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What is Cronos? ($CRO)

Jaiya Gill
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What is Cronos? ($CRO)

What is Cronos ($CRO)?

Chronos is the token which powers the Crypto.com ecosystem and the Crypto.com cosmos blockchain. Crypto.com is a exchange where users can buy and sell cryptocurrencies, as well as earn rewards and exclusive experiences by staking Cronos on the Crypto.com platform. The Chronos platform is built on Ethermint, an Ethereum Virtual Machine running on Cosmos.

How does Cronos work in a nutshell?

Chronos has two uses:

  1. Staking for exclusive rewards on the Crypto.com platform such as cashback cards - where users can use cryptocurrencies for payment at point-of-sale systems.
  2. The base currency on the Crypto.com blockchain, where it can be used in the crypto.com DeFi ecosystem or used to pay fees.

Cronos is fully interoperable with the Ethereum blockchain through a bridge - and boasts lower cost per transaction and higher throughput than Ethereum.

Chronos has built a strong community of builders, and is continuing to expand its use cases in tandem with the growth of the crypto.com platform.

Learn more about Cronos

Buy the entire crypto market in a single token.