What is Cronos ?

Cronos and CRO: Crypto.com's blockchain for DeFi and Web3 🚀🔗

When you think of Crypto.com, you may first think of the app to buy and manage crypto. But since 2021, the ecosystem has expanded with Cronos, a blockchain built for DeFi, NFTs, and dApps.

At the center of this new chain is the CRO token, powering all transactions 🔥.

What is Cronos exactly?

Cronos is an Ethereum-compatible (EVM) blockchain that allows developers to build Web3 apps with fast speeds and low fees.

It’s built using the Cosmos SDK, giving it strong interoperability with other chains like Cosmos and BNB Chain.

The role of the CRO token

Originally tied to the Crypto.com app, CRO now powers the Cronos blockchain. It is used to:

pay transaction fees
secure the network through staking
access rewards on the Crypto.com platform
vote on governance decisions

In short, CRO is the fuel of the Cronos ecosystem.

Why Cronos is gaining traction

Cronos stands out thanks to:

low fees 👛
full compatibility with Ethereum
rapid growth with strong backing from Crypto.com
a clear focus on DeFi, gaming, and NFTs

Developers can easily migrate apps from Ethereum — no need to start from scratch.

A bridge between the Crypto.com app and DeFi

Cronos offers millions of Crypto.com users a smooth entry into DeFi. From staking CRO to using dApps and exploring Web3, everything happens within one ecosystem.

Perfect for beginners ready to dive into decentralized finance.

Challenges ahead

Like any new chain, Cronos must:

prove long-term technical stability
attract quality projects
further decentralize its infrastructure

But with Crypto.com’s global presence, Cronos has a strong foundation for growth.