Buy Cronos

Cronos is a blockchain platform developed by Crypto.com, a company that offers various services and products related to cryptocurrency. The Cronos platform offers financial products and services for both novice and experienced crypto traders, thereby contributing to the global adoption of cryptocurrencies.

In addition to promoting cryptocurrency adoption, Cronos also focuses on issues such as interoperability and scalability in existing blockchains. By leveraging technologies such as Tendermint, Ethermint, and the Cosmos SDK, Cronos offers a solution that can not only interoperate with Ethereum, but also enables faster transaction speeds and lower fees.

On the Cronos platform, users can access various crypto services, including decentralized finance (DeFi), non-fungible token (NFT) trading, and metaverse applications.

The CRO token plays an important role within the Cronos ecosystem. It is used for transactions, rewards within the network, staking for network security, and provides users with specific benefits within the Crypto.com ecosystem, such as discounts and benefits when using the Crypto.com Visa card.

Who founded Cronos?

Cronos is an initiative of Crypto.com, which was founded in 2016 by Kris Marszalek, Rafael Melo, Gary Or, and Bobby Bao. The team behind Crypto.com consists of over 1,500 employees with experience in technology, finance, and design. This team contributes to the development of Crypto.com and the Cronos ecosystem.

Cronos is a versatile platform with various functions. You can use Cronos for:

• Payments: Users can make and receive payments with CRO tokens and enjoy benefits such as cashback.
• Staking: Staking CRO allows users to participate in network security and earn rewards.
• Crypto trading: Cronos is part of the Crypto.com trading platform, where users can easily and quickly trade various cryptocurrencies.
• DeFi: Cronos supports DeFi applications that allow users to borrow and lend crypto to earn interest.
• NFTs and Metaverse: Users can trade NFTs and participate in the metaverse.

The Cronos ecosystem consists of several products and features, including:

• Crypto.com app: The Crypto.com app is an all-in-one application that allows users to buy, sell, and manage cryptocurrencies. With its user-friendly interface, the app is suitable for both beginners and experienced crypto traders.
• Crypto.com Visa card: This Visa debit card allows users to automatically convert and spend their cryptocurrencies at millions of stores worldwide. Plus, they receive unique benefits like cashback in CRO tokens.
• Crypto.com exchange: The Crypto.com Exchange allows users to trade various cryptocurrencies.
• DeFi wallet and DeFi Swap: The DeFi platform allows users to borrow, lend, and earn interest on cryptocurrencies.
• NFT platform: The NFT platform allows users to buy, sell, and trade digital artwork and collectibles as non-fungible tokens.
• Crypto.org chain: This is Crypto.com's main blockchain that plays a crucial role in processing transactions and supporting various services within the ecosystem.
• Cronos chain: This is a parallel blockchain compatible with Ethereum Virtual Machine (EVM), allowing developers to easily port Ethereum applications.

Both Crypto.org Chain and Cronos Chain play an important role in the Cronos ecosystem. Both chains offer different features and capabilities.

Crypto.org Chain

The Crypto.org Chain is Cronos’ flagship blockchain and is designed with a focus on speed, security, and decentralization. This chain uses a Proof-of-Stake (PoS) consensus mechanism where users can stake CRO to participate in network security and receive rewards. The Crypto.org Chain focuses on fast and low-cost transaction processing, which is ideal for everyday payments and practical cryptocurrency usage.

Cronos Chain

The Cronos Chain is a more recent blockchain that runs parallel to the Crypto.org Chain and is compatible with the Ethereum Virtual Machine (EVM). This allows developers to easily port existing Ethereum applications and smart contracts to Cronos.

Cronos places a strong emphasis on interoperability. The Cronos Chain uses the Inter-Blockchain Communication (IBC) protocol, which makes it possible to send assets and information between different blockchains. This opens the door to countless cross-chain applications and services.

Tendermint, Ethermint and Cosmos SDK play an important role within the Cronos Chain. Tendermint provides a fast and secure consensus layer, while Cosmos SDK enables developers to build blockchain applications quickly and efficiently.

The CRO token is an essential part of the Cronos network and has several functions. An important role of the CRO token is to facilitate transactions within the Cronos network. Users pay their transaction fees with CRO, while validators are rewarded with CRO tokens. In addition, the CRO token is used for staking, network security and participation in network governance.

Crypto.com users can also benefit from using CRO tokens, such as for discounts on trading fees and increased rewards on the Crypto.com Visa card.

The maximum supply of CRO tokens is set at 30 billion.

Cronos distinguishes itself from other blockchain projects through several unique features:

• EVM compatibility: Cronos supports the Ethereum Virtual Machine (EVM), allowing developers to easily migrate their Ethereum dApps to Cronos.
• Integration with Cosmos: Thanks to integration with the Cosmos network, Cronos can interoperate with various blockchains within the Cosmos ecosystem.
• Ethermint: Ethermint technology enables faster transactions and lower fees compared to traditional blockchains like Ethereum.
• Tendermint Consensus Mechanism: Cronos consensus mechanism provides secure, efficient and sustainable transaction processing.
• Integration with Crypto.com: The integration with Crypto.com improves the usability and accessibility of both Cronos and Crypto.com.

Buy Cronos (CRO) at Bitvavo, a platform suitable for both beginners and experienced traders. Follow these steps to purchase CRO via our website or mobile app:

1. Create an account or log in to Bitvavo.
2. Make a deposit by clicking "Deposit".
3. Go to the Cronos purchase page.
4. Enter the amount in euros you want to spend or the number of CRO coins you wish to purchase and click "Buy".

The purchase price depends on the current market value of CRO. After purchase, your CRO tokens will be automatically added to your Bitvavo account, where you can easily sell them. This makes it possible to quickly respond to price and market changes.

Store your Cronos tokens conveniently and securely in your Bitvavo account, where the majority of customer funds are secured in offline cold wallets. We recommend activating two-factor authentication (2FA) as an additional security measure for your account.

If you prefer to personally manage your CRO tokens, they are supported by most software and hardware wallets. You can purchase your CRO tokens and then transfer them to an external wallet by setting the address in your Bitvavo account.