Cronos (CRO) has been one of the most consistent performers in the crypto market over the past few years. The project has been growing steadily since its initial token sale in February 2018 and is now one of the top thirty cryptocurrencies by market cap.
The Cronos team has been consistently delivering on their roadmap goals while also launching new products to expand their platform.
Cronos (CRO) Blockchain Overview
The Cronos (CRO) and Crypto.org blockchains are a decentralized, open source peer-to-peer network that runs on the CRO Token. The CRO token can be used to send transactions on the network, and it’s based on the Ethereum blockchain technology. Cronos (CRO) blockchain is built using smart contracts; this helps in tracking data and record keeping across multiple ledgers.
The Cronos (CRO) blockchain is a distributed ledger technology that allows businesses and individuals to track and record transactions in real-time. The blockchain also eliminates the need for third parties, which means there is no intermediary or middleman involved in any transaction. This makes it easier for users to interact with each other without the worry of fraud or theft.
The CRO-SDK Project
Cronos is a blockchain network based on Cosmos SDK technology. The CRO-SDK project (which stands for Cronos Software Development Kit) is an application that allows developers to build applications on top of the Cronos platform.
The SDK allows developers to integrate their existing tools, such as Truffle and Metamask, into the blockchain platform. It also provides a framework for writing custom code.
The CRO-SDK is built on the Ethereum blockchain and is open source; anyone can use it for free. It has been used by multiple companies to develop products in various industries, including fintech and healthcare.
Cronos aims to massively scale the DeFi, GameFi, and overall Web3 user community by providing builders with an instantly-portable way of taking their apps and crypto assets cross-chain while benefiting from low transaction fees, high throughputs, and fast finality.
CRO Token
CRO has been listed on several exchanges since its initial launch in early 2018, and is the native token of the Cronos exchange, formerly known as Crypto.com.
The price of CRO jumped significantly after legalization was announced for Canada in June 2018. At the time of writing (September 2022), it’s hovering around $0.11 per token—a far cry from its all-time high of $0.90 USD but still a decent return for investors who bought at that level or lower.
The Crypto.com token (CRO), formerly known as the Monaco coin (MCO), was rebranded in 2018 to reflect Monaco’s name change to Crypto.com.
CRO is now used as its native token by Crypto.org, a chain created by Crypto.com as an independent offshoot of its main blockchain since March 2021.
In February 2022, the CRO token was rebranded to Cronos as part of its transition into a native token for a growing ecosystem that includes Web3 (or blockchain), non-fungible tokens (NFT), and other solutions that can be built on top of the Crypto.org and Cronos blockchain.
CRO is the native token of Crypto.org and the Cronos chain, which provides an infrastructure for developing blockchain applications and uses staking to ensure network security.
How To Buy And Store CRO Tokens
From the beginning, Crypto.com has used its CRO token to give people discounts and special rewards through its credit card product.
As Crypto.com grew, it added two additional benefits to its ecosystem of crypto-related services: lower trading fees and higher lending rewards.
As CRO began to serve as the main payment method for transactions on the Crypto.org Chain and Cronos blockchains, it retained its use within the Crypto.com system—a currency exchange known for providing cryptocurrency trading solutions in a wide range of countries around the world.
The best way to buy CRO tokens is through the Crypto.com cryptocurrency exchange or Crypto.com App. This online platform and application allows you to purchase cryptocurrencies using your credit card or bank account.
Once you have purchased some CRO tokens, be sure to store them securely. The Crypto.com App is a good option for storing CRO as it allows users to stake their coins, earning extra rewards such as rebates, interest, and extra benefits in return.