From the rebranding of the Staples Center in Los Angeles, California to the Crypto.com Arena, through deals to merge Crypto.com with the Los Angeles Lakers and LA Kings, as well as various European soccer teams, Crypto.com has been attracting worldwide attention, to introducing Matt Damon as the face of Crypto.com's latest ad campaign. The purpose of these partnerships is to increase brand awareness and hype for the chain.
The new Crypto.com campaign has cost over $100 million and is set to go live in nearly two dozen countries. Its theme, “Fortune Favors the Brave,” is based on the idea that people achieve greatness by pursuing their dreams. Since launching Fortune Favors the Brave, CRO has captured the imagination of the world.
While the campaign has proven to be a powerful bait for investors, advertising isn't the only one responsible for the relentless rise in the CRO price. Crypto.com may be the leader in crypto marketing, but there is significant content behind its good looks. The company specializes in assets with increasing value, providing you with new investment opportunities that include:
- CROs and NFTs granting you a stake in the platform
- Metal Visa cards with cashback option
- Investment opportunities with interest rates up to 14,5 percent
- DeF protocols that pay interest
- swaps and farming
The next generation public blockchain, Cronos, is built for buyers and merchants to use and accept cryptocurrencies with privacy, security and ease.
The goal of Crypto.com is to “put cryptocurrencies in every wallet.” Since its founding in 2016, the Hong Kong-based network has become a leader in mobile crypto payments. CRO's meteoric rise shows no signs of slowing down and it has become the fastest growing cryptocurrency by market cap.
What is a CRO token?
CRO token is the native token of Crypto.com. As an ERC20 token on the Ethereum blockchain, CRO provides users with access to numerous multi-layered benefits within the Crypto ecosystem, which aims to foster the mass adoption of cryptocurrency. Crypto.com will provide its users with the ability to buy and sell with fiat currency and debit cards, as well as trade, lend and borrow. He also has his own non-custodial wallet.
Crypto.com Coin (CRO) is the native cryptocurrency token of Crypto.com Chain, an open source decentralized blockchain developed by Crypto.com, a payment, trading and financial services company.
Distribution of CRO tokens
The total supply of CRO coins is capped at 30 billion. This happened after 70 billion CRO tokens were burned, which was the largest such incineration in the history of cryptocurrencies. Another 10,4 billion are locked in smart contracts and will be burned monthly as they are unlocked.
The CRO proposal is allocated with 20 percent set aside as capital, 20 percent for long-term network incentives, 10 percent for community development, and 20 percent for ecosystem grants. The final 30 percent will be allocated daily for five years for secondary distribution and launch incentives.
What is the CRO coin used for?
Crypto.com's native token powers the blockchain. Although CRO was originally developed as an ERC20 reward token, it has been ported to the Crypto.com blockchain, Cronos. You can use CRO as an interim currency, or convert crypto to fiat at an affordable rate.
The Crypto.com blockchain is designed to make online crypto payments easier and more accessible and acceptable to everyone. It is optimized for immediate confirmation of payments for maximum scalability. Confirmation takes less than a second on average, and the platform is designed to support about 50 transactions per second.
Transactions per second (GST) is the number of transactions that the blockchain network can process every second, or the number of ...
(TPS) after the testnet implementation is complete.
How does CRO stacking work?
Stacking is a term for locking and protecting cryptocurrencies that are incentivized by interest or rewards. Stacking CRO provides several benefits.
Bets allow new transactions to be added to the blockchain. Users place bets on their coins on the Crypto.com protocol. The more coins a user places, the more likely they are to become a validator who confirms transactions. When a new block of transactions is ready to be added to the blockchain, the users who confirmed it receive a reward, usually newly printed coins. Users do not lose control of their CROs when they place a bet and can also unblock them if they want to trade.
Those betting on the Crypto.com blockchain can benefit in a number of ways, including:
- Access to Crypto.com Visa cards
- Rewards in the form of cashback, refunds and other wallet benefits
- Higher interest rates
New blocks are generated every five to six seconds, which means that rewards are also generated every five to six seconds. Staking rewards depend on user level. For example, the Jade Green tier gets a 10 percent reward, while the Obsidian tier gets a 12 percent reward. Rewards are paid weekly. You don't need to have a minimum CRO amount to bet, and again, you can choose to bet or not to bet at any time.
To place a CRO bet, you need to purchase the CRO with a credit card or fiat wallet. Once you have enough CRO, you can go to the card page via the Crypto.com app. Select the desired Crypto.com Visa Card and follow the instructions on the screen.
You can also increase or increase your stake through the CRO wallet. Just press the button Upgrade and follow the instructions on the screen.
How does the Crypto.com blockchain keep the network safe?
The Crypto.com chain is built on the Ethereum blockchain to ensure ERC20 compatibility. The network is protected by the Ethash feature, which is a proof of work (PoW) algorithm modified from the Dagger-Hashimoto algorithm. Ethash requires a hash value below the threshold to be generated at the exit of the hashing process. The Ethereum network increases or decreases the threshold to ensure that blocks are mined at an appropriate rate.
To maintain security, the Crypto.com network uses a mechanism called threat modeling. This ensures that the network can correctly predict, identify and defend the blockchain against threats using the STRIDE model, which focuses on:
- Spoofing
- Falsification
- Renunciation
- Information
- Denial of service
- Privilege escalation
The CRO blockchain architecture is designed to facilitate mobile payments through a range of specialized features that are achieved through the use of multiple nodes. Each node maintains a separate layer, as described below.
Consul nodes
These nodes manage transactions, validation and settlement, and receive processing fees. Council nodes are rewarded for every transaction they process.
Acquiring nodes
Merchant and customer acquirer nodes provide escrow services, manage settlements for other users, and provide other services and checks related to merchant transactions. They are rewarded based on the amount of each transaction they process.
Settlement agent nodes
These nodes sell CRO tokens for stable currencies and settle their own transactions to provide merchants with access to stable post-settlement price conversion options. Settlement agent nodes receive a flat fee for each fiat payment they process.
Community nodes
Community Hubs help customers and merchants make direct transactions. These nodes also serve as a home base for other users who wish to keep track of various operations.
CRO vs BNB: Which Investment is Better?
Binance Coin (BNB) is one of the leading digital currencies with a $100 billion market cap. Traders can use BNB for staking and/or receive discounts on trading fees while receiving significant discounts on commissions. For investors looking for a relatively safe investment, BNB will continue to be popular.
Crypto.com is a relative newcomer but has a lot of potential including low fees, near instant transactions and dedicated merchant support. Its platform is designed to make cryptocurrencies easy and accessible – even for those who are new to cryptocurrencies. The decentralized nature of the blockchain ensures privacy and security, and various protections work together to greatly reduce the risk of hacking and fraud. In addition, there are credit cards that provide cashback rewards and other incentives. The accessible design of this feature-packed platform is capable of pushing the cost of CRO into the stratosphere.
While BNB and CRO coins are viable investment options, they can be attractive to different investors for different reasons. If you need access to universal cards, cost rewards, impressive interest rates, and low trading fees, Crypto.com might be your best bet.
Сonclusion
Crypto.com blockchain offers payment, trading and investment products that will appeal to a wide range of people. It offers one-stop payment solutions that are designed to be acquired and accepted while providing profitable trading and investment solutions to generate income. This is leading to the creation of a resilient DeFi ecosystem capable of accelerating cryptocurrency adoption globally.
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