What is Crypto com? CRO Tokenomics explained

Описание: 👉 What is Crypto.com?
Crypto.com is a one-stop shop for all things crypto, founded in 2016.
While on Crypto.com, you can partake in various forms of crypto trading, borrowing, lending, staking, payments, and NFT trading, among other activities.
However, what Crypto.com is most famous for is likely its Visa debit card, which allows you to spend your cryptocurrency like regular cash.
In addition, it also rewards cashback benefits and access to subscription services like Spotify and Amazon Prime for its users.
Crypto.com runs two separate chains within its ecosystem. The Crypto.org chain and the Cronos chain, which both operate differently.

👉 What is CRO token?
CRO is the native token of Crypto.com.
Initially there were 100 billion CRO tokens, which started as an ERC-20 token on the Ethereum blockchain. However in March 2021, Crypto.com got its own blockchains, the Crypto.org chain and Cronos chain.
As this occurred, Crypto.com burned 70 billion CRO tokens from their 76 billion remaining total supply - with the other 24 billion having been bought up by early investors.
This did a few things. First, it gave those lucky enough to have bought in early quite a boost to their return on investment, but it also decentralised the CRO token.
That is because, of Crypto.com’s remaining 6 billion, 5 billion was locked away to act as rewards for network validators, and the final 1 billion was set aside for the network development.

🤓 Read my full article here: https://www.iexplaincrypto.com/crypto...

Timestamps ⏳

00:00 Intro

00:43 What is Crypto.com?

00:59 How does CRO work?

2:20 Smart Contracts on Crypto.com

5:28 CRO Tokenomics

6:34 Conclusion

#CRO #cryptodotcom