About Cronos (CRO): Powering Crypto.com’s Ecosystem and the Cronos Chain
Cronos (CRO) is the native token of Crypto.com and the Cronos Chain — a blockchain built for DeFi, NFTs, and Web3 apps. Designed for speed, low fees, and Ethereum compatibility, Cronos aims to onboard the next billion crypto users through easy-to-use tools and real-world integrations.
The CRO token fuels transactions, earns staking rewards, and unlocks perks within the Crypto.com ecosystem.
What Is Cronos?
Cronos is a Layer 1 blockchain that allows users to:
- Deploy Ethereum-compatible smart contracts
- Interact with DeFi protocols, NFT apps, and GameFi platforms
- Use CRO for transaction fees and staking
Launched in 2021, Cronos is built using the Cosmos SDK and supports the Ethereum Virtual Machine (EVM), making it easy for developers to port apps from Ethereum.
It’s backed by Crypto.com, a major exchange and fintech company with over 80 million users globally.
Key Features of Cronos
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EVM Compatibility: Developers can migrate or build Ethereum-based dApps on Cronos with minimal friction.
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Fast and Low-Cost Transactions: Cronos offers high throughput and significantly lower fees than Ethereum.
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CRO Utility: Used for gas fees, staking rewards, and earning boosted benefits on the Crypto.com platform.
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Interoperability: Built with the Cosmos SDK and IBC (Inter-Blockchain Communication), enabling cross-chain functionality.
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Strong Ecosystem Backing: Cronos is integrated with Crypto.com’s app, card, exchange, and DeFi wallet — offering a complete user experience.
Cronos and CRO together represent a powerful bridge between centralized crypto services and the decentralized Web3 future.
⭐ More about Cronos’s current market performance, technical trends, fundamentals, and recent developments find on altFINS.
