Cronos is a cryptocurrency that was created by the team at Crypto.com. It is based on the Ethereum blockchain and utilizes the ERC20 token standard. The native currency of Cronos is CRO.
The goal of Cronos is to provide a simple and easy-to-use platform for businesses and individuals to use cryptocurrencies. The company offers a variety of products and services including a prepaid Visa card, merchant processing, a mobile wallet, and more. Cronos also has its own native currency. CRO is used to power the Crypto.com ecosystem and is used as a means of payment for fees, products, and services on the platform. It can also be used to stake and earn rewards in the form of interest or discounts.
The CRO token was launched in 2018. The total supply of CRO is 30 billion tokens. The token is listed on a variety of cryptocurrency exchanges. CRO is a staking currency, which means that holders can earn rewards for participating in the network’s consensus mechanism.