Cryptoworld review#5: Cronos (CRO)
According to their website, the vision of Crypto.com is very simple: “Cryptocurrency in Every Wallet™” and their mission is to “accelerate the world’s transition to cryptocurrency”. Crypto.com has more than 70 million users worldwide who are allowed to spend with the Crypto.com Visa Card and get up to 5% back, receiving rewards up to 14.5% on their crypto assets. In addition to being an exchange where it is possible to buy and sell cryptocurrencies, do Margin Trading and Derivatives Trading, Crypto.com offers a series of additional services for its customers: Crypto.com App (Buy and Sell, Metal Visa Cards, Crypto.com Pay, Crypto Earn, Crypto Credit) and DeFi (DeFi Wallet, Browser Extension, Desktop Wallet). Furthermore, the section dedicated to NFTs was launched.
Crypto.com has already signed several agreements with very prestigious partners, including the UFC, the French football club Paris Saint-Germain, Formula 1, FIFA World Cup Qatar 2022 and Philadelphia 76ers. To see all the partnerships and upcoming events, click here.
According to their whitepaper, the total supply is 100,000,000,000 tokens, distributed as follows:
- ecosystem grants: 20,000,000,000 CRO
- airdrop to MCO token Holders and Community Development: 10,000,000,000 CRO
- secondary distribution and launch incentives: 30,000,000,000 CRO
- capital reserve: 20,000,000,000 CRO
- network long-term incentives: 20,000,000,000 CRO
Crypto.com was founded in 2016 by Kris Marszalek, Rafael Melo and Bobby Bao. It is a privately held company with various offices around the world. The most relevant team member is CEO Kris Marszalek.
He is an expert builder of companies that have gone up to $ 100 million in revenue. Former CEO of Ensogo and founder of BEECRAZY (sold for $ 21 million to the iBuy group in 2013), he is passionate about working with great teams on consumer products.
On Twitter, Conor Grogan pointed out a 320,000 ETH transaction on October 21st from Crypto.com to Gate.io. This is obviously a mistake. Marszalek also stated that the next day the 320,000 ETH was returned by Gate.io to Crypto.com.
Regarding the latest FTX events, Kris tweeted today that Crypto.com’s systems are operating normally.
Additionally, on November 10, Kris tweeted that Crypto.com will be publishing its audited proof of reserves. The aim is to ensure users the greatest possible transparency in this delicate moment that the cryptocurrency sector is going through.
Cronos has a position on Coinmarketcap oscillating between the twenty-fifth and thirty-fifth place of the most capitalized coins.
A winner is a dreamer who never gives up.
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Disclaimer: Trading cryptocurrencies carries a high level of risk and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives and your level of experience. Do Your Own Research. All opinions expressed here are owned by the respective writer and should never be considered as financial advice in any form.
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