What is the issue volume of CRO coins? One article to introduce the application scenarios of CRO coins

With a controlled issuance volume, CRO coins fuel the Crypto.com ecosystem through staking, trading fee discounts, and access to exclusive features like the Private Lounge and Syndicate.

Oct 05, 2024 at 09:24 pm

What is the Issue Volume of CRO Coins?

Crypto.com Coin (CRO) is the native token of the Crypto.com platform, a popular cryptocurrency exchange and payment gateway. CRO is used to power the exchange's ecosystem, including staking for rewards, paying for trading fees, and accessing exclusive features.

The total supply of CRO coins is 30 billion, with a circulating supply of approximately 25 billion as of February 2023. The issuance volume of CRO coins is controlled by Crypto.com and is used to fund the exchange's operations and development.

Application Scenarios of CRO Coins

CRO coins have a wide range of application scenarios within the Crypto.com ecosystem, including:

Staking: CRO holders can stake their coins to earn rewards in the form of additional CRO tokens. Staking also provides access to higher trading limits and discounted fees.
Trading Fees: CRO can be used to pay for trading fees on the Crypto.com exchange, offering discounts of up to 50% on trading costs.
Access to Exclusive Features: CRO holders with certain staking requirements gain access to exclusive features, such as the Crypto.com Private Lounge, higher tier rewards, and preferential treatment in customer support.
Crypto.com Card Rewards: CRO can be used to top up the Crypto.com Visa Card, allowing users to earn rewards in CRO on purchases made with the card.
Syndicate and Launchpad: CRO holders can participate in the Crypto.com Syndicate and Launchpad programs to gain access to exclusive token sales and investment opportunities.
Cronos Chain: CRO is the native currency of the Cronos Chain, a blockchain platform developed by Crypto.com. It is used for gas fees, staking, and other transactions on the Cronos Chain.
DeFi: CRO can be used in decentralized finance (DeFi) applications built on the Cronos Chain, such as lending, borrowing, and yield farming.

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