In the rapidly evolving landscape of cryptos, innovative projects continuously emerge, each with a unique vision to reshape the future. One such project that has garnered significant attention is CRO, the native token of Cronos Chain — a decentralized blockchain platform developed by Crypto.com. With its commitment to open-source technology, energy efficiency, and low transaction fees, Cronos Chain stands as a beacon of innovation in the Web3 space. In this blog, we will explore what is CRO, its role within the Cronos ecosystem, and how it is driving the future of Web3, how to buy CRO on the Crypto Exchange App.
What is CRO?
Cronos (CRO), is the native crypto of the Cronos Network. It serves as the fuel that powers various functionalities within the Cronos ecosystem. As an integral part of Crypto.com’s vision, CRO plays a crucial role in unlocking the potential of decentralized finance (DeFi) and GameFi applications. The primary aim of the Cronos Network is to facilitate a seamless, user-friendly environment for developers to build decentralized applications (DApps) that can pave the way for a thriving open metaverse.
How Does CRO Work within the Cronos Ecosystem?
Cronos Chain, being built on the Cosmos Software Development Kit (SDK), leverages the high-speed, energy-efficient Crypto.org Chain. This combination ensures rapid transaction processing and low fees, making it conducive for a diverse range of Web3 applications. One of the key strengths of Cronos Chain lies in its compatibility with the Ethereum Virtual Machine (EVM) and the Inter-Blockchain Communication (IBC) protocol.
This seamless interoperability allows users to import cryptos from various blockchain networks and quickly migrate apps and smart contracts to the Cronos ecosystem. CRO is designed to empower the creator economy by providing utility to users within the Crypto.com ecosystem. CRO holders can participate in staking as validators, earning transaction fees, and enjoying discounted fees within the network.
Tokenomics
Token Name: Cronos
Ticker Name: CRO
Total Supply: 30,263,013,692
Circulating Supply: 25,263,013,692
Conclusion
The Cronos (CRO) token serves as a utility token that powers the Cronos blockchain. CRO is one of a suite of products offered by Crypto.com. These products are designed to expedite the global acceptance of cryptos as a means of enhancing private control of cash and safeguarding user information and identities. In addition to settlement transactions on the CRO chain, users of the CRO token benefit from discounted fees, increased earnings for lending, and priority services when using Crypto.com products.
How to Buy CRO?
To buy CRO coins, follow these steps:
1. Signup with KoinBX.
2. Create a trading account & complete the KYC verification process.
3. Add your bank account.
4. Deposit Fiat to your KoinBX account.
5. Click Buy to start buying CRO with Indian rupees (INR) & CRO with USDT.
How to Sell CRO?
To sell CRO coins, follow these steps:
1. Signup with KoinBX.
2. Complete your KYC verification process.
3. Link your bank account.
4. Click the Sell option to find a buyer for CRO.
Once a buyer is found for CRO, you can start selling CRO with Indian rupees (INR) & Tether (USDT).
To make your CRO trade anywhere, anytime with the great trading experience with KoinBX Android and iOS app and sign in to get 25K SHIB tokens instantly.
