Crypto.com (CRO)

Cronos (CRO) is the native cryptocurrency of the Crypto.com ecosystem, designed to enhance the platform's suite of financial services and products. Initially launched as an ERC-20 token on the Ethereum blockchain, CRO has since transitioned to its own dedicated blockchain, the Crypto.org Chain, to provide users with a more seamless and efficient experience.

Key Features:

• Transaction Fee Settlement: CRO is used to settle transaction fees on the Crypto.org Chain, facilitating efficient and cost-effective transactions within the ecosystem.
• Staking Rewards: Users can stake CRO to earn annual interest, with rates up to 10% per annum on the Crypto.com Exchange. Staking also grants access to discounted trading fees and participation in events like "The Syndicate," where users can purchase popular cryptocurrencies at a discount.
• Crypto.com Visa Card Benefits: Holding and staking CRO unlocks various tiers of the Crypto.com Visa Card, offering benefits such as cashback rewards (paid in CRO), rebates on subscription services, and access to airport lounges.
• Crypto Earn Program: By staking CRO, users can receive higher interest rates on their crypto deposits through the Crypto Earn program, enabling them to grow their digital assets over time.
• Crypto.com Pay: CRO is integral to Crypto.com Pay, a mobile payment service that allows users to make purchases with cryptocurrency, earning cashback rewards in CRO and facilitating peer-to-peer transfers.
• Deflationary Mechanism: Crypto.com has implemented a token burn strategy, reducing the total supply of CRO to increase scarcity and potentially enhance value for holders.