About Crypto.com Coin project

Representatives of the cryptocurrency community have long stated that their main goal is to rid the world of fiat money, transfer all types of financial transactions into electronic format, as well as integrate modern digital technologies into peoples daily lives. It should be noted that it will be very difficult to implement such tasks, and currently no project has been able to completely replace fiat. However, there are platforms that could somehow get as close as possible to the implementation of such lofty goals.

In todays review, I would like to talk about the Crypto.com project, which is very interesting and promising. The history of this project began back in 2016, when a development team from Hong Kong founded the Monaco project. Their work was very productive, and the platform was able to win a lot of fans, as well as attract large investors and get the support of even such a banking giant as Visa, whose participation in the project already speaks volumes. After several years of working together, they were able to issue a special payment card for operations with cryptocurrencies. It was named Monaco Visa Card. In essence, this is a real bank card with all the capabilities of the Visa payment system. In order to be able to convert digital money (for example, Bitcoins or Ethereums), as well as to pay for various commissions, its own cryptocurrency was released, called MCO. After some time, the development team decided to change the domain to crypto.com. At the same time, the entire project was rebranded, and a similar name was given to their altcoin.

Crypto.com started in 2018. It is a relatively new project that is aimed at working with individuals (ordinary users), as well as cooperation with independent investors. According to the developers of the Crypto.com project, their main goal is to introduce blockchain-based technologies into peoples daily life in order to make it as comfortable as possible, as well as to simplify many complex operations. In particular, according to the project team, it is important for them to make cryptocurrency as popular a means of payment as fiat assets.

First of all, it should be said that the Crypto.com project has a special cryptocurrency wallet that is designed to make purchases, sell or store digital currency. It is important that thanks to cooperation with top financial companies, the project managed to achieve support for the operation of the wallet with both fiat money and cryptocurrency, and without collecting an extra commission. In addition, the Crypto.com application has functions that allow you to track the current rate of popular cryptocurrencies and monitor the current state of the crypto market. Thanks to cooperation with Visa, fiat funds can be deposited into and withdrawn from the wallet through the application.

It should be noted that the Crypto.com project has two different coins. MCO is the main token of the project. The name of this token remained the same as before the rebranding, the company decided not to change the name of the coin. However, another altcoin was released to the market last year, which was named Crypto.com Coin - similar to the companys new name. The exchange ticker assigned to the new cryptocurrency is CRO. Please note that both of these projects were developed by the same team. However, these tokens have slightly different intermediate and final goals. Do not forget that the technical component of CRO and MCO is also different. It is for this reason that these two projects should not be confused.

Crypto.com Coin Features

The blockchain network, on the basis of which various trading operations are carried out between users, is called Crypto.com Chain. The main token of this network is CRO. However, the developers claim that the plans are to introduce the ability to perform financial transactions with all types of cryptocurrency. It should be noted that this goal is very difficult, at present it is difficult to say whether the team will be able to fully implement their idea.

Perhaps the main advantage of the Crypto.com project is its cooperation with the Visa payment system. It was the collaboration that provided the project with many different opportunities and advantages that make the CRO cryptocurrency stand out from other digital currencies. For example, using a Crypto.com card, users can create a free wallet that will store all of their digital and fiat funds. Also, all conversions can take place both in real time and offline, and the commission that is charged is either minimal or absent at all. We must not forget about the cashback function, because when making purchases in the stores of the partner network, the user receives up to two percent of the refund directly to his card. Although CRO tokens are digital currencies, it is the fiat-like approach to them that can give them leadership in their field.

When considering any cryptocurrency project, you need to pay attention to its features and capabilities. The CRO development team claims that users will receive many useful features and capabilities, including:

lucrative offers that will encourage users to turn to digital currency;
complete absence of any commissions for those sellers who will use the Crypto.com network;
multifunctional wallet and convenient application with a simple and comfortable interface;
many useful functions in the application in addition to carrying out operations with digital and fiat currencies;
I would like to draw your attention to the fact that although the developers claim the existence of a decentralized network, this is unlikely. Especially considering their collaboration with Visa. It is difficult to talk about the presence of complete decentralization, because Visa is one of the largest payment systems in the world. It is for this reason that this aspect raises some questions. However, for many users, the decentralization of the project is not so important, especially considering all the possibilities that the platform can provide.

In the process of creating the Crypto.com payment system, the development team thought through everything to the smallest detail. For example, a user makes a purchase in one of the projects partner stores. The system operates as follows:

The user installs the Crypto.com app and opens their wallet.
To make a purchase, the user or the store seller must scan a special QR code.
After that, the client pays for the goods in digital currency and transfers the coins to the stores account.
The store receives CRO tokens.
I would like to draw your attention to the fact that cooperation with other types of cryptocurrencies is planned in the future. If the project succeeds, it can significantly expand its functionality and attract new users.

How is Crypto.com Coin created?

In the process of considering a cryptocurrency CRO project, it is necessary to establish how Crypto.com Coin is created. It should be noted that, unlike many other cryptocurrencies, CRO mining is not provided. You should also pay attention to the fact that the company refused to carry out ICO (initial coin offering). Instead, an airdrop was organized for MCO token holders.

A certain percentage of CRO coins will go to the accounts of MCO token holders as a reward, because these altcoins are the main ones in the project.

However, you can get this cryptocurrency in an easier way - just buy CRO on one of the cryptocurrency exchanges. There are no problems with placing tokens on crypto-exchanges now, and such a popular token as CRO is traded on all major platforms, including Bittrex and Binance.

Is Crypto.com Coin Infinite?

Different development teams have different approaches to issuing the amount of tokens. Some cryptocurrencies are endless, others are not. As for the CRO tokens, their number is limited. The total issue of CRO will be one hundred billion coins. However, the release will not be a one-off, but will stretch for as much as 5 years. The token distribution process will be as follows:

The development of the Crypto.com Chain ecosystem will take 20 billion tokens.
In the long term, 20 billion CRO coins will also be spent to promote the Crypto.com Chain blockchain technology.
Developers will leave another 20 billion tokens in reserve. The team does not deny that these coins can go to the development of the project or just hit the market in the future. However, they are currently holding them back.
Another 10 billion tokens will go away during the airdrop as a reward for MCO holders.
The remaining coins will go to secondary distribution, as well as various initiatives in the field of launching new projects.
It is necessary to pay attention to the fact that the CRO developers keep the details of where the funds earned from the sale of their cryptocurrency will be spent. However, this is their right, and many users agree with this approach.

Crypto.com Coin Strengths

For a complete and maximum detailed perception of the Crypto.com cryptocurrency project, it is necessary to talk about its strengths. I would like to note that Crypto.com Coin cryptocurrency was released not so long ago - about a year ago. However, already now the project has shown itself very worthy, was able to withstand high competition and found its supporters. The main advantages of CRO include:

cooperation with Visa bank cards and the ability to control private keys;
adherence to the Road Map, even though the project is technically difficult to implement and faces certain difficulties;
integration of Crypto.com into the financial system, formation of an affiliate network;
experienced developers who are trusted by users;
guarantee of the safety of personal data;
high speed of all financial transactions;
elaborated algorithm for the further development of the project.
It is also worth noting that in the modern world the demand for systems of this type is increasing, because the main problem that the Crypto.com platform will solve is building a reliable connection between sellers and buyers. Undoubtedly, the introduction of digital currency into everyday life is required now. That is why a number of large investors have already shown interest in the possibility of cooperation with Crypto.com.

Crypto.com Coin in TOP currencies

As of today, Crypto.com Coin cryptocurrency is ranked 25th in the cryptocurrency rating according to the CoinMarketCap portal. The CRO price is $ 0.029357 per token. The daily trading volume is over $ 5 million and the market capitalization is over $ 377 million.

It should also be said that out of the planned one hundred billion tokens, a little more than 12 billion coins are currently available on the market.

I would like to add that although CRO tokens are relatively young on the crypto market, they have already confidently occupied their niche. Now this cryptocurrency is in the TOP-30 in terms of capitalization, and the supporters of this project believe that the market value of Crypto.com Coin may grow significantly in the near future. And this is quite possible, because the project is promising and interesting both for ordinary users and for investors and large companies.

It is necessary to pay attention to the fact that the CRO rate has slightly decreased recently, but this can be explained by a general seasonal decrease in the value of cryptocurrencies, most likely, in the near future, the CRO value will normalize and become more stable.

Now the system is still at the stages of preliminary testing, not all of its functions are fully operational. This project definitely deserves attention, but its success largely depends on whether the developers are able to achieve all the goals.