CRO meaning in Cryptocurrency ?

Answer:

What Is Crypto.com Coin [CRO]?

Crypto.com Coin (CRO) is the native cryptocurrency token of Crypto.com Chain — a decentralized, open-source blockchain developed by the Crypto.com payment, trading and financial services company.

Crypto.com Chain is one of the products in Crypto.com’s lineup of solutions designed to accelerate the global adoption of cryptocurrencies as a means of increasing personal control over money, safeguarding user data and protecting users’ identities. The CRO blockchain serves primarily as a vehicle that powers the Crypto.com Pay mobile payments app.

In the future, Crypto.com plans to expand the reach of the CRO platform to power its other products as well.

CRO went live in November-December 2018.

Who Are the Founders of Crypto.com Coin?

Crypto.com Coin was launched by the Crypto.com company as part of its vision of “putting cryptocurrency in every wallet.” Crypto.com itself was founded in June 2016 as “Monaco Technologies GmbH” by Kris Marszalek, Rafael Melo, Gary Or and Bobby Bao.

Kris Marszalek, an alum of the Polish Adam Mickiewicz University, has founded and headed three companies prior to starting Crypto.com: consumer electronics design and manufacturing business Starline Polska, location-based service mobile app and platform YIYI and the e-commerce firm BEECRAZY.

Rafael Melo earned his bachelor’s degree in engineering from the PUC-Rio. Over his more than 15-year-long career in finance, Melo has worked with major companies in Asia and helped secure over 50 million AUD in funding for the Ensogo social commerce website.

Gary Or is a software engineer with over nine years of fullstack engineering experience. Prior to co-founding Crypto.com, Or worked as platform architect at Ensogo and co-founded the mobile app development firm Foris. He received his bachelor’s degree in engineering, computer science from the University of Hong Kong.

Before helping launch Crypto.com, Bobby Bao worked in the M&A department of the China Renaissance investment bank. Bao has studied at the University of Melbourne, NYU Stern School of Business and the College of William & Mary.

What Makes Crypto.com Coin Unique?

CRO blockchain is mainly focused on providing utility to the users of Crypto.com’s payment, trading and financial services solutions.

CRO owners can stake their coins on the Crypto.com Chain to act as a validator and earn fees for processing transactions on the network. Additionally, CRO coins can be used to settle transaction fees on the Crypto.com Chain.

Within the framework of the Crypto.com Pay payments app, users can get cashback of up to 20% by paying merchants in CRO and up to 10% by purchasing gift cards and making peer-to-peer transfers to other users.

When it comes to trading use cases, the Crypto.com App allows users to earn token rewards for select listings by staking CRO.

Additionally, users can earn annual interest of up to 10-12% on their Crypto.com Coins by staking them on either the Crypto.com Exchange app or Crypto.com’s metal Visa Card.

Overall, CRO acts as an instrument that powers Crypto.com’s drive to increase the adoption of cryptocurrencies on a global scale. As such, the company is continuously working on finding and developing new use cases that will allow users to leverage the cryptocurrency to enhance the control they have over their money, data and identities.

Related Pages:

Learn about BNB and HT, two other popular tokens designed to power and incentivize the use of their parent platforms.

Check out CMC Alexandria, CoinMarketCap’s educational portal.

How Many Crypto.com Coin [CRO] Coins Are There in Circulation?

The total supply of CRO is limited to 30 billion coins (following 70 billion CRO burned in 2021), all of which were created when the blockchain went live — making it a non-mineable cryptocurrency.

The total supply of CRO will be allocated for five different purposes:

30% — Secondary distribution and launch incentives - released in batches on a daily basis over five years from November 14, 2018;20% — Capital reserve - frozen until Nov, 7, 2022;20% — Network Long-Term Incentives - frozen until Nov. 7, 2022;20% — Ecosystem grants - frozen until the launch of Crypto.com Chain Mainnet;10% — Community development.How Is the Crypto.com Coin Network Secured?

CRO is built on top of Ethereum’s (ETH) blockchain according to the ERC-20 compatibility standard, which means that its network is secured by the Ethash function.

Where Can You Buy Crypto.com Coin [CRO]?

CRO coins are available at multiple cryptocurrency exchanges, some of which are:

BittrexOKExHuobi Global reference

Full Form	Category
CSU Research Output	Academic & Science
Contract Research Organisation	Academic & Science
Contract Research Organizations	Academic & Science
Cetos Research Organization (Bar Harbor, ME)	Academic & Science
Criterion Reference Objective	Academic & Science
Classes Reunion Organization	Academic & Science
Course Resources Online	Academic & Science
Clock Reference Oscillator (AT&T)	Academic & Science
Component Repair and Overhaul	Academic & Science
Center for Radiation Oncology	Academic & Science
Chromium(II) Oxide	Academic & Science
Container Release Order	Accounts and Finance
Corcoran (ca)	Airport Code
Civilian Repair Organisation	Associations & Organizations
Canceling Returns Only	Business
Consolidated Restaurant Operations	Business
Customer Relationship Optimization	Business
Customer Record Output	Business
Credited Retail Outlet	Business
Carded for Record Only	Business
Chief Research Officer	Business
Creon Resources, P.L.C.	Business
Conversion Rate Optimisation	Business
Costa Rican Outpost	Business
Company Relation Officer	Business
Cognizant Regional Office	Business
Codice di Riferimento dell'Operazione (Italian: bank money transfer)	Business
Certified Radio Operator	Business
Crown Pacific Partners, L. P.	Business
Competitor Relations Officer	Business
Crisis Response Operations	Community
Civil Rights Officer	Community
Character Relationships Objective	Community
Click Rate Optimization	Community
Church-Related Organization	Community
Club Race Officer	Community
Classique Rallye Organisation (French car club)	Community
Creative Roleplaying Organization (live action roleplaying games)	Community
Community Reuse Organization	Community
Community Relations Office	Community
Community Resource Officer	Community
Community Redevelopment Office	Community
Colorado Recorder Orchestra	Community
Cave Rescue Organization	Community
Chrono Revolution Omega	Computing
Conversion Rate Optimization	Computing
Crypto.com Coin	Cryptocurrency
Cathode Ray Oscilloscope	Electronics
Child Restoration Outreach	General
Customer Revenue Optimizer	General
Central Reservations Office	General
Corporate Reservations Office	General
Continuity Recheck Outgoing	General
Corporate Responsibility Officer	General
Chief Recognition Officer	General
Crisis Response Operation	General
Chapter Relations Office	General
Carbapenem Resistant Organisms	General
Complaints Resolution Official	General
Cessation of Regulated Operations	General
Cathode Ray Oscillograph	General
Control Room Operator	General
Chief Regulatory Officers	General
Conversation Rate Optimisation	General
Conversation Rate Optimization	General
Current Ray Oscillator	General
Construction Related Occupation	General
Change of Reporting Official	General
Coloured Roads Only	General
Car Rental Operator	General
Chief Range Officer	General
Cancel Rerouted Overflow	General
Central Reservation Office	Governmental
Counterfeit Resistant Option	Governmental
Criminal Records Office	Governmental
Contract Regulatory Organization	Governmental
Congressional Relations Officer	Governmental
Collection and Recycling Organisation	Governmental
Clinical Research Organization	Governmental
Columbia Recovery Office	Governmental
Community Rehabilitation Orders	Governmental
Combinatoire et Recherche Opérationnelle (French: Combinatorics and Operations Research)	International
Commonwealth Relations Office	International
Customer Relationship Officer	Jobs
Chief Revenue Officer	Jobs
Chief Requisition Offcier	Jobs
Complaint Resolution Official	Jobs
Chief Restructuring Officer	Jobs
Competitor Relations Officers	Jobs
Chief Risk Officer	Jobs
Chief Registration Officer	Jobs
Chief Returning Officer	Jobs
Center Rotate Offset	Maths
Clinical Research Office	Medical
Clinical Research Officer	Medical
Combat Rescue Officer	Military and Defence
Contract Research Organization	Military and Defence
Companies Registration Office	Regional
County Records Office	Regional
Centre Régional de l'Occasion (French: Regional Center of Opportunity)	Regional
Complaints Resolution Officer	Regional
Cave Rescue Organisation	Regional