Exchange Crypto.Com (CRO)

"CRO" is the ticker symbol for the cryptocurrency called Crypto.com Coin. It is a digital asset that is designed to be used within the Crypto.com ecosystem, which includes a range of products and services such as a cryptocurrency exchange, a mobile wallet app, a debit card that can be loaded with cryptocurrencies, and more.

Crypto.com Coin (CRO) is an ERC-20 token, which means it is built on the Ethereum blockchain. The token is used as a means of payment for various services within the Crypto.com ecosystem, and also serves as a medium of exchange between different cryptocurrencies.

The Crypto.com platform, which includes the Crypto.com Coin (CRO) cryptocurrency, was founded in 2016 by a company called Monaco Technologies GmbH. The company was founded by Kris Marszalek, Rafael Melo, Gary Or and Bobby Bao.

In 2018, Monaco Technologies rebranded itself as Crypto.com and launched its mobile app, which includes a cryptocurrency wallet and a debit card that can be loaded with cryptocurrencies and used to make purchases. The Crypto.com Coin (CRO) was also launched in 2018 as part of the platform's ecosystem.

Since its launch, Crypto.com has become one of the leading cryptocurrency platforms, offering a range of products and services to users around the world. The company is headquartered in Hong Kong and has offices in various countries including the United States, Singapore, and Malta.

Crypto.com offers a range of products and services designed to make it easy for users to buy, sell, and use cryptocurrencies. Here are some of the key features of the Crypto.com ecosystem:

• Cryptocurrency Exchange: Crypto.com offers a cryptocurrency exchange, listing a lot of cryptocurrencies and trading pairs.
• Mobile Wallet: The Crypto.com app includes a mobile wallet that supports a range of cryptocurrencies, and also allows users to buy, sell, and transfer cryptocurrencies.
• Debit Card: Crypto.com offers a debit card that can be loaded with cryptocurrencies and used to make purchases at merchants that accept Visa.
• Earn: Crypto.com offers a range of investment and staking products that allow users to earn interest on their cryptocurrency holdings.
• Crypto.com Pay: Crypto.com Pay is a payment gateway that allows merchants to accept cryptocurrency payments from customers.

According to the Crypto.com whitepaper, the maximum supply of CRO tokens is 100 billion. However, the current circulating supply is subject to change as tokens are minted and burned over time. As of May 2023, the circulating supply of CRO is approximately 29.4 billion.

The distribution of CRO tokens is as follows:

• Token Sale: 50% of the total supply was sold to the public during a token sale that took place in 2017.
• Team and Advisors: 20% of the total supply was allocated to the Crypto.com team and advisors. These tokens are subject to vesting periods and other restrictions.
• Ecosystem Development: 20% of the total supply was allocated to fund the development of the Crypto.com ecosystem, including marketing, partnerships, and other initiatives.
• Community Development: 5% of the total supply was allocated to community development programs, including airdrops and other initiatives to promote the use of CRO and the Crypto.com platform.
• Reserve: 5% of the total supply was allocated to a reserve fund, which is held in cold storage and can be used to support the ecosystem and provide liquidity as needed.

Average Fees on CRO 

The fees on Crypto.com vary depending on the specific product or service being used. For example, the trading fees on the Crypto.com exchange range from 0.1% to 0.4%, depending on the user's trading volume and whether they are a maker or a taker. There are also fees for depositing and withdrawing funds from the exchange.

In terms of transacting the CRO token specifically, the fees are as follows:

1. CRO Withdrawal Fees: There is a fixed withdrawal fee of 2 CRO for withdrawing CRO from the Crypto.com app.
2. CRO Transfer Fees: There are no fees for transferring CRO between Crypto.com app users.
3. CRO Trading Fees: The trading fees for buying and selling CRO on the Crypto.com exchange range from 0.1% to 0.4%, depending on the user's trading volume and whether they are a maker or a taker.

CRO Token Wallets 

CRO tokens can be held in a variety of wallets, including Crypto.com App, Ledger, Trezor, MyEtherWallet, Trust wallet, Exodus, Atomic Wallet, Coinomi, Guarda Wallet, MetaMask, etc.