CRO

Cronos price

CRO
| 3.8/5
Quote currency
$0.11+5.36%
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Overview
Analysis

Cronos price live data

The current price of Cronos is $0.11. Since 00:00 UTC, Cronos has increased by 5.36%. It currently has a circulating supply of 26.56B CRO and a maximum supply of 30.00B CRO, giving it a fully diluted market cap of $2.75B. At present, Cronos holds the 45 position in market cap rankings. The Cronos/USD price is updated in real-time.

Cronos price performance in USD

Time periodChange amount%Chg
Today$0.00545.49%
7 days$0.01313.55%
30 days$0.02429.40%
3 months$0.00464.59%

Cronos market information

24h low/high
24h low$0.098
Last price $0.11
24h high$0.11
Heat index ranking
181
Market cap ranking
45
Market cap
$2.75B
Favorited rate
1.92%
All-time high
$0.96
-89.16% (-$0.85)
Nov 24, 2021 (3 years ago)
All-time low
$0.024
+333.22% (+$0.080)
Mar 13, 2020 (4 years ago)
ICO date
11/13/2018
ICO price
$0.0084
Circulating supply
26.56B CRO
Market cap at circulating supply
$2.75B

About Cronos (CRO)

Cronos is a blockchain launched in November 2021 by the cryptocurrency exchange Crypto.com. It is an Ethereum-compatible blockchain built with the Cosmos Software Development Kit (SDK), an open-source framework for creating Proof of Stake (PoS) and Proof of Authority (PoA) blockchains.

This enables Cronos to be compatible with the Ethereum and Cosmos blockchains, making it simple for Ethereum and Cosmos developers and users to migrate their projects or assets to Cronos and vice versa. Additionally, Cronos uses the Inter-Blockchain Communication Protocol (IBC), which allows it to communicate with other blockchains that use the same protocol.

Cronos was built to be scalable and interoperable without sacrificing usability. It also intends to communicate with other blockchains and enable users to transfer assets between Cronos and other blockchains in real-time. In other words, a Cronos-compatible blockchain user, such as Ethereum, can transfer tokens and other assets, such as non-fungible tokens (NFTs), from Ethereum to Cronos. They can also use their Cronos tokens on Ethereum.

Cronos' native ERC-20 token, CRO, is required for network transactions. It is also the network's governance token and can be used to vote on essential proposals that will shape Cronos' future. Furthermore, holding specific amounts of CRO tokens can qualify traders for different fee tiers when trading on Crypto.com.

CRO price and tokenomics

Cronos has a maximum circulating supply of 30 billion CRO tokens. All the Cronos tokens that will ever be in circulation were created along with the launch of the Cronos blockchain. This means no new Cronos tokens are being created, and no more can be mined. At the time of writing, there are currently 25 billion CRO tokens in circulation. This represents approximately 83% of the total supply.

While the total supply of CRO tokens was initially intended to be 100 billion tokens, the Cronos team conducted one of the largest token burns in blockchain history ahead of the launch of the Cronos mainnet. In an attempt to further decentralize the Cronos blockchain, 59.6 billion CRO tokens were burnt on February 22, 2021. In addition, another 10.4 billion CRO tokens were locked into a monthly vesting contract. As these tokens are released, they will be automatically burnt.

These sustained token burns aimed to address centralization and supply issues. The CRO token burn brought the circulating supply from a mere 24% to over 80%, considerably diluting the token supply and allocation. This helps to decentralize the CRO token and reduce the supply. This newfound token scarcity caused a surge in CRO price and renewed the token's demand.

About the founders

The Cronos network is a product of Crypto.com, a centralized exchange operating under Monaco Technologies GmbH, initially founded in 2016 by Kris Marszalek, Rafael Melo, Gary Or, and Bobby Bao. The team brings many industry experiences, with a global background from Europe and China. Before founding Crypto.com, Marszalek had founded an e-commerce firm and a design and manufacturing company focusing on consumer electronics.

Or came from an engineering and computer science background, with over nine years of experience as a full-stack software engineer. Meanwhile, Melo and Bao bring experience from traditional financial and investment industries. Together, the well-rounded team launched Crypto.com, which led to the further development of the Cronos Blockchain.

Although still relatively young, the Cronos blockchain has seen massive adoption since its launch. According to Cronos Managing Director Ken Timsit, in less than three months after launch, Cronos processed 12 million transactions and had almost $2 billion locked in various services and protocols across the blockchain.

Learn more about Cronos (CRO)

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Cronos FAQ

What is Cronos?

The Cronos blockchain is popular among developers for building highly scalable applications, services, and products that communicate with other blockchains. Cronos is well-suited for developing DeFi applications and blockchain games.

How can I use CRO?

CRO is Cronos blockchain's native utility and governance token. It is used to pay gas fees when completing Cronos network transactions. Additionally, CRO can vote on Cronos blockchain governance proposals and unlock different trading fee tiers on the Crypto.com centralized exchange.

Where can I buy CRO?

Easily buy CRO tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include CRO/USDT, CRO/USDC, and OKT/BTC.

You can also buy CRO with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), are also available.

Swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for CRO with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into CRO, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.