Crypto.com Chain
Price Chart and CRO News

About Crypto.com Chain

Cronos (CRO) is the native token of the blockchain developed by CRO Protocol Labs, also known as Crypto.com. This company offers a comprehensive decentralized finance application and exchange. Initially named Monaco, the company rebranded to Crypto.com in 2018 with an ambitious mission to "put crypto in every wallet." The goal is to become a primary provider for all things related to decentralized finance and cryptocurrency.

Services Offered by Crypto.com

Crypto.com provides a wide range of services including cryptocurrency trading via its exchange platform, payment services through an app and a Visa card, decentralized finance options, and non-fungible tokens. However, it's important to note that access to the exchange is not yet available for U.S. residents.

The Evolution from MCO to CRO

The company's original cryptocurrency was called MCO, named after Monaco. After rebranding as CRO ProtocolLabs (Crypto.com), they changed their coin's symbol to CRO. This token is designed for use within its own blockchain infrastructure.

Crypto.org Chain: The Company's Blockchain

Crypto.org Chain is Crypto.com's proprietary blockchain, which operates on a proof-of-stake consensus mechanism called Tendermint. Unlike Ethereum, which is open-source and fully decentralized, Crypto.com has created its own closed-source blockchain with the aim of offering several decentralized financial services under one roof.

The Purpose of Cronos (CRO)

In line with Crypto.com's mission statement, the overarching goal of CRO is to "Accelerate the World's Transition to Cryptocurrency". To achieve this vision, they provide digital financial services using their custom blockchain. Cronos (CRO) serves as a utility token within this ecosystem, facilitating transactions and enabling the smooth operation of the platform.

Sources:

• https://www.investopedia.com/terms/m/monaco-mco-cryptocurrency.asp