Crypto.com Coin (CRO) is the native cryptocurrency token of Crypto.com Chain — a decentralized, open-source blockchain developed by the Crypto.com payment, trading and financial services company.
Crypto.com Chain is one of the products in Crypto.com’s lineup of solutions designed to accelerate the global adoption of cryptocurrencies as a means of increasing personal control over money, safeguarding user data, and protecting users’ identities.
The CRO blockchain serves primarily as a vehicle that powers the Crypto.com Pay mobile payments app. In the future, Crypto.com plans to expand the reach of the CRO platform to power its other products as well.
Crypto.com Chain is the next-generation public blockchain that enables transactions worldwide between people and businesses.
Why Crypto.com Chain
The Chain is built on state-of-the-art blockchain technology and designed to be fault-tolerant.
Instant & Low-Cost
Transactions are instant and deterministic, confirmed with minimal fees.
The Chain is an open-source project and welcomes any validator partners or code contributors.
Starting out under the “Monaco” brand name, the platform claims to have been established with the goal of promoting “the world’s transition to cryptocurrency”. Based on this ambition, the platform was built as an ecosystem of varied blockchain-powered products, all developed and marketed under the MCO brand. In February 2019, this range of products included:
MCO Visa card
Mobile wallet app
Crypto.com (MCO) Token
MCO Crypto Invest services
Visa Cards from Crypto.com
MCO Visa prepaid cards are the flagship products offered by Crypto.com which are designed to combine the features of credit and debit cards with those of cryptocurrencies. The cards began shipping to customers in Singapore in October 2018 as metal cards with the following features:
The basic function of these cards is providing the users with the ability to buy, sell, trade with and spend cryptos in parallel with fiat currencies. For example, in the first series of cards issued in Singapore, the Singapore dollar (SGD) serves as the card’s “basic” currency together with the Bitcoin balance which can be used to top up the SGD via a bank transfer, debit or credit card, or crypto.
Free ATM withdrawals
No annual fees and minimum balance requirements for accounts.
Up to 5% back on all local or overseas spending without required minimum or maximum spending
100% purchase rebate for standard Spotify and Netflix subscription plans
10% back on Airbnb and Expedia
What Makes Crypto.com Coin Unique?
CRO blockchain is mainly focused on providing utility to the users of Crypto.com’s payment, trading and financial services solutions.
CRO owners can stake their coins on the Chain to act as a validator and earn fees for processing transactions on the network. Additionally, CRO coins can be used to settle transaction fees on the Chain.
Within the framework of the Pay payents app, users can get cashback of up to 20% by paying merchants in CRO and up to 10% by purchasing gift cards and making peer-to-peer transfers to other users.
When it comes to trading use cases, the Crypto.com App allows users to earn token rewards for select listings by staking CRO.
Additionally, users can earn annual interest of up to 10-12% on their Crypto.com Coins by staking them on either the Crypto.com Exchange app or Crypto.com’s metal Visa Card.
Throughout the Crossfire battle, there is a series of tasks to be completed and each carries a score. The top 10 participants with the highest scroe will earn additional CRO rewards on top of the task rewards. The total size of the reward pool is up to $ 300,000 USD worth CRO token. Participants are rewarded with CRO upon active participation in different tasks in the Crossfire competition.
How Is the Crypto.com Coin Network Secured?
CRO is built on top of Ethereum’s (ETH) blockchain according to the ERC-20 compatibility standard, which means that its network is secured by the Ethash function.
Where Can You Buy Crypto.com Coin [CRO]?
CRO coins are available at multiple cryptocurrency exchanges, some of which are:
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.