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CRO Coin is the cryptocurrency of the Crypto.com Chain blockchain network, which was launched in a decentralized and open-source manner by the cryptocurrency exchange called Crypto.com. The Crypto.com Coin powers the Crypto.com Pay ecosystem. CRO Coin is the native coin of Cronos Chain, which is owned by Crypto.com.
Crypto.com was initially founded as Monaco Technologies GmbH in June 2016 by Kris Marszalek, Rafael Melo, Gary Or, and Bobby Bao. Based in Hong Kong, Crypto.com has a team of over 120 people.
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Initially launched as an ERC-20 reward token on the Ethereum network, CRO coin was later moved to the Cronos blockchain network. The purpose of the Cronos network is to enable businesses and individuals to pay for goods and services using CRO coin, stablecoins, and fiat currencies via the Crypto.com wallet application. Crypto.com strengthens redefined financial services to improve users’ lives.
The Crypto.com blockchain is designed to make online crypto payments easier, more affordable, and accessible to everyone. Crypto.com operates as a regular crypto asset exchange and has various fee mechanisms. Users can earn rewards if they stake their assets.
At Crypto.com, users can carry out lending and borrowing transactions with their own funds. Borrowing transactions occur through staking or other crypto assets. The Crypto.com Earn program provides regular transfers to users’ accounts.
Another feature of CRO Coin is its easy customizability, allowing investors to adjust it according to their trading needs and skill levels. This application also offers a user-friendly interface that makes it easy to access various cryptocurrencies.
Crypto.com allows payments using your own crypto assets through its Visa card. While payments can be made with each supported crypto asset, CRO spending is the most rewarding for users.
Users can access mobile applications via iOS, Android, Microsoft, and HarmonyOS.
Besides having its own infrastructure, CRO coin also supports ERC-20 and Cosmos infrastructures. In addition to being available on their own platforms, CRO Coin is listed on other cryptocurrency exchanges such as Gate.io, KuCoin, and Coinbase.