Syndicate Contribution CRO: 35000 USD: $5,412.02 Refund CRO:...

The new crypto debit card.

23 Sep 2020 1 minute read 0 comments freeclickcash

The new crypto debit card. For a long time having Cryptocurrency, i decide to buy my things with my crypto balance. I listen and read a lot about a new crypto debit card working with your fiat currency and crypto currency.   Crypto debit cards make i...

First interest payout from crypto.com on my XRP deposit

23 Sep 2020 2 minute read 2 comments Bala

It has been over a week since I joined crypto.com. I was introduced by @underground where I used his referral link and received 50$ as my joining gift. I have staked 1000 CRO tokens and in addition to that, I have also invested other tokens as w...

Crypto.com Server Maintenance Complete! *Final Update*

22 Sep 2020 1 minute read 0 comments Mozzie

Since the Crypto.com team was unable to resolve the critical error that their database encountered and reverting the chaos that followed in time. They've been forced to postpone their Maker $MKR Syndicate Event until Thursday, 24 Sept 2020 at 6am UTC...

Crypto.com : After a Bug The ETH Price at 80,000 dollars

22 Sep 2020 1 minute read 1 comment Gamma

During a short period of time the price of ethereum reached $80'000. User funds are safe, but for those lucky enough to sell ETH at this price, any transactions detected as abnormal will be cancelled and portfolio balances restored.   The CEO of Cry...

Crypto.com Surprise 24-48hr Server Maintenance *UPDATE*

21 Sep 2020 1 minute read 6 comments Mozzie

Last night Crypto.com either encountered a critical bug or was hacked, It's been almost a solid 24 hours so far and this is the most recent update we have on the situation. As shown above the Crypto.com App should be functional and may be for some,...

Crypto.com Surprise Temporary 24-48 Server Maintenance!?

21 Sep 2020 1 minute read 9 comments Mozzie

If you're a Crypto.com user you've most likely been aware of the fact that the app and exchange has been down nearly all day. First we were seeing abnormal prices for some coins on the exchange/app, as seen below. 1,000,000 ETH, just what everyone w...

Crypto.com announce new MCO Visa card issuer for the UK & EU

18 Sep 2020 1 minute read 0 comments midnightfalcon72

Hello my crypto friends! Crypto.com have announced that they will be replacing Wirecard with a new Visa card issuer called Payrnet Ltd. The following email was sent out to cardholders in the UK & EU. Wirecard collapsed in June 2020 due to a €1.9bn h...

Let's Simplify Things! Breaking NEWS! New Issuer for Crypto.com cards!

18 Sep 2020 1 minute read 3 comments DrYunani

A warm welcome to another Let’s Simplify Things! post! This will be a news post, which is a first for this blog so... Breaking news. Crypto.com has announced that Payernet Limited will be the new issuer of the Crypto.com cards for E.U. and U.K.. No a...

Compare Binance Card and Crypto.com

17 Sep 2020 1 minute read 0 comments CivMaps

Compare Binance card and Crypto.com by cashback rewards. Today we´ll show you compare of two very popular crypto credit cards. Binance card just arrived to Europe, Crypto.com is available longer. Booth cards are operated by VISA, booth are free ( sub...