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When was CRO coin issued? Learn about the origin of CRO coin in one article
Incepted in 2018, CRO coin serves as a native utility token for the Crypto.com platform, offering a range of benefits to users.
Oct 01, 2024 at 07:30 am
CRO Coin: Unraveling Its Origins
1. Inception of CRO Coin:
In November 2018, Crypto.com, a leading cryptocurrency exchange, launched the CRO coin as its native utility token.
2. Initial Coin Offering (ICO):
CRO launched its ICO in November 2018, raising over $250 million in funding. The token sold for $0.05 per CRO at the time.
3. Purpose of CRO Coin:
CRO is designed to provide a range of benefits to Crypto.com users, including:
- Native Exchange Token: Used for trading and exchange operations on the Crypto.com platform.
- Staking and Rewards: Staking CRO earns users additional CRO, trading fees discounts, and other rewards.
- Crypto Visa Card Benefits: Users can stake CRO to upgrade their Crypto Visa Card, unlocking higher rewards and perks.
- NFT Purchasing: CRO can be used to purchase non-fungible tokens (NFTs) on the Crypto.com NFT marketplace.
4. CRO Tokenomics:
CRO has a total supply of 100 billion tokens, with the following distribution:
- 50% Exchange and ecosystem
- 25% Community and growth
- 15% Strategic investors
- 10% Marketing and operations
5. Price History:
CRO's price has fluctuated significantly since its launch. It reached an all-time high of $0.90 in November 2021, driven by the surge in interest in cryptocurrencies. However, the bear market of 2022 caused its price to drop to around $0.10 at the time of writing.
6. Current Use Cases:
CRO continues to be widely used on the Crypto.com platform and beyond. It is accepted as payment for various services, including:
- Purchases at over 25 million merchants worldwide via the Crypto Visa Card
- Subscription services such as Netflix and Spotify
- Gift card redemptions at major retailers
Conclusion:
The CRO coin has come a long way since its humble beginnings in 2018. From its initial purpose as an exchange token to its expansion into a utility token with multiple benefits, CRO has established itself as an integral part of the Crypto.com ecosystem and the broader cryptocurrency market.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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