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.

Fear & Greed Index

Trade Now

Biggest Gainers

ORBR

$0.2811

161.63%

Trade Now
DOGINME

$0.0013

50.92%

Trade Now
SAROS

$0.0832

35.87%

Trade Now
GAME

$0.0040

21.15%

Trade Now
KEYCAT

$0.0058

18.41%

Trade Now
WAL

$0.4848

15.71%

Trade Now

Latest Crypto News

What is a stablecoin?
2025-04-01 06:45:12
Vitalik Buterin Outlines a Comprehensive Security and Efficiency Enhancement Proposal for Ethereum L2s
2025-04-01 06:45:12
The “Free Palestine” Liberation Coin: A Unique Blend of Artistry, Empathy, Activism, and Investment.
2025-04-01 06:40:11
Qubetics (TICS) Presale Is Live, Aiming to Disrupt Web3 Development with QubeCode IDE
2025-04-01 06:40:11
Web3 Technology Summit 2025
2025-04-01 06:35:12
Donald Trump Jr. and Eric Trump Launch Cryptocurrency Mining Company "American Bitcoin"
2025-04-01 06:35:12

Related knowledge

What is Ethereum’s Slashing mechanism and how to punish malicious behavior?

Feb 20,2025 at 03:08am

Key PointsOverview of slashingDifferent types of slashing in EthereumIncentives and consequences of slashingIdentifying and reporting slashed validatorsOngoing discussions and potential improvementsEthereum's Slashing Mechanism: Punishing Malicious BehaviorEthereum's slashing mechanism is an essential tool for ensuring network security and punishing mal...

What is the verifier node of Ethereum and how to become a verifier?

Feb 19,2025 at 06:00pm

The Verifier Node of Ethereum: A Comprehensive GuideKey Points:What is a Verifier Node?How to Become a Verifier NodeResponsibilities and Rewards of a Verifier NodeMinimum Requirements for Becoming a Verifier NodePotential Difficulties in Running a Verifier Node1. What is a Verifier Node?A Verifier Node is an independent entity on the Ethereum network th...

What is Ethereum’s staking, and how to participate and earn money?

Feb 19,2025 at 04:37pm

Key Points:Understanding Ethereum's Staking MechanismSteps to Participate in StakingBenefits and Rewards of StakingSecurity and Risk ConsiderationsTechnical Requirements and Hardware OptionsPotential Challenges and Troubleshooting TipsFAQs on Ethereum StakingWhat is Ethereum's Staking?Proof-of-Stake (PoS) is a consensus mechanism used in blockchain netw...

What is Ethereum’s DAO (Decentralized Autonomous Organization) and how does it work?

Feb 20,2025 at 03:12am

Key PointsDefinition and Structure of a DAOGovernance and Decision-Making in DAOsBenefits and Use Cases of DAOsChallenges and Limitations of DAOsWhat is Ethereum's DAO (Decentralized Autonomous Organization) and How Does It Work?Definition and Structure of a DAOA Decentralized Autonomous Organization (DAO) is an innovative governance and management fram...

What is Ethereum's multi-signature wallet and how to improve security?

Feb 20,2025 at 02:18pm

Key Points:Understanding the Concept of a Multi-Signature WalletBenefits and Drawbacks of Multisig WalletsRequirements for Setting Up a Multisig WalletStep-by-Step Guide to Generating a Multisig WalletImplementing Strategies for Enhanced Security1. Understanding the Concept of a Multi-Signature WalletA multi-signature (multisig) wallet in the Ethereum e...

What is Ethereum's oracle and how to provide data for smart contracts?

Feb 21,2025 at 01:30am

Key Points:Understanding the concept of oracles in EthereumExploring different types of oraclesDetailed guide on how to provide data for smart contractsAddressing potential challenges and considerationsWhat is Ethereum's Oracle?Oracles are crucial components in the Ethereum ecosystem, enabling smart contracts to access real-world data and off-chain even...