Crypto.com is a financial and trading company that was founded in 2016. Its network, the Crypto.com Chain, is a high-performing, decentralized, open-source blockchain that built to enables transaction to be made securely, cost-efficient and easily between customers and merchants. It is regarded as the backbone for Crypto.com Pay.
CRO is the native cryptocurrency for Crypto.com. It is an ERC-20 token, however is moving towards becoming its own token using Tendermint BFT mechanism. CRO has a limited supply of 30 billion coins. It offers utilities across the network, which are;
- Payment: Crypto.com Pay and Visa
- Trading: Crypto.com App and Exchange
- Financial Services: DeFi Offerings, Crypto Earn and Crypto Credit