CRO has 3 main functionalities, trading, payment, and financial services.
CRO coin holders will be able to enjoy benefits such as discounted fees, higher earnings for lending, and priority services. Card holders having CRO will also be entitled to additional perks such as airport lounge and rewards. It also has its own blockchain where it acts as a cross-asset intermediary settlement layer using CRO. This has led to an increase in CRO price.
This blockchain is mainly focused on providing utility to the users of Crypto.com’s payment, trading and financial services solutions. CRO owners can stake their coins on the Crypto.com Chain to act as a validator and earn fees for processing transactions on the network. Additionally, CRO coins can be used to settle transaction fees on the Crypto.com Chain. Within the framework of the Crypto.com Pay payments app, users can get cashback of up to 20% by paying merchants in CRO and up to 10% by purchasing gift cards and making peer-to-peer transfers to other users.
CRO is built on top of Ethereum’s (ETH) blockchain according to the ERC-20 compatibility standard, which means that its network is secured by the Ethash function.
The Cronos Mainnet with EVM smart contracts is launching on Oct 19 2021.
Crypto.com has expanded its insurance policy to cover up to $750 million worth of digital assets, offering an additional layer of protection for the platform’s ten million users.
Let us review CRO Price.
CRO Price Prediction
CRO is currently trading just above the support zone of $0.1650. If its stays above this support zone, we could start seeing a move towards $0.1896, $0.2048, $0.2170, $0.2293, $0.2467, $0.2689 and $0.3330. Failure to hold the support at $0.1650 could lead to a drop towards $0.1560 and $0.1458.
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