$ 0.063702 USD
$ 0.063702 USD
$ 4.2149 billion USD
$ 4.2149b USD
$ 43.304 million USD
$ 43.304m USD
$ 405.56 million USD
$ 405.56m USD
26.5715 billion CRO
Issue Time
2018-12-15
Platform pertained to
--
Current price
$0.063702USD
Market Cap
$4.2149bUSD
Volume of Transaction
24h
$43.304mUSD
Circulating supply
26.5715bCRO
Volume of Transaction
7d
$405.56mUSD
Change
24h
-1.59%
Number of Markets
231
Current Rate0
0.00USD
3H
-3.44%
1D
-1.59%
1W
-5.64%
1M
-39.37%
1Y
-92.12%
All
-36.18%
Aspect | Information |
---|---|
Short Name | CRO |
Full Name | Crypto.com Coin |
Founded Year | 2016 |
Main Founders | Kris Marszalek, Rafael Melo, Gary Or, Bobby Bao |
Support Exchanges | Binance, OKEx, Huobi Global, BitZ, FTX, etc. |
Storage Wallet | Crypto.com Wallet, Trust Wallet, Ledger, etc. |
CRO, also known as Crypto.com Coin, is a cryptocurrency that was founded in 2016. The main individuals behind its establishment were Kris Marszalek, Rafael Melo, Gary Or, and Bobby Bao. The coin can be traded on multiple exchange platforms, some of the notable ones being Binance, OKEx, Huobi Global, BitZ, and FTX. For storage, various wallet options are compatible with CRO, including the Crypto.com Wallet, Trust Wallet, and Ledger.
Pros | Cons |
---|---|
Wide acceptance on major exchanges | Dependent on the success of the Crypto.com platform |
Offers staking benefits | Regulatory risks |
Compatible with multiple wallets | Performance can be affected by market volatility |
Backed by a strong founding team | Competition from other cryptocurrencies |
Pros:
1. Wide acceptance on major exchanges: Being listed and accepted on major cryptocurrency exchanges such as Binance, OKEx, and Huobi Global, among others, creates liquidity for CRO. This makes it easier for users to buy and sell the token, thus making it more accessible.
2. Offers staking benefits: Another advantage of CRO is that it offers staking benefits. In essence, when users hold and stake their CRO tokens, they can earn additional tokens as rewards. This provides an incentive for users to retain their tokens, potentially enhancing token demand and price stability.
3. Compatible with multiple wallets: The CRO token can be stored in a variety of crypto wallets, including Crypto.com Wallet, Trust Wallet, and Ledger. Compatibility with various wallets broadens its user base, as potential investors or users can choose from a range of wallet options based on their preferences or needs.
4. Backed by a strong founding team: A strong founding team often increases investor confidence. With accomplished founders like Kris Marszalek, Rafael Melo, Gary Or, and Bobby Bao leading the way, some may view CRO as a more reputable and stable investment.
Cons:
1. Dependent on the success of the Crypto.com platform: As the native token of the Crypto.com platform, the success and adoption of CRO token is heavily dependent on the platform's success.
2. Regulatory risks: As with any cryptocurrency, CRO faces potential regulatory risks. Regulations impact the acceptance and adoption of cryptocurrencies and can affect their value.
3. Performance can be affected by market volatility: Like other cryptocurrencies, the value of CRO is subject to market trends and can be highly volatile. This may lead to significant fluctuations in token value, which could represent a risk for short term investors.
4. Competition from other cryptocurrencies: There is stiff competition in the crypto space. CRO competes with numerous other cryptocurrencies for market share, and its success can be affected by how well it stands out or performs against these competitors.
Crypto.com Coin (CRO) has several distinct characteristics that differentiate it from other cryptocurrencies.
1. Native to Crypto.com Chain: Unlike many cryptocurrencies that are designed as a general-purpose store of value, exchange medium or an investment instrument, CRO is the native cryptocurrency to the Crypto.com Chain. The operations of the entire Crypto.com ecosystem can influence its value and utility significantly.
2. Staking Benefits: Not all cryptocurrencies offer staking benefits, but CRO does. When CRO holders stake their tokens, they can receive additional tokens as rewards which can incentivize token retention and potentially improve price stability.
3. Concrete Use Cases: CRO is used within the Crypto.com ecosystem for multiple purposes such as transaction fees, staking benefits, and access to a range of products and services on the Crypto.com platform. Thus, it is closely tied to a platform with concrete use cases and this can bring practical value to the token.
4. Interoperability: In the spirit of maintaining an open and permissionless network, Crypto.com Chain is designed to support interoperable transactions with different cryptocurrencies. This means that users can transfer and receive payments across different blockchains, which isn't possible with all cryptocurrencies.
Please note, while these are possible innovations and differentiating factors of CRO, like every cryptocurrency, CRO also has potential risks and challenges associated with it, such as dependency on the success of the Crypto.com platform, regulatory uncertainties, and market volatility.
The total supply of CRO is 30 billion tokens. As of September, 2023, the circulating supply of CRO is 25,263,013,692 tokens. This means that about 84% of the total supply of CRO is currently in circulation.
The circulating supply of CRO is constantly changing as new tokens are released and as tokens are burned. New CRO tokens are released through a variety of mechanisms, including:
Staking rewards: CRO holders can stake their tokens to earn rewards. Staking helps to secure the Cronos network and rewards holders for their contribution.
Transaction fees: A small amount of CRO is burned for each transaction on the Cronos network. This helps to reduce the overall supply of CRO and can help to increase the value of the remaining tokens.
Airdrops: The Cronos team has occasionally airdropped CRO tokens to holders of other cryptocurrencies. This is a way to promote the Cronos ecosystem and attract new users.
The circulating supply of CRO is also affected by the following factors:
Token burns: The Cronos team has burned a portion of the CRO supply. Token burning reduces the total supply of tokens and can help to increase the value of the remaining tokens.
Token vesting: Some of the CRO tokens are held in reserve by the Cronos team or by early investors. These tokens are vested, meaning that they are gradually released over a period of time. Vesting helps to prevent the market from being flooded with tokens and helps to maintain a stable price.
The operational mechanism of Crypto.com Coin (CRO) varies significantly from many traditional cryptocurrencies including Bitcoin.
In contrast to Bitcoin's consensus algorithm, Proof of Work (PoW), which requires miners to solve complex mathematical problems using mining software and hardware, CRO does not utilize a PoW mechanism. Therefore, the concepts of mining software, mining speed, and mining equipment that apply to Bitcoin are not applicable in the context of CRO.
CRO operates on the Crypto.com Chain and its creation process, referred to as 'minting', is conducted via a streamlined protocol called the Delegated Proof of Stake or DPoS consensus algorithm. In this model, token holders delegate their tokens to a limited number of validators, who then confirm transactions and secure the network. This process does not require mining in the traditional sense.
As for as processing times are concerned, because of the streamlined validation process facilitated by DPoS, it is generally expected that block creation and transaction confirmation on the Crypto.com Chain would be faster compared to Bitcoin's ten-minute block time. However, transaction processing times can fluctuate depending on various factors such as network congestion.
Perhaps the most significant distinction is that CRO has closer ties to its parent platform Crypto.com, with increased interoperability among different blockchain networks. This direct connection to a platform with concrete services distinguishes CRO from many other cryptocurrencies.
CRO, or Crypto.com Coin, is supported for purchase on several major cryptocurrency exchanges. Some of the most well-known include VVS Finance, VENO, and Fulcrom. Other exchanges that facilitate the buying and selling of CRO are BitZ and FTX. The availability of CRO on these widely used platforms increases its accessibility for cryptocurrency investors around the world. However, it should be noted that availability can vary depending on the location and regulations of individual investors.
Storing CRO (Crypto.com Coin) requires a digital wallet that supports this specific cryptocurrency.
Users have several wallet options to store their CRO:
1. Crypto.com Wallet: As the official wallet of the platform, it offers an integrated solution for users of Crypto.com. It supports easy transfer of funds within the Crypto.com environment.
2. Trust Wallet: This is a secure and easy-to-use multi-cryptocurrency wallet that supports CRO. It's mobile-based, available on iOS and Android platforms, and allows users to manage their crypto assets.
3. Ledger: A renowned hardware wallet that offers users the ability to safely store their CRO offline, providing extra security against potential online threats.
Choosing a wallet depends on individual needs and the level of security desired. Always ensure that any chosen wallet is from a trusted source and supports CRO before attempting to transfer funds.
Investing in CRO, or any cryptocurrency for that matter, requires a degree of understanding about the cryptocurrency world and its associated risks.
CRO may be suitable for individuals who:
1. Understand the cryptocurrency market: The world of cryptocurrency can be volatile and complex. Those who have a firm understanding of blockchain technology, cryptocurrency operations, and market dynamics might consider investing in CRO.
2. Believe in the Crypto.com platform: As the native token of the Crypto.com platform, CROs value can heavily depend on the overall success of the network. Therefore, individuals who see potential growth in the Crypto.com Chain may be interested in the token.
3. Interested in staking benefits: CRO offers staking benefits, so individuals interested in earning additional tokens as rewards might find CRO appealing.
Those considering buying CRO should bear the following in mind:
1. Research: Before investing or buying the token, its crucial to do thorough research about the crypto project, its use case, the team behind it, and the long-term viability of the Crypto.com platform.
2. Volatility: Like any cryptocurrency, CROs price can be extremely volatile. Investors must be prepared for the possibility of price drops as well as gains.
3. Regulatory risks: The regulatory landscape around cryptocurrencies can also impact the value and acceptance of tokens like CRO. Hence, it's essential to stay updated with the latest regulatory news and decisions in the crypto world.
4. Due diligence: Finally, one should only invest what they can afford to lose. It can be beneficial to consult with a financial advisor before investing significant amounts.
Always remember that crypto investments involve risk and the above recommendations do not guarantee any kind of return or profit.
Crypto.com Coin, or CRO, is a cryptocurrency tied to the Crypto.com platform and ecosystem. Since its inception in 2016, it has exhibited unique characteristics such as staking benefits, its own wallet and app, and use cases tied to the Crypto.com platform. CRO has found solid footing on some notable exchanges including Binance, OKEx, and Huobi Global, thus increasing its visibility and accessibility to potential investors.
In terms of development prospects, as with any cryptocurrency, it is subject to a numerous range of factors including market trends, user adoption, technological developments along with larger economic shifts and regulatory environment. Therefore, precise prediction of its future is uncertain. Currently, one of CRO's main differentiating factors, and potential for growth, lies in its integration within the Crypto.com platform and its related applications.
As for the question around whether it can provide profits or appreciate in value, it's important to remember that all types of investments including cryptocurrencies come with risks as well as rewards. While CRO has a potential for profit and appreciation due to its ties to the promising Crypto.com platform and offering of staking benefits, its value, like that of all cryptocurrencies, is highly volatile and subject to market uncertainties and risks, including regulatory changes. Therefore, potential investors are encouraged to conduct thorough research and consider their own risk tolerance before investing.
Q: What is the primary function of the Crypto.com Coin (CRO)?
A: CRO's main purpose is to serve as a core component of the Crypto.com platform, facilitating transactions and offering staking benefits for its holders.
Q: Which cryptocurrencies exchanges facilitate the trading of CRO?
A: Exchanges such as VVS Finance, VENO, and Fulcrom, among others, support the trading of CRO.
Q: How can I store my CRO tokens in a secure manner?
A: CRO tokens can be safely held in several crypto wallets, like the Crypto.com Wallet, Trust Wallet, and Ledger.
Q: Can I generate income from staking CRO tokens?
A: Yes, CRO tokens offer staking benefits, with additional tokens given as rewards to users who stake their CRO.
Q: What elements influence the value of the CRO token?
A: CRO's value is heavily affected by the success and adoption of the Crypto.com platform, market volatility, regulatory risks, and competition from other cryptocurrencies.
Q: Is CRO dependable on the performance of Crypto.com platform?
A: Yes, as the native token of Crypto.com, the value and success of CRO are inherently tied to the performance of the Crypto.com platform.
Q: How is CRO generated?
A: CRO tokens aren't mined like traditional cryptocurrencies but are minted using a Delegated Proof of Stake consensus algorithm on the Crypto.com Chain.
Cronos (CRO), the native cryptocurrency token of Cronos Chain developed by Crypto.com, has surged by
2024-03-17 01:43
Our analysis column of crypto assets continues, today we will look at the prices and news of three i
2024-03-16 17:40
Let's delve into the most commonly used cards in the crypto space to find out.
2023-06-14 05:11
Bitcoin and most major altcoins are trading below the 200-day SMA, suggesting that bears are in full control.
2021-12-20 21:36
Avalanche (AVAX) strengthened its case for a potential upside run towards $160 in the coming sessions as it broke out of a classic bullish pattern earlier this week.
2021-12-18 10:30
The decentralized asset management platform noted that its Treasury has more than $45 million and would pursue similar YFI buybacks in the future.
2021-12-17 15:33
Chiron's $50-million fundraiser to back Terra-backed projects has boosted LUNA price.
2021-12-09 15:08
Bitcoin and most major altcoins are attempting a recovery, but they are likely to face strong resistance at higher levels.
2021-12-06 20:20
If BTC holds the $49,000 level, ETH, MATIC, ALGO and EGLD could move higher during Bitcoin’s expected “consolidation phase.”
2021-12-05 22:37
18 ratings