Review on Crypto.com Coin by Paul Maduagwu
$CRO a new way to crypto payments.
CryptoCom $CRO is an Ethereum token. Formerly $MCO, it is the utility token of Crypto(.)com Exchange. Its main usecase is as a form of payment for making easy and quick transactions between users and business. This vision is also fueled with the release of their Visa Card product.
At the time of writing this review its price is hovering around $0.15, and its major trading market is Bittrex Exchange, according to CoinmarketCap. The projects has an on-going staking promotion, to stake >1000 $CRO and get a cash bonus on the CryptoCom wallet. That maybe one of the reasons why the coin has such relatively high number of holders.
Apparently you can stake $CRO and get a CryptoCom Visa card, that's great if I may add and I feel is a major boost for crypto adoption.
Pros
- Staking Support.
- Backed by a popular Exchange.
- High number of holders (48,600).
- Good trading volume.
- ERC20 token, can be stored on any Ethereum token compatible wallet.
- Good social media presence/activity.
Cons
- To get up to 16% APR on staking requires funds to be locked for 3 months.
- Staking only available on official wallet.
