MetaMask, <strong>Nabox<\/strong>, <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//binance-wallet-review/">Binance Wallet<\/strong><\/a>, <strong>ImToken<\/strong>, <strong>and<\/strong> <strong>MathWallet<\/strong>.<\/p>\r\n<p>You can check out the Cronos price and other statistics on the graph above.<\/p>\r\n<h2>What is Cronos Chain?<\/h2>\r\n<p>Cronos Chain is an <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-ethereum-virtual-machine-evm/">EVM (Ethereum Virtual Machine)<\/strong><\/a> compatible blockchain launched by Crypto.org in November of 2021. It runs alongside the <strong>Crypto.org Chain.<\/strong><\/p>\r\n<p>Initially, it was powered by the Crypto.org Coin (CRO) which is now known as the Cronos token. This new token name went live in February of 2022.<\/p>\r\n<p>Besides EVM compatibility, Cronos Chain comes with an integrated <strong>Inter-Blockchain Communication Protocol.<\/strong> These two features ensure that all dApps running on the Ethereum blockchain and Cosmos can be seamlessly transferred onto the Cronos Chain. In other words, this means that Cronos Chain is the first blockchain that’s interoperable with Ethereum and Cosmos.<\/p>\r\n<p>Moreover, it operates using a <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-proof-of-authority-poa/">Proof-of-Authority (PoA)<\/strong><\/a> consensus algorithm. This type of consensus algorithm provides enhanced security and scalability.<\/p>\r\n<p><strong>The Cosmos SDK framework<\/strong> facilitated the development of Cronos Chain.<\/p>\r\n<p>Since the Cronos Chain is a recent development, it doesn’t power many projects. It’s mainly used for powering payments on the <strong>Crypto.com mobile app.<\/strong><\/p>\r\n<h2>What are the Main Features of Cronos?<\/h2>\r\n<p>One of the core goals of Crypto.com is to facilitate the process of <strong>making cryptocurrency mainstream.<\/strong> Cronos crypto token is powering this vision through 3 scopes of token utility: payments, trade, and financial services provided by Crypto.com.<\/p>\r\n<p>There are many ways for Cronos holders to benefit from this token.<\/p>\r\n<p>Staking Cronos coins can serve as a <strong>source of passive income.<\/strong> Crypo.com provides unique opportunities for earning yield through staking.<\/p>\r\n<p>Firstly, you can simply stake your Cronos tokens on <strong>Crypto.com Exchange.<\/strong> Holding Cronos crypto digital assets enables network participants to become validators. This means that you can also take the role of a validator by staking your tokens and earning a share from the transaction fees.<\/p>\r\n<p>On top of that, Crypto.com provides prepaid cards called <strong>Crypto.com metal Visa Cards.<\/strong> Holders enjoy exclusive benefits and rewards such as discounts, zero fees, rebates, and access to airport lounges.<\/p>\r\n<p>In order to obtain a Crypto.com Visa Card, you must hold Cronos. By staking your Cronos token for a total of 180 days, you will be eligible to apply for a card.<\/p>\r\n<p>Using CRO tokens on the <strong>Crypto.com Pay<\/strong> platform enables you to receive up to 10% in cashback. Additionally, these payments may reward you with Gift Cards from various industries.<\/p>\r\n<p>When making transactions on the Cronos Chain, you can use your CRO tokens to <strong>pay transaction fees.<\/strong><\/p>\r\n<p>As discussed in the \"What is Cronos Chain\" section, EVM compatibility ensures <strong>interoperability with the smart contracts of Ethereum. <\/strong><\/p>\r\n<p>Moreover, Cronos is capable of processing a higher number of transactions than Ethereum.<\/p>\r\n<h2>Who Developed Cronos?<\/h2>\r\n<p>Cronos was launched in late 2018 by a financial services company - <strong>Crypto.com.<\/strong><\/p>\r\n<p>The core team behind Crypto.com is also responsible for launching the Cronos token. It consists of 4 people including the CEO Kris Marszalek, CTO Gary Or, CFO Rafael Melo, and managing director Bobby Bao.<\/p>\r\n<p><strong>Kris Marszalek<\/strong> successfully graduated the Adam Mickiewicz University in Pozna\u0144, Poland. Before the launch of Crypto.com, he co-founded Starline Polska, YIYI, and BEECRAZY. Crypto.com was the first blockchain-based project headed by Kris Marszalek.<\/p>\r\n<p>Co-founder <strong>Gary Or<\/strong> went to the University of Hong Kong and gained a Bachelor’s degree in Computer Science. He worked with Kris Marszalek at BEECRAZY and other software engineering jobs before launching Crypto.com.<\/p>\r\n<p><strong>Rafael Melo<\/strong> went to the Federal University of Minas Gerais for his Bachelor’s degree and the University of North Carolina at Chapel Hill for an MBA. One of his major accomplishments includes securing a significant amount of money for Ensogo funding.<\/p>\r\n<p><strong>Bobby Bao<\/strong> successfully completed his studies at three universities including the University of Melbourne, NYU Stern School of Business, and the College of William & Mary. Prior to starting Crypto.com, Bobby gained experience in the China Renaissance bank.<\/p>\r\n<p>Crypto.com was launched 2 years before Crono, in 2016.<\/p>","url":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/cronos-cro-price","crypto_currency_info":{"id":187,"crypto_currency_id":109,"description":"Cronos (CRO) is a cryptocurrency and operates on the Ethereum platform. Cronos has a current supply of 30,263,013,692 with 25,263,013,692 in circulation. The last known price of Cronos is 0.45842852 USD and is up 4.65 over the last 24 hours. It is currently trading on 129 active market(s) with $80,735,611.78 traded over the last 24 hours. 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