CRO is the core coin of the crypto.com exchange. CRO is meant to compliment the ecosystem by allowing individuals to opt in to a variety of different tiers of benefits within their exchange. Crypto.com uses the same model for their other coin, MCO or Monaco, allowing people to opt into different tiers of crypto VISA debit cards. CRO will eventually live on its own dedicated blockchain, but for the time being (May 2020), CRO is an ERC20 token on the Ethereum Blockchain. Crypto.com is known for incremental, and consistent progress.
Crypto.com has an overarching goal of fueling and accelerating mass adoption by creating a seamless cryptocurrency experience. Their complete offering includes buying and selling with government money, trading (exchange), a VISA debit card, lending and borrowing, automated trading, and a non-custodial wallet. The rest of this review will be focused solely on CRO and its viability as a cryptocurrency.
By: Mrugakshee Palwe | Jun 3, 2020 | Modified Jun 4, 2020
All Time Low : $ 0.01 USD
All Time High : $ 0.15 USD
All Time High: $1,367,473,185
Current: 17,129,223,744 Must be pulled dynamically
Rating: Low (15 – 30 Tx/s)
Reason: The token supply for Crypto.com is capped at 100 billion tokens. This is a high number for any cryptocurrency. The first CRO tokens were airdropped on MCO token holders. Since then, crypto.com has been dispersing CRO tokens to stakers on the crypto.com exchange. Not even a fifth of the tokens are currently in circulation. This gives the CRO token a low disbursement rating.
Reason: Crypto.com has been consistent with their roadmap. Crypto.com has delivered on incremental product releases since their inception in 2016. Crypto.com publishers API documentation for both their payment portal, and their exchange. Most of the documentation and end products are in their early stages which is why we give CRO a medium developer rating.
Reason: CRO is a relatively new coin. The number of exchanges that offer a CRO trading pair is low. Furthermore, outside of staking, and using it for discounts on the crypto.com exchange, there is not much of a use case. Therefore we give CRO a low liquidity rating.
Crypto.com started in 2016, and ran a successful ICO in 2017 where they launched their MCO token. It now appears that crypto.com has a broader goal of accelerating mass adoption of cryptocurrency. They are focusing on enabling cryptocurrency payments around the world. A large emphasis has been placed on the interaction between the customer and the merchants. Crypto.com gives the ability for both the customer and the merchant to choose the currency they pay and get paid in.
CRO formally got started in December of 2018 with an airdrop through the mobile application. The airdrop lasted 6 months, and was locked for an additional year after. CRO started becoming more open to the public with the launch of the crypto.com exchange. Suddenly owners of CRO were able to stake their coins at 20% APY within the exchange. Since the launch of the exchange in 2020, Crypto.com has piled on a range of different incentives for buying, staking, and using CRO. The incentives range from access to their syndicate events, to discounts on the exchange.
There are several advantages of CRO worth mentioning. All the advantages are currently related to the crypto.com exchange, as the core blockchain that will eventually host CRO is not yet live. The first advantage is the 20% APY that users receive for staking the CRO token. The second advantage is by staking your CRO (and earning 20% APY) you also gain access to the crypto.com syndicate events. The syndicate is where crypto.com offers users the ability to purchase cryptocurrencies at a discounted price, usually 50% off. The third advantage is the tiered discounts on trading fees within the exchange. By staking more CRO, you pay less fees.
The disadvantages of CRO have everything to do with its infancy as a project. New projects tend to have low liquidity, limited use case, and incomplete technology. CRO fits these categories. It is too early to tell whether or not CRO will carve out its niche within the broader cryptocurrency market. The biggest disadvantage of CRO is that only one fifth of the total supply is currently in circulation. This creates a lot of uncertainty in the direction of the overall project, and the price of CRO.
CRO is a cryptocurrency created by Hong Kong company Crypto.com. The coin is mostly used within the cryptocurrency exchange offered by Crypto.com.
Crypto.com offers a wide range of cryptocurrency related products mostly centered around payments. Crypto.com makes money by charging transaction fees.
You can lock up CRO in either Crypto Earn, or the crypto.com exchange in order to earn as much as 20% APY on your investment.
CRO is more of a utility token for users of the Crypto.com app or exchange. MCO is an older cryptocurrency that’s currently focused on providing benefits to users of its proprietary VISA card. Learn more by reading our MCO review.