IN BRIEF
· Cwallet Lists CRO on March 15.
· CRO has rebranded from Crypto.com coin to Cronos.
· CRO use cases, features, and details
Cronos (CRO), the native token of Crypto.com and the Cronos network, has now been listed on Cwallet. Crypto.com is a top Centralized Exchange, boasting over 10 million customers, spread in 90 countries. In November 2021, Crypto.com developers launched the Cronos Mainnet for several utilities on the Cronos network, Crypto.com exchange, and DeFi services.
Despite being available for only a few months, the Cronos network is one of the fastest-growing ecosystems, and this article brings you insights into critical details.
What is Cronos?
Cronos (CRO) is the native token of the Cronos network — A decentralized, open-source EVM compatible sidechain to the Crypto.org chain to allow interoperability to the chain. Cronos network also scales the crypto.org chain by enabling high-speed and low-cost transactions. In addition, the Cronos network facilitates interoperability with IBC-Enabled (Inter-Blockchain Communication Enabled) Chains.
Cronos was initially created as the Crypto.com coin in 2018 but rebranded to Cronos in 2021, with the birth of the Cronos network, reflecting its decentralized nature and wide-range adoption
CRO communities:
Cronos Core Features
· PoA Consensus Mechanism: Transactions on the Cronos network are validated with the PoA consensus mechanism, allowing rapid transactions and easy scalability.
· EVM-Compatibility: Cronos is powered by Ethermint; hence, it easily allows smart contracts or dApps deployed on the Ethereum network or other EVM-Compatible chains.
· Interoperability and Bridging: Cronos network allows interoperability with other IBC-Enabled chains like Cosmos, Terra, Osmosis, Juno, etc.
· Scalability: Being a Layer-0 chain, Cronos helps to solve scalability issues when deploying smart contracts.
CRO Token Information Sheet
· Token Name: Cronos
· Token Symbol: CRO
· Blockchain: Cronos
· Token Type: Utility and Governance
· Circulating Supply: 25,263,013,692 CRO
· Total Supply: 30,263,013,692 CRO
CRO token was launched fairly to the secondary market. No presale or ICO.
You can follow Cronos’s network on Twitter and stay up to date.
CRO Token Use Case
CRO token is used to pay transaction fees on the crypto.org network, Cronos network, and trading fees on the crypto.com exchange. In addition, it is used for governance and staking on the Cronos network and used for DeFi services on crypto.com.
You can now use it on Cwallet to swap it with your favorite tokens, send/ receive tips through social networks and send or grab airdrops with fun games!
All of this with a low transaction fee on the chain!
You can also use Cwallet to check any token price and token info. Simply click on the token name, scroll down and click ‘Price Chart.’ You will see a clear trend of the price like below:
How to receive and store CRO tokens?
You can receive an ERC-20 CRO token using your Cwallet.
Step 1: Simply log in to your Cwallet account
Step 2: Go to CC wallet
Step 3: Search for CRO and select ‘Receive.’
How to buy a CRO token?
You can get CRO tokens from:
CEXs: Coinbase, Huobi, Kucoin, Gate.io, FTX, Bittrex.
DEXs: Uniswap, SushiSwap.
Closing Thoughts
Among tokens created by Centralized Exchanges, it has the second-largest market cap behind BNB (similar use cases with Binance Chain and Binance Smart Chain). Moreover, the CRO token is poised to grow, as it is used for payment and financial services by over 10 million people.
Cool and useful ways to use CRO on CC:
- Exchange it with 200+ tokens.
- By viewing token information and real-time status updates, Cwallet simplifies your life!
- Tip&airdrop on social media: Telegram, Twitter, Discord
Conclusion
We hope you have been updated with important information and insights about our new listing, CRO. So, deposit some CRO tokens today, and share them with your community members with the Cwalll bot. Then, please join our community for more details, questions, and further discussion.
