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What is Cronos (CRO)?

Cronos basic info

Name:Cronos

Ticker:

CROBuy now

Introduction:

About Cronos

Cronos, previously known as Crypto.com Chain, is an open-source, decentralized blockchain platform designed to support a wide array of decentralized applications, ranging from DeFi and payments to GameFi and NFTs. Since its introduction in 2020, the blockchain has undergone a complex process of rebranding and name changing. Initially named Crypto.com Chain, it was rebranded to Cronos in February 2021.

The chain belongs to Crypto.com and is one of the solutions that the exchange offers to the public. It runs parallel with the Crypto.org Chain, another blockchain belonging to Crypto.com. The relationship between Cronos and Crypto.org Chain is akin to the relationship between BEP-2 Chain and BEP-20 Chain.

Cronos aims to be the foundational infrastructure for an open metaverse, serving the next billion Web3 users and providing them with the ability to experience the full promise of self-custody of their digital assets.

Resources

Whitepaper: https://whitepaper.cronos.org/

Official website: https://crypto.com

How Does Cronos Work?

Cronos is an Ethereum Virtual Machine (EVM) compatible blockchain powered by Ethermint and built with the Cosmos SDK. It supports the Inter-Blockchain Communication (IBC) protocol, allowing for seamless integration and communication between different blockchain ecosystems.

Cronos offers high transaction throughput, fast finality, and low transaction fees. Its Proof of Authority (PoA) consensus mechanism ensures scalable and environment-friendly transaction processing. The platform can deliver faster, cheaper, and carbon-neutral transactions compared to traditional proof-of-work chains.

Cronos uses the Tendermint consensus engine, a Byzantine Fault Tolerant protocol, ensuring instant finality, scalability, and security against malicious behavior. In terms of sustainability, Cronos is more energy-efficient compared to Proof-of-Work networks.

Cronos Labs supports the development of decentralized applications (dApps) in various domains including DeFi, NFTs, Gaming Metaverse, and more. Cronos Play, a suite of developer tools, streamlines the creation of gaming and GameFi applications.

Connectivity and Interoperability.

Cronos emphasizes interoperability, allowing users to transfer tokens from and to other IBC-enabled chains in a decentralized manner. The roadmap includes further enhancements in connectivity and interoperability, making Cronos a hub for cross-chain communication.

What Is CRO Token?

The CRO token is an integral part of the Cronos ecosystem. The initial total supply of CRO was 100 billion, but a lot was burned, so the current total supply of CRO is 30.26 billion. The current circulating supply of CRO is 25.2 billion.

It's used by end-users to pay network transaction fees, and validators collect it in the form of transaction fees. The token plays a vital role in the governance of the Cronos chain, and it's also involved in various ecosystem incentives and rewards.

Cronos validators also hold a dedicated staking token used for governance purposes, separate from the CRO token. This staking token represents their voting power in consensus and other on-chain decisions.

Conclusion

Cronos, with its rich history and evolution from Crypto.com Chain, stands as a testament to innovation and adaptability in the rapidly changing world of decentralized technology. Its focus on scalability, security, sustainability, and interoperability positions it as a key player in the Web3 landscape.

Current price:

$0.1609More price details

All-time high:$0.9698

All-time low:$0.01149

CRO supply and tokenomics

Circulating supply:26,571,560,000 CRO

Total supply:30,000,000,000 CRO

Max supply:0 CRO

Market cap:$4.28B

Fully diluted market cap:$4.83B

Token allocation:

Secondary Distribution and Launch Incentives

30.00%

Capital Reserve

20.00%

Network Long-Term Incentives

20.00%

Ecosystem Grants

20.00%

Community Development

10.00%

Tokenomics:

Uniqueness

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 Crypto.com 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 Cronos Chain.

Within the framework of the Crypto.com Pay payments 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.

Overall, CRO acts as an instrument that powers Crypto.com’s drive to increase the adoption of cryptocurrencies on a global scale. As such, the company is continuously working on finding and developing new use cases that will allow users to leverage the cryptocurrency to enhance the control they have over their money, data and identities.

Token utility

On-Chain Transfers: CRO can be used to pay for gas fees when carrying out transactions on Cronos Chain.

Value Transfer: Holders can stake their CRO to a validator node or provide it to a liquidity pool on-chain, which generates returns for them in the form of additional CRO. Holders can also make CRO transfers to make payments.

Links

Website:https://cronos.org/

Whitepaper:https://whitepaper.cronos.org/

X:https://twitter.com/cronos_chain

GitHub:https://github.com/crypto-org-chain/

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What is the development prospect and future value of CRO?

The market value of CRO currently stands at $4.28B, and its market ranking is #25. The value of CRO is widely recognized by the market. When the bull market comes, the market value of CRO will likely continue to increase.

Moreover, if CRO can play a greater role in practical applications, such as Cronos builders fully leveraging the potential of CRO, partnering with more businesses, and increasing its user base, the long-term value of CRO will be significantly enhanced.

What will the price of CRO be in 2025?

Based on CRO's historical price performance prediction model, the price of CRO is projected to reach $0.01256 in 2025.

What will the price of CRO be in 2030?

In 2030, the CRO price is expected to change by +3.00%. By the end of 2030, the CRO price is projected to reach $0.01718, with a cumulative ROI of -90.98%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of CRO and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

CRO price CRO price prediction CRO news

Is CRO worth investing or holding? How to buy CRO from a crypto exchange?

If you want to buy CRO, the following information may be helpful for your investment decisions:

In the last seven days, the price of CRO has risen by 85.66%, leading to positive returns for most CRO investors. The market is currently optimistic about the price trend of CRO.

It is important to note that the current price of CRO has retreated by -83.41% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether CRO is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in CRO or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of CRO, if you want to buy or sell CRO, you can consider Bitget for your trading needs. The best place to buy CRO is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in Cronos has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Cronos. Here's a step-by-step guide on how to buy Cronos on Bitget.

Buy CRO now Coin buying guide

How to get Cronos through other methods？

Using cash to buy Cronos is not the only way to obtain Cronos. If you have the time to spare, you can get Cronos for free.

Learn how to earn Cronos for free through the Learn2Earn promotion.

Earn free Cronos by inviting friends to join Bitget's Assist2Earn promotion.

Receive free Cronos airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to Cronos through Bitget Convert, Bitget Swap, or spot trading.

What is Cronos used for and how to use Cronos?

The use case of Cronos may expand as the crypto market and the project itself develop. Currently, you can use CRO to achieve the following goals:

Arbitrage by trading CRO: Since CRO is a frequently traded cryptocurrency, the price of CRO is always fluctuating. Earn more CRO by buying low and selling high on the exchange. Bitget spot market provides a variety of CRO trading pairs to fully meet your needs.

Earn by staking CRO: You can also generate income through financial management methods such as staking CRO or lending CRO. Bitget Earn offers a variety of financial products designed to help you earn more income from your CRO.

Send or pay CRO: If you want to give CRO to your friends, a charity, or a fundraiser, or you want to pay someone with CRO, you can quickly and easily send CRO to the recipient through their payment address.

You can also go to the official website of the Cronos project to learn more about the use cases of CRO. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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