Real-Time CRO Price Overview
Cronos (CRO) is currently trading at $0.0815**, with a 24-hour trading volume of **$8,276,799. Over the past day, the price has decreased by 1.61%, while showing a 1.02% increase over the last week. The current market capitalization stands at $2,535,699,116, ranking Cronos at #40 in the global cryptocurrency market.
The maximum supply of CRO is capped at 100,000,000,000 tokens, with a circulating supply of 31,115,270,853 tokens. Cronos's current price is 91.60% below its all-time high and 609.46% above its historical low.
All data and prices are updated in real-time to provide accurate market insights.
What Is Cronos?
Cronos (CRO) is the native utility token of the Cronos Chain, a blockchain developed by Crypto.com. Originally known as Crypto.org Coin, it was rebranded to align with the chain's evolution. Cronos aims to accelerate cryptocurrency adoption by integrating digital assets into everyday financial activities.
The token serves multiple purposes, including payments, trading, and financial services. Holding CRO provides benefits such as exclusive discounts, enhanced yield opportunities, and access to specialized financial products. Crypto.com continuously expands these use cases to promote mainstream crypto adoption.
Cronos tokens are supported by various wallets, including MetaMask, Nabox, Binance Wallet, ImToken, and MathWallet. This broad compatibility ensures flexibility for users managing their assets.
Understanding the Cronos Chain
The Cronos Chain is an EVM-compatible blockchain launched by Crypto.org in November 2021. It operates alongside the Crypto.org Chain and uses the Cronos token (CRO) for transactions and network operations. The chain rebranded from Crypto.org Coin to Cronos in February 2022.
A key feature of the Cronos Chain is its integration with the Inter-Blockchain Communication (IBC) protocol. This allows decentralized applications (dApps) from Ethereum and Cosmos ecosystems to migrate seamlessly to Cronos. As a result, Cronos is one of the first blockchains to achieve interoperability between Ethereum and Cosmos.
The network uses a Proof-of-Authority (PoA) consensus algorithm, prioritizing security and scalability. Built with the Cosmos SDK framework, Cronos Chain supports efficient development and deployment of dApps. While relatively new, it primarily facilitates payments within the Crypto.com mobile application.
Key Features of Cronos
Cronos drives cryptocurrency mainstream adoption through three core utilities: payments, trading, and financial services. Holders can benefit from:
- Staking Rewards: Stake CRO tokens on the Crypto.com exchange to earn passive income through transaction fees and yield programs.
- Crypto.com Visa Cards: Users staking CRO for 180 days become eligible for prepaid metal Visa cards, offering perks like discounts, zero fees, cashback, and airport lounge access.
- Cashback and Gift Cards: Using CRO on Crypto.com Pay provides up to 10% cashback and rewards in the form of retail gift cards.
- Transaction Fees: CRO tokens are used to pay for transactions on the Cronos Chain.
- Interoperability: EVM compatibility ensures smooth interaction with Ethereum smart contracts, while handling higher transaction volumes than Ethereum.
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Development Team Behind Cronos
Cronos was developed by Crypto.com, a financial services company founded in 2016. The core team includes:
- Kris Marszalek (CEO): Graduate of Adam Mickiewicz University, Poland. Previously co-founded Starline Polska, YIYI, and BEECRAZY.
- Gary Or (CTO): Computer science graduate from the University of Hong Kong. Former software engineer and collaborator with Marszalek at BEECRAZY.
- Rafael Melo (CFO): Holds a bachelor’s degree from Universidade Federal de Minas Gerais and an MBA from UNC Chapel Hill. Instrumental in securing funding for Crypto.com.
- Bobby Bao (Managing Director): Studied at the University of Melbourne, NYU Stern, and William & Mary. Gained prior experience in investment banking.
Frequently Asked Questions
What Was Cronos's Highest Historical Price?
CRO reached its all-time high of $0.9698 on November 24, 2021.
What Was Cronos's Lowest Historical Price?
The token's lowest price was $0.0115, recorded on December 17, 2018.
How Can I Safely Store CRO Tokens?
CRO is supported by major software and hardware wallets. For enhanced security, consider using non-custodial wallets that allow full control of private keys.
What Exchanges Support Cronos Trading?
CRO is listed on multiple global exchanges. Always choose platforms with strong security measures and liquidity.
Is Cronos a Good Investment?
Like all cryptocurrencies, CRO carries investment risks. Its value depends on market conditions, adoption rates, and ecosystem developments. Conduct thorough research before investing.
How Does Staking Work for Cronos?
Staking CRO tokens on supported platforms lets you earn rewards through network validation and transaction fees. Lock-up periods and yields vary by platform.