Cronos
About Cronos
Cronos is part of Crypto.com’s solutions designed to foster the global acceptance of cryptocurrencies and amplifying financial autonomy. It mainly drives the Crypto.com Pay mobile app, with plans to expand its platform. Cronos went live in late 2018.
In the last hour, Cronos's price has seen a change of +0.95%, and over the past 24 hours, its price has moved by +6.03%. Over the previous week, Cronos's price has moved by +11.26%. The current price of Cronos is SAR 0.2495, accompanied by a trading volume of 59.06M in the last day. Cronos's price is currently 93.14% below its all-time high of SAR 3.6366, which remains the highest price Cronos has achieved since its launch. The circulating supply of Cronos stands at 49.74B, translating to a total market capitalization of 12.41B.
Market stats
Frequently asked questions
What is the Cronos (Cronos) network?
Cronos and its native token (CRO) are an open-source, layer-1 (L1) blockchain network focused on enabling decentralized finance (DeFi) applications and non-fungible tokens (NFTs). It was built to operate using a Proof of Authority (PoA) to deliver high performance and security. The network aims to provide a supportive foundation for the economies of creators and the metaverse, and Cronos positions itself as a bridge connecting the limitations and constraints of traditional blockchains and advanced decentralized applications. Through this connection, it facilitates developers’ and users’ access to advanced blockchain technologies, noting that the network’s architecture is specifically designed to support the next generation of decentralized applications.
How does the Cronos (Cronos) network work?
The Cronos network is built on three core technologies: Ethermint, Tendermint, and the Cosmos SDK. Ethermint enables the seamless operation of Ethereum-compatible decentralized applications and smart contracts, while Tendermint provides a fast and highly secure mechanism for transaction validation, and finally, the Cosmos SDK enables the development of applications and the addition of new features to the network. Cronos also supports the Inter-Blockchain Communication (IBC) protocol, which allows for communication and asset transfers between different Cosmos networks. This network architecture enables fast transaction processing, low fees, and good scalability, making it suitable for decentralized finance (DeFi) applications, gaming, and Web3 applications.
How do you buy CRO on the Rain platform?
Buying CRO on Rain involves a few simple steps:
- Ensure you have funds in your fiat account or add your card in the payment methods section.
- Select the cryptocurrency you wish to buy from your account’s home page.
- Tap “Trade” and select “Buy.”
- Enter the amount you wish to buy in your preferred currency.
- Choose your payment method, either using a bank card or the cash balance in your wallet.
- Click “Next” to review your transaction details.
- Tap “Buy Now” to complete the purchase.
CRO will be added to your wallet after the transaction is executed. At Rain, we use cold storage to keep the majority of our clients’ assets offline.
Rain is licensed by the Central Bank of Bahrain (CBB) and the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA). This provides our customers with a regulated framework for trading digital assets in the region.
Risks and considerations
Before buying CRO, it’s important to understand the associated risks:
• Price volatility risk: the value of the token may rise or fall sharply.
• Governance and regulatory risk: the value of the token may be affected by legislation and regulation.
• Security risk: you must protect your account with a strong password and two-factor authentication, and choose an appropriate storage method after researching it thoroughly.
• Competition risk: the presence of numerous competitors, such as Avalanche, Solana, and Ethereum, may affect its market share and growth
You should not purchase CRO based solely on price predictions. Instead, you should study the whitepaper, the coin’s use cases, the project behind it, and your risk tolerance before making any decision.
Is the Cronos network compatible with Ethereum?
Yes, it is compatible with the Ethereum Virtual Machine (EVM), which allows Ethereum-based applications to run seamlessly.
Can CRO be mined?
CRO cannot be mined because it uses a Proof-of-Stake (PoS) mechanism.
What are the uses of CRO?
CRO tokens are used to pay transaction fees, peg currencies, secure the network, and gain access to Crypto.com ecosystem services
What is the total supply of Cronos (CRO) tokens?
Cronos (CRO) has a total supply of 30 billion tokens. This total supply helps maintain the stability and valuation of the CRO token within the Cronos ecosystem.
How can I use Cronos (CRO) tokens for payments?
Cronos (CRO) tokens can be used for various purposes, including making payments, trading, and as a means of exchange within the Cronos ecosystem. Users can utilize CRO for transactions, fees, and services offered by Cronos and partner platforms.
What is the utility of Cronos (CRO) tokens?
Cronos (CRO) tokens have multiple utilities within the Cronos ecosystem, such as participating in governance, obtaining discounts on trading fees, accessing exclusive events, and more. Holding CRO can provide users with various benefits and opportunities within the platform.
How can users earn Cronos (CRO) tokens?
Users can earn Cronos (CRO) tokens through various methods, such as staking, participating in liquidity pools, completing certain tasks or challenges, and receiving rewards from specific programs. Earning CRO tokens can incentivize users to actively engage in the Cronos ecosystem.
How to invest in Cronos?
Rain offers you a number of ways to start investing in Cronos, including buying Cronos through bank transfers or by using your bank card. To purchase Cronos on Rain, you can select Cronos in your Rain account, then click Trade and select Buy. Enter the amount you wish to buy and click Next to review and confirm your purchase.
How to buy Cronos with card?
Once you add your bank card to your Rain account, you can use it to buy Cronos directly. You can start by adding your card to your payment options on your Rain account. To purchase Cronos using your bank card, you can select Cronos, click Trade then select Buy. Enter the amount you wish to buy and choose your card from the payment options. Click Next to review and complete your purchase by following the instructions on the screen.
note: The purchase option with debit or credit card is not available for our users in Turkey
How to buy Cronos through bank deposit?
Rain enables you to buy Cronos using your local currency. You can deposit funds through bank transfer, a process which takes 1-4 business days depending on your location. You can start by depositing funds to your Rain account from your bank account. Simply click on Deposit and enter the amount you would like to transfer. Click next and copy the instructions that will appear on your screen to complete the transfer from your bank account. Note that Rain does not automatically pull funds from your bank account and you will need to manually transfer the funds from your bank account to Rain's banking information.
Within 1-4 business days, the funds will be available in your Rain account and you will be able to use them to complete purchasing Cronos. To do that, you can select Cronos in your Rain account, click Trade and select Buy. Enter the amount you wish to buy with and click Next to review and confirm your purchase.
How to sell Cronos?
This is an easy process that requires only a few clicks. Here are the steps needed to sell Cronos successfully:
On your Rain account, select Cronos then click Trade and select Sell. Enter the amount you wish to sell and click Next to review and confirm your sell transaction by entering an OTP. You will receive a confirmation email once the transaction is done with the details.
How to convert Cronos into cash?
Rain gives you the opportunity to sell Cronos and withdraw your funds from your Rain account to your local bank account. First, you need to add your personal bank account to your Payment Methods option on your Profile.
Once your bank account is added, you can sell Cronos and withdraw the funds to your bank account by clicking on Withdraw and entering the amount you wish to withdraw. Click Next to review and confirm your withdrawal information by entering an OTP.
Once the withdrawal request is submitted, you will receive a confirmation email that the withdrawal is being processed. Processing your withdrawal request can take between 1-4 business days.
How to receive Cronos?
If you would like to receive Cronos in your Rain account, simply click on Receive and select Cronos from the list at the top of the page. You can then either copy the address visible at the botom of the screen or share the QR code to to complete your receive transaction.
Make sure that you are using the correct network when receiving Cronos to avoid possible loss of funds.
How to send Cronos?
You can easily send your Cronos from your Rain account to any external wallet by clicking on Send and selecting Cronos from the list at the top of the page. Enter the amount you wish to send and add the external wallet address you are sending to. Click Next to review and confirm your send transaction by entering an OTP.
Why buy Cronos with Rain?
When you buy Cronos with Rain, you ensure that your assets are going to be safely stored on a regulated platform that follows strict compliance standards and is subject to periodic audits. Rain also uses bank-grade security measures like Cold Storage systems. Trading and storing Cronos on Rain also means that your asset is going to be stored on 1:1 basis, which means your assets will always be available to you.
What is a Cronos wallet?
A Cronos wallet is where you can securely store Cronos. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.
What is a Cronos address?
A Cronos address is a string of unique characters that is tied to your Cronos wallet. The address functions just like a bank account number and it is what you use in order to send Cronos from your wallet, or to receive Cronos to your wallet.
What trading pairs available for Cronos?
There are over 200 currency pairs available on Rain for you to trade with. You can trade Cronos with Bahraini dinar, Kuwaiti dinar, Emirati dirham, Omani rial or US dollar, depending on your location. Additionally, you can swap Cronos with 200 other assets like BTC, LTC, XRP, ETH. You can explore your options by visiting the market page on your Rain account: https://www.rain.com/market
What is the minimum order size to buy Cronos?
You can trade Cronos with any amount above $30 or equivalent in your account's currency. You can start trading Cronos now by clicking the Trade button on your Rain account.
What are the most popular cryptocurrencies besides Cronos?
Besides Cronos, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.
What blockchain is Cronos built on?
Cronos is built on the ETH blockchain. This determines how transactions are verified, fees are structured, and how compatible it is with wallets and other decentralized applications (dApps).
How do I keep my Cronos safe?
To keep your Cronos safe, make sure to use trusted wallets that support ETH. Enable two-factor authentication (2FA), store long-term assets in cold wallets, and never share your private keys with anyone. You can always refer to our Security & Policies section for more tips.
What will the price of Cronos be in next 5 years?
Price predictions for Cronos over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.
Is trading Cronos taxable?
Trading Cronos may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.
What is Cronos's ATH?
Cronos’s all-time high (ATH) was SAR 3.6366 on 24 Nov 2021. This represents the highest recorded market price of the asset to date.
What is the market cap of Cronos?
With a market capitalization of 12.41B, Cronos is ranked 34 among other crypto assets.
What is the all-time high of Cronos?
The highest valuation of Cronos since its launch was at SAR 3.6366, marking its all-time high.
What is the 24-hour trading volume of Cronos?
The trading activity of Cronos over the last 24 hours was at 59.06M, highlighting its liquidity in the market.
How many Cronos are there in circulation?
There are approximately 49.74B units of Cronos currently in circulation, affecting its market dynamics.
What is the relative popularity of Cronos?
Cronos market cap is around 12.41B.
When was Cronos created?
Cronos was introduced on 25 Mar 2021.
Website
White paper
Source Code