Crypto.com Coin

Cronos - the Ethereum challenger in DeFi with big plans for the developer community

CRO was originally an Ethereum-based utility token from crypto.com. When the platform rebranded from Monaco to crypto.com in 2018, the token represented an important user engagement tool. The dependence on Ethereum and its associated fees was disrupted by creating the platform's chains. On the one hand, there is the crypto.com Chain, which features the regular transactions. On the other hand, the Cronos Mainnet was launched in November 2021, which is strongly aimed at developers. The crypto.com token was given a new coat of paint as "Cronos" and runs on that blockchain from now on. However, it will still be used for payments, trading and services such as loans. Users can stake the token, pay fees with it and participate in numerous offers on crypto.com. Developers can create applications on the Cronos Blockchain in the areas of DeFi, GameFi, NFT, Metaverse and beyond. Extensive documentation and technical offers make this attractive. The crypto.com ecosystem has an established community of 10 million users. Even though the mainnet is still young, analysts already observed a strong growth of Cronos apps. Developers also have the opportunity to get funding through a $100 million fund from Particle B specifically for the Cronos ecosystem.

Alleinstellungsmerkmale von Cronos

• Lower fees
• More environmentally friendly according to the platform, due to the use of Proof of Authority
• Higher number of transactions than on the Ethereum Chain
• Own CRC-20 tokens can be created

Cronos: Technische Besonderheiten

• Proof of Authority
• Built on Ethermint
• EVM compatible, facilitates portability of Ethereum-based apps and smart contracts
• Interoperability with crypto.com and other chains, leveraging the Inter Blockchain Communications protocol (IBC)
• Cosmos software development kit for app development

Historie, Entwicklung und aktueller Stand

• November 8, 2021: Cronos Mainnet Beta launches
• February 18, 2022: rebranding to Cronos ($CRO) from crypto.com token ($CRO)

Cronos Kritik

It should be considered that crypto.com has built up an extremely efficient marketing machine. Well-known ambassadors like Matt Damon or the renaming of the Staples Center to crypto.com Arena have their effect. Nevertheless, it remains to be seen how specifically the investment in the developer community will pay off.

Cronos Prognose

A lot of marketing budget flows into promoting the platform..The question is whether the Cronos Chain can deliver on its promises. 

A decisive factor will be measurable by how much the community outside the crypto.com world will use the Cronos offerings. With many other currencies, it has been shown that success lasts when it radiates beyond the platform borders.

Nutzen des Tokens

The token got its start as a utility token from crypto.com, which originally launched in 2016 as Monaco. In 2022, crypto.com converted the token into the Cronos Chain currency.

Cronos will retain its central role in the crypto.com ecosystem, even though the Cronos Chain is mainly targeted at developers.