$0.125994

24H %

-2.48%

24H Low

$0.12

24H High

$0.13
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About Crypto.com

Category


Crypto.com Value Proposition


Cronos is an Ethereum Virtual Machine (EVM) compatible chain in the Cosmos ecosystem launched by the cryptocurrency exchange Crypto.com. CRO is a utility token powering the Cronos blockchain.

Previously, CRO was known as Crypto.com token before the company changed the token’s name to cronos in February 2022. Crypto.com is a Singapore-based cryptocurrency exchange that offers a mobile trading application, payment and lending service, and a crypto credit card.

Cronos price

CRO is the native token of Cronos, an open-source, decentralized blockchain developed for settling payments. Although CRO was originally developed as an ERC-20 token, Crypto.com launched its own Cronos blockchain in November 2021 on Cosmos. In addition to being used to settle transactions on Cronos, CRO holders enjoy benefits when using the Crypto.com suite of products, such as discounted fees, higher earnings for lending and priority services.

The Crypto.com ecosystem started out with monaco coin (MCO) as its native cryptocurrency but has shifted toward using CRO coin for all of its in-network functionalities. While MCO was first used to power the Crypto.com trading application, all Crypto.com users were asked to exchange the MRO into CRO on the Crypto.com app by November 2020.

CRO has a maximum total supply of 100 billion coins. The company has allocated the tokens in the following manner:

  • Secondary distribution/launch incentives: 30%
  • Network long-term incentives: 20%
  • Capital reserve: 20%
  • Ecosystem grants: 20%
  • Community development: 10%

The founders of Crypto.com decided to freeze 60% of the total CRO coin supply to ensure the project’s long-term viability. The two respective wallets for the capital reserve and network long-term incentive allocations will remain frozen until November 7, 2022.

In November 2021, CRO hit its all-time high of $0.97 but dropped over the subsequent months. In late January 2022, CRO had fallen to $0.34 but quickly rebounded up to $0.51 before trading between $0.35 and $0.50.

The token is supported on several centralized and decentralized exchanges, including Crypto.com, Coinbase, OKex, Huobi and Uniswap.

How does Cronos work?

The Cronos blockchain runs in the Cosmos ecosystem, which operates using a proof-of-stake consensus mechanism. The token standard on Cronos is CRC-20.

Cronos is also the first Ethereum-compatible blockchain network built on Cosmos SDK technology. Its Inter-Blockchain Communication (IBC) protocol enables interoperability and bridging to the Crypto.org Chain and other IBC-enabled chains (e.g., Cosmos Hub). Cronos was built to link the Cosmos ecosystem and EVM ecosystem.

Key events and management

Crypto.com was founded in 2016 as Monaco Technologies by co-founders Bobby Bao, Gary Or, Kris Marszalek and Rafael Melo. In 2018, the company was renamed to Crypto.com.

  • On November 7, 2021, Crypto.com announced the launch of Cronos’ mainnet beta.
  • In November 2021, it was announced that Crypto.com had acquired the naming rights to the Staples Center for a reported $700 million over 20 years. Effective December 25, 2021, the stadium was renamed the Crypto.com Arena.
  • To support the Cronos ecosystem, blockchain accelerator Particle B announced a $100 million CRO EVM Fund to support projects building on the chain. Particle B will grant up to $1 million per project to at least 100 projects committing to building applications, toolings and infrastructure on Cronos.

Crypto.com Market Cap

$12.60B

Crypto.com 24H Volume

$18.12M


Crypto.com Price

24H Open
$0.129103
24H Change
$-0.003200
52 Week Low
$0.098694
52 Week High
$0.891544
All Time High
$0.965407
Returns (YTD)
-77.42%

Crypto.com Market Stats

Total Supply
100.00B
Max Supply
N/A
24H Value Transacted
$750,924.07
30D Volatility
0.590215
24H Transaction Count
932
24H Average Transaction Fee
N/A

About Crypto.com

Category


Crypto.com Value Proposition


Cronos is an Ethereum Virtual Machine (EVM) compatible chain in the Cosmos ecosystem launched by the cryptocurrency exchange Crypto.com. CRO is a utility token powering the Cronos blockchain.

Previously, CRO was known as Crypto.com token before the company changed the token’s name to cronos in February 2022. Crypto.com is a Singapore-based cryptocurrency exchange that offers a mobile trading application, payment and lending service, and a crypto credit card.

Cronos price

CRO is the native token of Cronos, an open-source, decentralized blockchain developed for settling payments. Although CRO was originally developed as an ERC-20 token, Crypto.com launched its own Cronos blockchain in November 2021 on Cosmos. In addition to being used to settle transactions on Cronos, CRO holders enjoy benefits when using the Crypto.com suite of products, such as discounted fees, higher earnings for lending and priority services.

The Crypto.com ecosystem started out with monaco coin (MCO) as its native cryptocurrency but has shifted toward using CRO coin for all of its in-network functionalities. While MCO was first used to power the Crypto.com trading application, all Crypto.com users were asked to exchange the MRO into CRO on the Crypto.com app by November 2020.

CRO has a maximum total supply of 100 billion coins. The company has allocated the tokens in the following manner:

  • Secondary distribution/launch incentives: 30%
  • Network long-term incentives: 20%
  • Capital reserve: 20%
  • Ecosystem grants: 20%
  • Community development: 10%

The founders of Crypto.com decided to freeze 60% of the total CRO coin supply to ensure the project’s long-term viability. The two respective wallets for the capital reserve and network long-term incentive allocations will remain frozen until November 7, 2022.

In November 2021, CRO hit its all-time high of $0.97 but dropped over the subsequent months. In late January 2022, CRO had fallen to $0.34 but quickly rebounded up to $0.51 before trading between $0.35 and $0.50.

The token is supported on several centralized and decentralized exchanges, including Crypto.com, Coinbase, OKex, Huobi and Uniswap.

How does Cronos work?

The Cronos blockchain runs in the Cosmos ecosystem, which operates using a proof-of-stake consensus mechanism. The token standard on Cronos is CRC-20.

Cronos is also the first Ethereum-compatible blockchain network built on Cosmos SDK technology. Its Inter-Blockchain Communication (IBC) protocol enables interoperability and bridging to the Crypto.org Chain and other IBC-enabled chains (e.g., Cosmos Hub). Cronos was built to link the Cosmos ecosystem and EVM ecosystem.

Key events and management

Crypto.com was founded in 2016 as Monaco Technologies by co-founders Bobby Bao, Gary Or, Kris Marszalek and Rafael Melo. In 2018, the company was renamed to Crypto.com.

  • On November 7, 2021, Crypto.com announced the launch of Cronos’ mainnet beta.
  • In November 2021, it was announced that Crypto.com had acquired the naming rights to the Staples Center for a reported $700 million over 20 years. Effective December 25, 2021, the stadium was renamed the Crypto.com Arena.
  • To support the Cronos ecosystem, blockchain accelerator Particle B announced a $100 million CRO EVM Fund to support projects building on the chain. Particle B will grant up to $1 million per project to at least 100 projects committing to building applications, toolings and infrastructure on Cronos.

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Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups. DCG has no operational input into the selection or duration of CoinDesk content in all its forms.