What is CRO Coin and How Can You Use It?

CRO is the native cryptocurrency (technically a crypto token) of Crypto.com Chain, a blockchain developed by Crypto.com. This token allows users to pay for real-life things with their crypto, converting their crypto into fiat currency (such as British pounds and US dollars) in real time. CRO is built on the Ethereum (ETH) blockchain according to the ERC-20 compatibility standard, which means that its network is secured by the Ethash function. This flexibility allows users from various countries to easily buy crypto with their local currency.

However, several exchanges do not list native tokens on other platforms, so CRO is not as easy to buy as other popular cryptocurrencies. The total supply of CROs is limited to 30 billion coins (after the 70 billion CROs burned in 2020, all of which were created when the blockchain went live, making it a non-minable cryptocurrency. Commissions are capped at 0.40 and decrease with high trading volume or a significant holding of the CRO coin. CRO holders will be able to enjoy benefits such as discounted fees, higher returns on loans and priority services.

Users can trade CROs, be CRO liquidity providers to earn commissions and increase their return up to 20 times by betting CROs. The token nearly quadrupled in value in November, dramatically outperforming the broader crypto market. Crypto.com offers guides and explanations for your crypto questions, the best self-hosted crypto wallet, spend crypto and earn crypto rewards, buy, sell and spend crypto on the world's most trusted crypto exchange, crypto solutions for institutional investors, family offices and businesses, enable users to buy, sell and store crypto, tools and APIs for developers building with crypto. Remember that the cryptocurrency market is volatile and these investments are considered high risk, so only invest money you can afford to lose. Assets are volatile and subject to large price swings due to government actions and news.

Faisal Abdul
Faisal Abdul

Extreme internet specialist. Wannabe twitter junkie. Friendly zombie geek. Freelance twitter buff. Professional student. Passionate tv evangelist.

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