Buy Cronos (CRO)
What is Cronos?
Cronos is a blockchain platform with its native token, CRO, designed to support decentralised finance (DeFi), non-fungible tokens (NFTs), and metaverse projects within the decentralised application (dApp) ecosystem. It aims to facilitate transactions globally between individuals and businesses, serving as a backbone for an open metaverse and the broader creator economy.
How does Cronos work?
Cronos operates on a blockchain that combines the strengths of both Ethereum and Cosmos architectures. Built with the Cosmos SDK, it supports the Inter-Blockchain Communication (IBC) protocol and is compatible with the Ethereum Virtual Machine (EVM). It utilises a Proof-of-Authority (PoA) consensus mechanism, a variant of the Tendermint BFT consensus engine, which involves a permissioned validator set. The network provides interoperability, allowing for the seamless deployment and management of smart contracts, and employs a dynamic fee structure based on network usage.
What are the potential use cases for Cronos?
Cronos has diverse use cases, particularly in DeFi, GameFi, and the creator economy. It serves as a payment system, enabling users to pay transaction fees on platforms like Crypto.com. CRO is utilised for transactions on Crypto.com's Visa card and exchange, enhancing financial services and crypto loans. Partnerships, such as those with Google Cloud and Ubisoft, bolster its applications in e-commerce and gaming. Additionally, it offers staking rewards, facilitates on-chain transfers, and acts as a store of value.
What is the history of Cronos?
Cronos, initially stemming from Crypto.com founded in 2016, transitioned from the MCO token to the CRO token during a token swap in 2019. In 2020, Crypto.com launched the Cronos Chain, aimed at enabling fast, secure transactions and supporting DApps with a proof-of-stake consensus. The network's technological and market presence has evolved significantly, with the operation commencing in 2021. Strategic partnerships, such as with Google Cloud, further enhance its ecosystem, while ongoing developments include major updates like the Pallene upgrade.
Related Assets
Resources
Learn More About Cronos
Frequently Asked Questions (FAQs)
What is the current price of Cronos (CRO)?
The Cronos price is $0.26959107 AUD, representing a +12.32% from the day prior.
Where is the best place to buy Cronos (CRO) in Australia?
The best place to buy Cronos (CRO) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Cronos (CRO) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Cronos (CRO)?
The trading volume of Cronos (CRO) is $99.4M AUD in the last 24hrs, representing a +12.32% from the day prior.
How can I buy Cronos (CRO)?
Cronos (CRO) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Cronos (CRO)?
The current market cap of Cronos (CRO) is $7.3B AUD.
Can I convert Cronos (CRO) to cash?
Yes - With Coinstash you can convert your Cronos (CRO) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Cronos (CRO) are there?
The current circulating supply of Cronos (CRO) is 27.2B.
Is Coinstash a safe place to buy Cronos (CRO) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Cronos (CRO) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.