Crypto.com Currency (CRO); It is the native digital currency of the decentralized and open source blockchain network “Crypto.com Chain” developed by the financial services company Crypto.com.
Working with the goal of “putting crypto in everyone’s wallet,” the developers launched the CRO coin in late 2018.
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Crypto.com was launched as “Monaco Technologies” by Kris Marszalek, Rafael Melo, Gary Or, and Bobby Bao about two years ago, in June 2016.
Working behind the CRO coin, the Crypto.com Chain blockchain network was created with the goal of giving savers more control over their own money.
By prioritizing the protection of both user data and identity information, Crypto.com is designed to make cryptocurrencies more widespread globally.
CRO, which was used in the mobile payment application called Crypto.com Pay in the early stage, is present on many trading platforms today.
What makes the CRO coin different?
Focusing on providing benefits to users in payment, commercial and financial services within Crypto.com, CRO can also be used for different purposes.
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CRO investors act as validators on the network and receive rewards for processing transfers. CRO also pays transaction fees on the Crypto.com Chain.
In case of paying with CRO in the Crypto.com Pay application, a refund of 20 percent can be obtained. You can get a refund of up to 10 percent when making peer-to-peer (P2P) transfers with other users.
Users who bet CRO tokens through the Crypto.com app can earn passive income.
It is possible to earn interest of up to 10 to 12 percent annually when wagering through the Crypto.com Exchange application or the physical Visa card that Crypto.com offers to users.
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The main objective of the CRO coin is to increase the global prevalence of Crypto.com. In fact, the company; spend time developing new use cases to maximize user control over their money, data, and identities.
Crypto.com coin supply (CRO)
The maximum supply of the CRO coin is set at 100 billion. All of these tokens went into circulation when the blockchain network went live. In other words, the CRO coin cannot be mined.
Crypto.com, which does not organize a private sale process, has made its tokens through secondary distribution channels.
While 30 percent of the total supply is reserved for secondary distribution and start-up incentives, 20 percent is designated as capital reserves and is frozen until November 7, 2022. A supply of the 20 percent for long-term network incentives, not available until November 7, 2022. 20 percent is dedicated to ecosystem grants and 10 percent to community development.
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Built on top of the Ethereum (ETH) blockchain network, the CRO token was developed on the ERC-20 token standard. In other words, the network is protected with the “Ethash” infrastructure.
According to data from CoinMarketCap, the exchanges with the highest CRO trading volume are ranked as OKEx, Crypto.com, and Upbit. The site also lists Felixo as a cryptocurrency exchange that offers trading pairs with the Turkish lira.
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