The Cronos Chain ecosystem has interesting updates every week. Accordingly, Altcoin Buzz covers the updates from the fourth week in July to keep readers informed.
In this week’s article, we cover the Cronos Chain bug bounty program. As well as, Crypto.com CySEC regulatory approval.
1 – Cronos Chain Commences Bug Bounty
Cronos Chain is working with Immunefi to commence its Gravity Bridge Testnet Bug Bounty worth up to $200,000. This also means hackers will get rewards for finding vulnerabilities on the testnet.
Besides, rewards will be according to the level of severity of the threat.
If you are an elite hacker, this is your chance to get paid for identifying potential vulnerabilities on our testnet 🤓
— Cronos (@cronos_chain) July 20, 2022
2 – Crypto.com Receives CySEC Approval
Secondly, renowned cryptocurrency exchange platform Crypto.com now has regulatory approval from the Cyprus Security and Exchange Commission (CySEC).
This is an impressive milestone that boosts Crypto.com’s growth in Europe. It also makes it possible for them to comply with local regulations while offering their products to customers in Cyprus.
We're incredibly excited to achieve another milestone in Europe. We've received approval from CySEC to offer crypto services in Cyprus 🚀🇨🇾
— Crypto.com (@cryptocom) July 22, 2022
3 – Cronos Chain Enters Partnership with Moralis
Thirdly, Cronos is working with Web3 development platform Moralis to launch a metaverse gaming hackathon. Developers can start registering. It’s also a chance for them to get a top opportunity in Web3 game development.
Notably, there is over $100,000 available in prizes. Also, the top three groups will get rewards of $30,000, $20,000, and $10,000 for 1st, 2nd, and 3rd place. There will also be other prizes.
The #Metaverse Gaming Hackathon is coming.
Get ready to unlock your creative confidence and build in #Web3 🤩!@cronos_chain @MoralisWeb3 #CronosChain #Cronos #crofam #CryptoNews #cryptocurrency https://t.co/VOYiHnSXGr
— Cronos News 🪐 (@NewsCronos) July 26, 2022
4 – Top Weekly Gainers on Cronos Chain
Finally, we will cover the top weekly gainers on the Cronos Chain ecosystem. The CoinGecko report is as follows:
- Cronos Football Club ($GOAL), a R2E (Risk-to-Earn) game, has an impressive performance in the top spot. It has a 211.6% gain during the week.
- V3S Share ($VSHARE), a multi algorithmic tokens protocol, also has a top performance in second position. It amassed a 71.4% gain within the week.
- Crodex ($CRX), a decentralized launchpad that offers staking rewards, is third on the list. It has a 57.2% gain within the specified time frame.
- Tectonic ($TONIC), a cross-chain money market, is fourth on the chart. It also has a 44.2% gain within the week.
New week, new green spotlights for the @cronos_chain ecosystem!
Let's celebrate the top gainers on #Cronos in the last 7 days 📊
— Cronos News 🪐 (@NewsCronos) July 25, 2022
$CRO Coin Price Analysis
As of the time of publication, Cronos price was $0.122307 with a 24-hour trading volume of $12,436,576. CRO price also rose by 2.5% over the last 24 hours. Besides, it has a circulating supply of 25.2 billion CRO coins as well as a total supply of 30.2 billion.
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