Understanding the CRO tokens and the difference between crypto.org and CRONOS (2024)

FAQs

What is the difference between cronos and cro? ›

Cronos is a blockchain with a native token CRO, designed as a nexus for decentralized finance (DeFi), non-fungible token (NFT), and metaverse projects in the decentralized application (dApp) ecosystem. Cronos's interoperability can connect it to the Ethereum and Cosmos blockchains behind many dApps.

Crypto.org is a proof-of-stake Cosmos chain that is used by Crypto.com as the backbone for payments and other high-throughput transaction processing. CRO is the native token of the Crypto.org chain, where it is referred to as Native CRO.

CRO is the native token of Cronos, an open-source, decentralized blockchain developed for settling payments. Although CRO was originally developed as an ERC-20 token, Crypto.com launched its own Cronos blockchain in November 2021 on Cosmos.

Native CRO is the native currency of the Cronos POS Chain, which enables near-instant CRO transactions with minimal fees. ERC20 CRO tokens are created and hosted on the Ethereum blockchain, where ETH network fees are required to carry out crypto transactions.

Cronos has lower transaction fees than a typical PoW chain thanks to the design architecture and consensus engine. It allows for a higher transaction execution capacity with a lower cost.

The primary function of Cronos Chain within the Crypto.com ecosystem is to provide a scalable and interoperable ecosystem for decentralized finance (DeFi), non-fungible tokens (NFTs), and other decentralized applications (DApps), facilitating faster and cheaper transactions by leveraging blockchain technology.

On 14 November, Marszalek, the firm's CEO, assured users that the exchange was functioning as normal. On June 9, 2023, Crypto.com announced plans to shut down its institutional exchange in the United States by June 21, citing low demand from large financial institutions.

Through the Crypto.com App, you are able to instruct us to handle your crypto on your behalf, but you do not control the private keys to your crypto. What are the benefits? You can easily manage and exchange your cryptocurrencies to fiat currencies without worrying about losing your private keys.

Cronos is an EVM-compatible (Ethereum Virtual Machine) chain powered by Ethermint, built on the Cosmos SDK, which allows rapid porting of apps and smart contracts from Ethereum and EVM-compatible chains. On Cronos, users pay transaction fees in the $CRO cryptocurrency.

CRO has a circulating supply of 26.69B coins and a max supply of 30.00B CRO.

What are the benefits of CRO token? ›

Benefits of Holding and Using CRO Tokens

Holding CRO coins comes with a host of benefits, including discounted fees, increased returns on lending, and priority services. Cardholders with CRO can also enjoy additional advantages like airport lounge access and rewards.

CRO is a multi-network Token supported by Ethereum's ERC20 and Cronos Chain. Click here for more information on Cronos Chain. For additional information regarding Cronos Mainnet, please refer to this article.

Crypto.org is a chain dedicated to fast payment settlements, whereas CRONOS is a fully EVM and IBC compatible blockchain for developers to build and create dApps. Learn more from Ken in the interview, his views on the bear market, and what is to come for CRONOS.

As a partner with Cronos Labs, the developer of the Cronos chain, Crypto.com has built a number of products on Cronos and enables seamless access to projects on the chain.

Chronos, in Greek mythology, is often associated with the concept of time, but he is distinct from Cronus (Kronos), the Titan who was the father of Zeus and other Olympian gods. The confusion between Chronos and Cronus is common due to the similarity in their names.

What is CRO worth right now? CRO is currently worth 0.134267 USD, with a 24-hour trading volume of $11.96M and has seen a percentage change of +0.14% in the last 24 hours.