Cronos or CRO is an ERC-20 token launched by Crypto.com, a company that has a truly noble goal: to make cryptocurrency attractive for as many people as possible and promote its adoption by both individuals and organizations worldwide. The main advantages of using CRO are reaped when staking it to help add new transactions on the blockchain. CRO’s creators stimulate staking by reducing trading fees for Crypto.com users, giving out rewards for staking other cryptocurrencies, providing cashback opportunities and Visa Cards with additional benefits and rewards.
The ambitions of the Crypto.com team have always been strong: since its start in 2016, the company launched an app, exchange, DeFi wallet, started issuing Visa cards, managed to get Matt Damon as its ambassador, launched Crypto.org Chain, and even renamed a stadium after itself — Crypto.com never ceases to impress. It was only natural for the company to realize that most of its products would benefit from adding a utility token. CRO was launched under the name Crypto.com Coin in 2018. Since then CRO changed its name, amassed a long list of functions, and is now being bridged to Cronos, Crypto.org Chain’s successor, which is going through its beta phase and is set to go live in the second quarter of 2022.
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