Cronos
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Cronos Info
Cronos Team
Individuals
OrganizationsCronos Intro
Cronos is a blockchain developed by Crypto.com, featuring the CRO token, used for powering transactions, securing the network, and accessing various features within the Crypto.com ecosystem.
Crypto.com Chain aims to enable seamless and cost-effective cryptocurrency transactions through a decentralized network. It employs Proof of Stake (PoS) consensus to validate transactions, reducing energy consumption and increasing scalability.
The project was founded in 2016 by Kris Marszalek, Rafael Melo, Gary Or, and Bobby Bao. Kris Marszalek serves as the CEO of Crypto.com. In 2017, Crypto.com launched its platform with a focus on providing a range of cryptocurrency-related services. The Crypto.com Chain mainnet was unveiled in 2021, aiming to enhance scalability, security, and interoperability.
By 2024, Crypto.com has continued to expand its ecosystem and services significantly. The launch of the Crypto.org Chain mainnet was a pivotal step forward, facilitating DeFi applications and fostering greater adoption. The Crypto.com ecosystem introduced the CRO token to facilitate transactions, staking, and participation in network governance.
In 2024, Cronos has introduced various enhancements, including improved transaction speeds and lower fees, further solidifying its position as a leading blockchain platform. The integration of layer-2 solutions has improved scalability, making it more attractive for developers and users alike. Additionally, the Cronos network has expanded its partnerships within the DeFi space and NFT markets, enabling a more vibrant and diverse ecosystem.
Above are only for introduction, not intended as investment advice.
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Q&A about Cronos Tokenomics
Explore the tokenomics of Cronos (CRO) and review the project details below.
What is the allocation for Cronos (CRO)？
According to the official website, firstly CRO has a total supply of 100 billion coins that originated from five secure multi-signature wallets, however 70 billion CRO was burned in 2021. Thus, the total supply of CRO is 30 million now.
- 30% was used for Secondary distribution/launch incentives
- 20% was used for Network long-term incentives
- 20% was allocated to Capital reserve
- 20% was allocated to Ecosystem grants
- 10% was allocated to Community development
What is the supply schedule for Cronos (CRO)？
According to Crypto.com COO’s article, 'secondary distribution and launch incentives' part was released in batches on a daily basis over five years from November 14, 2018; ‘Capital reserve’ part was frozen until Nov, 7, 2022; ‘Network Long-Term Incentives’ was frozen unit Nov. 7, 2022; 'Ecosystem grants' was frozen unitl the launch of Crypto.com Chain Mainnet.
For the specific distribution mechanism, you can read this article https://www.gemini.com/cryptopedia/crypto-com-blockchain-ecosystem-overview#section-cryptoeconomics ；If you want to find the real-time circulation of CRO tokens, please visit https://cronoscan.com/.
Cronos Token Allocation
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Cronos Financing history
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Cronos is a blockchain developed by Crypto.com, featuring the CRO token, used for powering transactions, securing the network, and accessing various features within the Crypto.com ecosystem.
Crypto.com Chain aims to enable seamless and cost-effective cryptocurrency transactions through a decentralized network. It employs Proof of Stake (PoS) consensus to validate transactions, reducing energy consumption and increasing scalability.
The project was founded in 2016 by Kris Marszalek, Rafael Melo, Gary Or, and Bobby Bao. Kris Marszalek serves as the CEO of Crypto.com. In 2017, Crypto.com launched its platform with a focus on providing a range of cryptocurrency-related services. The Crypto.com Chain mainnet was unveiled in 2021, aiming to enhance scalability, security, and interoperability.
By 2024, Crypto.com has continued to expand its ecosystem and services significantly. The launch of the Crypto.org Chain mainnet was a pivotal step forward, facilitating DeFi applications and fostering greater adoption. The Crypto.com ecosystem introduced the CRO token to facilitate transactions, staking, and participation in network governance.
In 2024, Cronos has introduced various enhancements, including improved transaction speeds and lower fees, further solidifying its position as a leading blockchain platform. The integration of layer-2 solutions has improved scalability, making it more attractive for developers and users alike. Additionally, the Cronos network has expanded its partnerships within the DeFi space and NFT markets, enabling a more vibrant and diverse ecosystem.
Above are only for introduction, not intended as investment advice.