What is CRO coin used for?

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

Crypto.com Chain is one of the products in Crypto.com’s lineup of solutions constructed to speed up the global adoption of cryptocurrencies as an intends of increasing private control more than money, safeguarding user databases and saving users’ identities. The CRO blockchain represents primarily as a vehicle that powers the Crypto.com Pay mobile payments’ app.

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

CRO ready online in Nov. -Dec. 2018.

The Founders of Crypto.com Coin;

Crypto.com Coin was launched by the Crypto.com firm as a piece of its vision of “putting cryptocurrency in any 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 firms prior to beginning Crypto.com: consumer electronics construct and fabricating Trade Starline Polska, location-based service mobile app and platform YIYI and the e-commerce company BEECRAZY.

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

Gary Or is an application engineer with more than 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 company Foris. He got his bachelor’s degree in engineering, computer science from the University of Hong Kong.

Before assisting open Crypto.com, Bobby Bao worked in the M&A department of the People’s republic of china Renaissance investment bank. Bao has studied at the University of Melbourne, NYU Stern School of Trade and the College of William & Mary.

The perfect provide of CRO is restricted to 100 billion coins, all of which were generated when the blockchain went live — fabrication it non-mineable cryptocurrency. Crypto.com did not rely on pre-sales, public-sales or an initial coin offering (ICO) — instead, the coins will only be distributed via secondary distribution.

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 Nov. 14th, 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.

Update mined: around 25,263,013,692 CRO

The unique of CRO Coin;

CRO blockchain is largely focused on supplying 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 win fees for processing transactions on the network. Additionally, CRO coins can be utilized 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 buying present cards and fabrication peer-to-peer transfers to other users.

When it comes to trading use cases, the Crypto.com App lets users win token rewards to choose listings by staking CRO.

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

Overall, CRO behaves as an instrument that powers Crypto.com’s guide to enhance the adoption of cryptocurrencies on a global scale. As such, the firm is continuously working on finding and developing new use cases that will consent users to leverage the cryptocurrency to make better the control they have more than their money, information and identities.

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Declamation: I had hold CRO