Crypto.com Coin (CRO) Review

Crypto.com has been making regular headlines within the world of cryptocurrency over the course of the last few years. From sponsoring UFC fighters, to promoting the Crypto.com brand on social media platforms like Facebook and twitter; Crypto.com has solidified itself as one of the biggest names in cryptocurrency. In this piece, we will be taking a look at Crypto.com’s utility coin: CRO.

What is Crypto.com

Crypto.com is one of the most successful cryptocurrency companies to date. They offer a wide variety of products. The most popular of which is undoubtably the Crypto.com Visa debit card. Crypto.com made a name for itself by offering these Visa cards to anyone who signed up for the platform. Furthermore, users of Crypto.com can stake cryptocurrency in order to receive other Visa cards, with better reward programs. The higher end cards offered by Crypto.com are made of metal and come with varying degrees of perks, depending on how much cryptocurrency you are willing to stake.

CRO

The cryptocurrency which users are required to stake for any of the higher end products offered by Crypto.com is CRO. The ticker symbol CRO stands for “Crypto.com Coin.” One of the most interesting things about CRO is that its price action seems to parallel the growth of the Crypto.com customer base.

CRO started out as an ERC-20 token back in 2018, and it had an initial supply of 100 billion. Initially all of these tokens were held by Crypto.com. When CRO was released to the public, there was no ICO, nor was there any presale or public sale. At this point in the history of CRO, it was purely used as a utility token for the Crypto.com network.

On February 22nd, 2021, that changed. Crypto.com announced their plans to burn 70 billion CRO, making the initial CRO burn the largest token burn in history. This burn accounted for almost all of the CRO tokens held by Crypto.com, as it meant 70 percent of the total supply of CRO was abolished. After this burn took place, CRO became far more decentralized.

Crypto.org

Crypto.org was developed by Crypto.com and is designed to be the project that is laying out the roadmap for the future of CRO, as well as the DeFi features that are being developed with it. The following phases of CRO will be released by Crypto.org as follows.

• Phase 1 – Canis Major: On chain NFT support

• Phase 2 – Draco II: Coin insurance and the addition of the Ethereum Virtual Machine

• Phase 3 – Tucana: Decentralized exchange with AMM (based on the Uniswap model)

• Phase 4 – Hydrus I: Smart contracting by CosmWasm, which is an engine that supports multiple programing languages.

• Phase 5 – Carina III: Oracle bridge protocols to achieve full decentralization

Conclusion

CRO’s performance truly shows us how well exchange tokens can perform! CRO and other tokens like it have great potential to become some of the most important assets within the cryptocurrency space! Be sure to check out the Killer Whale Products page to discover which Killer Whale Signals and Strategies are right for you!

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