What is CRO Crypto? Here’s the explanation

What is CRO Crypto Here's the explanation

global.gerbangindonesia.org – What is CRO Crypto? Here’s the explanation

Cronos (CRO) is the native cryptocurrency token of the Crypto.com Chain. Based on information from Coinmarketcap, Crypto.com Chain is a decentralized open source blockchain developed by payment, trading and financial services company Crypto.com.

Crypto.com Chain is one of the products at Crypto.com from which is designed to accelerate the global adoption of cryptocurrencies as a means to increase personal control over money, safeguard user data, and protect user identities.

The CRO blockchain also functions primarily as the vehicle that powers the Crypto.com Pay mobile payment app. In the future, Crypto.com plans to expand the reach of the CRO platform to power other products as well.

Founder of CRO

Crypto CRO was launched by the company Crypto.com as part of its vision to “put cryptocurrency in every wallet.” Crypto.com was founded in June 2016 as “Monaco Technologies GmbH” by Kris Marszalek, Rafael Melo, Gary Or, and Bobby Bao.

Kris Marszalek, an alumnus of Adam Mickiewicz University in Poland, had founded and led three companies before starting Crypto.com. Rafael Melo earned his engineering degree from PUC-Rio.

Over a 15-year career in finance, Melo has worked with major Asian companies and helped secure over AUD 50 million in funding for the social commerce website Ensogo.

Gary Or is a software engineer with over nine years of fullstack engineering experience. Meanwhile, Bobby Bao previously worked in the M&A department of investment bank China Renaissance. Bao has studied at the University of Melbourne, NYU Stern School of Business, and the College of William & Mary.

Uniqueness and Price

The uniqueness of CRO

Blockchain CRO is primarily focused on providing Crypto.com users with utility for payment solutions, trading and financial services.

CRO owners can stake their coins on the Crypto.com Chain to act as validators and receive fees for processing transactions on the network. In addition, CRO coins can be used to settle transaction fees on the Crypto.com Chain.

Within the framework of the payment application Crypto.com Pay, users can get cashback of up to 20 percent by paying merchants at CRO, and up to 10 percent by purchasing gift cards and making peer-to-peer transfers to other users.

Price CRO

Based on Coinmarketcap data, Wednesday (9/3/2022), the CRO price is IDR 5,857.21 with a 24-hour trading volume of IDR 1,211,681,618,936.

CRO rose 6.39 percent in the last 24 hours. Meanwhile, Coinmarketcap’s current rating is 18 with a market capitalization of IDR 147,970,710,610,398. Until now, there has been a supply circulation of 25,263,013,692 CRO from a maximum supply of 30,263,013,692.


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