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CRO
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Crypto.com Coin
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The price Crypto.com Coin today is 0.186654 USD, and the trading volume in 24 hours - 85,510,128 USD. The crypto asset has grown by -9.33% over the day. Currently, the coin’s market capitalization is 4,715,442,558 USD, and has 25,263,013,692 coins in circulation with the max supply of 22,632,155 coins CRO.

What is it Crypto.com Coin (CRO)?

Crypto.com Coin (CRO) is a native cryptocurrency token for Crypto.com Chain - a decentralized open source blockchain developed by the company Crypto.com providing payment, trading and financial services.

Crypto.com Chain is one of the products in the solution line Crypto.com designed to accelerate the global adoption of cryptocurrencies as a means of increasing personal control over money, protecting users ' data, and protecting their identity. The CRO blockchain serves primarily as a tool that supports the mobile payment application Crypto.com Pay.

In the future Crypto.com plans to expand the reach of the CRO platform to use its other products.

Who are the founders of Crypto.com Coin?

Crypto.com Coin was launched by the company Crypto.com as part of her vision to "put cryptocurrency in every wallet". Myself Crypto.com It was founded in 2016 as "Monaco Technologies GmbH" by Chris Marshalek, Rafael Melo, Gary Ohr and Bobby Bao.

Chris Marszalek, a graduate of Adam Mickiewicz University in Poland, was the founder and head of three companies before the project was launched: Starline Polska, a consumer electronics development and manufacturing business, YIYI, a mobile app and geolocation services platform, and BEECRAZY, an e-commerce firm. 

Rafael Melo received a Bachelor of Engineering degree from PUC-Rio. During his more than 15-year career in finance, Melo has worked with major companies in Asia and helped secure over AUD $ 50 million in funding for the social commerce website Ensogo.

Gary Ohr is a software engineer with more than nine years of full-cycle development experience. Before becoming a co-founder Crypto.com Or worked as a platform architect at Ensogo and co-founded the mobile App development company Foris. He received a Bachelor of Engineering degree from the University of Hong Kong.

What makes Crypto.com Coin unique?

The CRO blockchain is mainly focused on providing users with payment, trading and financial services Crypto.com.

CRO owners can place their coins online Crypto.com, to act as a validator and receive a commission for processing transactions on the network. In addition, CRO coins can be used to pay transaction fees on the network Crypto.com.

Within the payment app Crypto.com Pay users can get cashback up to 20% by paying merchants in CRO, and up to 10% by buying gift cards and making peer-to-peer transfers to other users.

When it comes to use cases for trading, the app Crypto.com allows users to earn tokens for selected ads by placing CRO bets.

In addition, users can earn up to 10-12% per annum on their coins Crypto.com by placing them in the app Crypto.com Exchange or Visa Card Crypto.com.

In general, CRO acts as a tool that supports the pursuit of Crypto.com increase the spread of cryptocurrencies on a global scale. Thus, the company is constantly working to find and develop new use cases that will allow users to use cryptocurrency to strengthen control over their money and personal data.

How many CRO coins are in circulation?

The total volume of CRO is limited to 100 billion coins, all of which were created when the blockchain was launched, making it a non-mining cryptocurrency. Crypto.com did not rely on pre-sales, public sales, or initial coin offerings (ICOs). Instead, the coins will only be distributed through secondary distribution.

The total volume of CRO is aimed at five different goals:

  1. 30% - incentives for secondary distribution and launch (issued in batches daily for five years from November 14, 2018);
  2. 20% - capital reserve (frozen until November 7, 2022);
  3. 20% - long-term network incentive programs (frozen until November 7, 2022);
  4. 20% - ecosystem grants (frozen until the network is launched Crypto.com Chain Mainnet);
  5. 10% - community development.

How the network is protected Crypto.com?

CRO is built on the Ethereum blockchain in accordance with the ERC-20 compatibility standard, which means that its network is protected by the Ethash function.

Summary

  • To own your crypto assets, you need to manage your own private keys.
  • Ledger hardware wallets make private key management easy and secure.
  • Each unique 24-word recovery phrase creates a new set of private keys.
  • Make sure you secure your 24-word recovery phrase properly.
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