Crypto.com Coin (CRO)
- Category: Central Exchange Token
- Coin Launched: July, 2019
- Resources: White Paper
- Official Website: Crypto.com Coin
- Reddit: Crypto.com Coin
About Crypto.com Coin
Crypto.com is a all-in-one cryptocurrency platform for consumers offering services such as exchange, wallet, brokerage, debit cards, borrow/lend, payments, and DeFi.
CRO History / Information / Buying / Staking
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CRO HISTORY
Crypto.com started in 2016, and ran a successful ICO in 2017 where they launched their now discontinued MCO token. It now appears that Crypto.com has a broader goal of accelerating mass adoption of cryptocurrency. They are focusing on enabling cryptocurrency payments around the world. A large emphasis has been placed on the interaction between the customer and the merchants. Crypto.com gives the ability for both the customer and the merchant to choose the currency they pay and get paid in.
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HOW CRO WORKS
Cro is running on a Proof of Authority (PoA) consensus algorithm and is powered by Ethermint - a PoS chain interoperable with Ethereum. It aims to massively scale the Chain DeFi ecosystem, by allowing developers to rapidly port apps & smart contracts from Ethereum and other EVM-compatible chains.
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BENEFITS OF USING CRO
Some of the benefits of using CRO are:
Opt-in to syndicate event where various cryptocurrencies can be bought at 50% off
High APY interest for staking on exchange
Discounts on exchange fees
Holding a certain number of CRO offers perks like higher interest rates for staking
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CAN YOU STAKE CRO
Staking is available on Crypto.com, you are locking up from 0 - 500 000 USD amount of CRO for a minimum of 6 months (180 days). You are unable to unstake this amount of CRO until the 6 month period is over. However, you will be able to earn some benefits while your CRO is being staked.
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