CRO/CAD: Convert Crypto.com Coin (CRO) to Canadian Dollar (CAD)

Crypto.com Coin, also known as Cronos (CRO), is the native cryptocurrency token of Cronos Chain, a decentralized, open-source blockchain developed by Crypto.com. The primary function of the CRO blockchain is to power the Crypto.com Pay mobile payments app, aiming to increase personal control over money, safeguard user data, and protect users' identities. The total supply of CRO is capped at 30 billion coins, all of which were created when the blockchain went live, making it a non-mineable cryptocurrency.

Crypto.com Coin operates as a utility token for Crypto.com's payment, trading, and financial services solutions. CRO owners can stake their coins on the Crypto.com Chain to act as a validator and earn fees for processing transactions on the network. Additionally, CRO coins can be used to settle transaction fees on the Cronos Chain. Within the framework of the Crypto.com Pay payments app, users can get cashback by paying merchants in CRO and by purchasing gift cards and making peer-to-peer transfers to other users.

Crypto.com Coin aims to increase the adoption of cryptocurrencies on a global scale. It serves as a utility token for Crypto.com's payment, trading, and financial services solutions. Users can stake their CRO coins on the Crypto.com Chain to act as validators and earn fees for processing transactions. CRO coins can also be used to settle transaction fees on the Cronos Chain. Additionally, users can get cashback by paying merchants in CRO and by purchasing gift cards and making peer-to-peer transfers to other users. The company is continuously working on finding and developing new use cases that will allow users to leverage the cryptocurrency to enhance the control they have over their money, data, and identities.

Crypto.com Coin was launched by the Crypto.com company in November-December 2018 as part of its vision of "putting cryptocurrency in every wallet." Crypto.com was founded in June 2016 as "Monaco Technologies GmbH" by Kris Marszalek, Rafael Melo, Gary Or, and Bobby Bao. The Cronos Chain hosts various decentralized applications (dApps) and has a total value locked (TVL) of over $781.86 million, making it one of the largest EVM-compatible chains. It is the first blockchain that enables interoperability between the Ethereum and Cosmos ecosystems. The Cronos team announced its latest mainnet upgrade, "Galileo" (version 1.0), on January 18, 2023, marking the blockchain's transition out of beta.