Cronos PriceCRO

This article will demonstrate to you where this coin came from. We will also try to find out what makes it unique. Here we are also going to explain to you how to buy Digitalcoin, which is commonly referred to as DGC. It will also help you understand how they work. In short, our goal is to provide you with all the information necessary to effectively understand this coin and make a prudent crypto investment.

What is Cronos (CRO)?

Crypto.com presents several products. They include the Cronos Chain. This chain is designed to speed up the worldwide acceptance of cryptocurrencies. This will be done so that there is a better enhancement of the following: 

1. Better power over money
2. Protection of user data
3. Privacy of data 

The main function that the CRO blockchain does is to manage the Crypto.com Pay mobile payments app. Eventually, Crypto.com hopes to extend the CRO platform's reach to the extent that it can empower all its crypto-related products.
 

Origin of Cronos

Crypto.com is the company that created Cronos. The main reason behind its creation was to fulfill a very distinct mission. This goal was to  "place cryptocurrency in every wallet," 

CRO went live in November-December of 2018.

Who Are the Founders of Cronos?

Crypto.com, the company that created Cronos was founded in June 2016 as “Monaco Technologies GmbH”. The founders of this company are Kris Marszalek, Rafael Melo, Gary Or, and Bobby Bao.

All the founders of this digital coin have extensive knowledge and experience in administering and taking care of large businesses in various sectors. In other words, great minds came together to bring this cryptocurrency into being. 

Let us try to understand what kind of experience these founders had before they decided to launch this digital currency : 

1. Kris Marszalek has handled three companies that deal with consumer electronics design and manufacturing before he decided to entrust his attention to this digital currency.   
2. On the other hand, Rafael Melo has more than 15 years of experience in the finance industry. 
3. The third founder Gary Or is a software engineer. He also seems to have spent nine years gaining expertise in the field of full-stack engineering 
4. Before helping launch Crypto.com, Bobby Bao worked as a successful investment banker. 

What Makes Cronos Unique?

Some distinct features are linked to this digital coin which aids it to have a special place in the crypto world. Let us look at these special characteristics one by one: 

• Better Utility

The primary objective of the CRO blockchain is to deliver accessibility to the people relying on Crypto.com's payment, trading, and financial services alternatives.

• Earning Opportunities

The owners of CROs can stake their currencies on the Crypto.com Chain. This carries out the function of a validator and this in turn can help the investor to get fees for handling transactions on the network. Furthermore, CRO coins can be utilized for transaction fees in the Cronos Chain environment.

• Reward Opportunities 

Users can earn cashback of up to 20% within the framework of the Crypto.com Pay payments app if they pay merchants in CRO. Additionally, users may be able to get up to 10% cashback when they acquire gift cards or perform peer-to-peer transfers to other users.

• Token Incentives

The Crypto.com App allows users to win token incentives for certain listings by staking CRO.

• Annual Interest Advantage 

Users have the opportunity to earn annual interest rates ranging from 10 to 12 percent on their Crypto.com Coins by staking them on either the Crypto.com Exchange app or the metal Visa Card provided by Crypto.com.

• Better Adoption Strategies 

In general, CRO serves as something that allows Crypto.com to achieve its target of boosting the number of users that employ cryptocurrencies globally. 

• Constant Technological Advancements

The company is constantly looking to find and formulate new use cases that will allow users to harness the cryptocurrency to further cement the control they hold over their money, data, and identities. This is happening to achieve the goals stated above.

• Follows the ERC-20 Compatibility Standard

CRO has been built on top of the Ethereum (ETH) blockchain. As a result, the Ethash function ensures the security of its network.
 

How Has Cronos Chain Provided CRO With Many Advantages? 

At the time of writing this article, Cronos Chain is one of the largest EVM-compatible chains. It is also one of the chains that is compatible with a range of decentralized apps (dApps), and it has a total value locked (TVL) of a little over $781.86 million. It is the first blockchain that makes it achievable for the Ethereum and Cosmos ecosystems to work together on their activities with one another in real time.

Cronos Chain decentralized applications (dApps) such as VVS Finance, Tectonic Finance, Ferro Protocol, MM Finance, and Single Finance are just a few of those that are supporting the adoption of CRO through the use of it as the main source of payment for trading activities.
 

How Many Cronos (CRO) Coins Are There in Circulation?

As a non-mineable cryptocurrency, CRO has a finite amount of 30 billion coins (after 70 billion were burned in 2021), all of which were generated when the blockchain went live.

How is the Crypto.com Coin Network Secured?

CRO is built on top of Ethereum’s (ETH) blockchain according to the ERC-20 compatibility standard, which means that its network is secured by the Ethash function.

Where Can You Buy Cronos (CRO)?

CRO coins are available at multiple cryptocurrency exchanges, some of which are:

• Bittrex
• OKEx
• Huobi Global

Conclusion

It is important to think about the potential downsides and risk factors of any cryptocurrency before putting your money into it. Cryptocurrency investors face inevitable challenges such as market volatility, unclear regulations, intense competition, etc. 

In the course of composing this post, we considered a lot of perspectives. Similarly, we recommend that you do an extensive study about the crypto world before you make any investment decision.