Review on Crypto.com Coin by Fanuel PORPORTY
Cryptocom Coin (CRO), the native asset of the Cryptocom ecosystem
Cryptocom Chain is another project launched by Hong Kong-based payment and cryptocurrency platform company Cryptocom (also known as "CRO Protocol Labs"). The chain has its own Cryptocom Chain (CRO) token which is supposed to allow users to make cryptocurrency payments to as many merchants available in the world as possible. This must be done by making the CRO an intermediary currency which will allow the conversion of cryptocurrencies into their fiduciary counterparts at a very reduced cost. By this, the Cryptocom team hopes to combine the global ambition of the token with the adoption support inspired by real use cases.
Although it goes back to its history until the end of 2018, the CRO token and the Cryptocom chain project made headlines, based on the dramatic price increases of the token that propelled it into the top 50 of the CoinMarketCap ranking.
Pros
- As a native token of the Cryptocom chain, CRO tokens are mainly used for the settlement of intermediate currencies on various assets. All chain participants who transact must use CRO tokens to pay the bulk transaction fee. The tokens are mainly earned as a reward for processing and verifying transactions, each node being able to bring into play a fixed number of CRO tokens in exchange for the right to participate in network operations.
- The Cryptocom chain and its CRO token operate as a cryptography-based payment solution responsible for handling intermediate currency settlements between assets and improving interoperability between cryptocurrencies and fiduciary payments.
Cons
- None
