Crypto.com coin is a cryptocurrency exchange that supports more than 150 currencies and blockchain-related products. Crypto.org Chain is open-source on Github. Crypto.org Chain is the next generation that enables transactions between people and businesses. They offer a token named Crypto com, also known as crypto and CRO. It was initially built using Ethereum’s blockchain.
In the beginning, Crypto.com was called Monaco, and its token was named MCO. But they renamed the cryptocurrency into CRO, as it is known today. CRO is a native token of the Crypto.org blockchain, which made a network of cryptocurrency projects to make traders accept crypto as a real currency.
Nowadays, CRO is an accepted currency for businesses. Users can receive all their payments instantly. CRO is also on DeFi Swap. Crypto.com says it wants to give people the right to their money, data, and identity through decentralization. In 2021 Crypto.com provided updates to CRO token distribution to better decentralize it. If you want to make sure that the CRO token is the right choice for you, check out the rest of the article.
Crypto.com coin Creators
Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo founded crypto.com in 2016 in Hong Kong. Bobby Bao is currently the Head of Corporate Development at Crypto.com. Now It has over 10 million customers in the world.
It is fascinating to know that a researcher named Matt Blaze owned the domain Crypto.com coin in 1993 and sold it to Crypto.com Company for 12 million dollars.
Kris Marszalek was a founder in the tech space (e-commerce, mobile LBS app, consumer electronics) before starting Crypto.com company. He is currently the CEO of this company.
Bobby Bao has a lot of knowledge in investment and corporate development. He studied at the University of Melbourne- NYU Stern and William & Mary University. Right now, he is the head of Corporate Development.
Gary Or has a degree in computer sciences from the University of Hong Kong. Before co-founding this platform, he was a full-stack engineer. Gary used to work as a platform designer. He is the founder of Particle B in this company.
Rafael Melo has a B.A. in Engineering from the University of PUC-Rio. He had worked with many great Asian companies before starting the CRO. He is the CFO of Crypto.com.
How Does CRO Works?
Crypto.com coin token is limited in number. It used to be about 100 billion tokens; however, they have pledged to burn 70 billion CRO leaving about 5.9 billion CRO tokens for Chain validators and allocation to Particle B for the development of the ecosystem. All of those tokens were made after the creation of the blockchain. Therefore no one can mine this currency anymore.
Customers can keep their assets in their online accounts or transfer them into their other addresses, including credit cards.
Crypto.com Coin Strength
Customers can swap CRO. CRO Liquidity Providers lets the users earn fees and boost their yield when they stake CRO by up to 20x.
You can achieve the following advantages by staking CRO on the App:
- Reserve a premium metal Crypto.comcoin Visa card.
- Receive Crypto Wallet Profits like Purchase Rebates, Extra Card Cashback.
- Have better APR in Crypto Credit and Crypto income.
The numbers show that the Crypto.com coin has a promising future with several improvements coming. The most prominent thing about CRO is that the coin’s value has never been so low, which is why it is attractive to traders.