About
Cronos (CRO) is the native cryptocurrency of the Cronos blockchain, an Ethereum-compatible network developed by the major cryptocurrency exchange Crypto.com. Unlike many other exchange-born tokens, Cronos is uniquely positioned at the intersection of two major ecosystems: it is built using the Cosmos SDK, allowing it to interoperate with the Cosmos network via the IBC protocol, while its full EVM (Ethereum Virtual Machine) compatibility allows developers to port decentralized applications (dApps) from Ethereum with minimal effort.
The network was designed to provide a high-speed, low-fee alternative for the "next billion Web3 users," with a primary focus on Decentralized Finance (DeFi), GameFi, and the Metaverse. The CRO token serves multiple roles within this ecosystem: it is the utility token used to pay for transaction fees (gas), it is staked by validators to secure the network, and it provides extensive benefits within the Crypto.com app, including tiered credit card rewards, trading discounts, and higher interest rates on deposits. By bridging the gap between a centralized exchange user base and the decentralized world of smart contracts, Cronos has quickly grown into one of the top blockchains by total value locked (TVL).
