Crypto.com Chain is a new project from Crypto.com. Previously, this project was called Monaco. The new name of the token is intended to create an association with the widespread use of cryptocurrencies. Its main goal is to integrate the blockchain into all areas of life. In particular, to make cryptocurrency the same popular means of payment as fiat money. The Crypto.com Chain project will offer users a number of interesting features, such as: great offers that encourage customers to use cryptocurrency; lack of commissions for sellers; simple and intuitive interface that does not cause users any problems; decentralized fund transfer system.
To send and receive a transfer, you just need to scan the QR code in the installed wallet. And it can be associated with a Visa bank card. The token is distributed without prior and public sale or ICO, and is sent to the owners of Crypto.com Chain through its own wallet application. The total volume of emissions is 100 billion CRO, of which almost 4 billion are already distributed among users. Crypto.com Chain is a blockchain network designed to conduct trading operations between its users. The main token of the system is CRO. But, according to the promise of the developers, in the future there will be an opportunity to trade any cryptocurrency available to users.
The mission of Crypto.com is to accelerate the world’s transition to crypto. The Crypto.com team has a clear vision to put cryptocurrency in every wallet with a strong focus on real-life use cases. It took Crypto.com a little over 2 years to launch the key product in its consumer offering: a globally accepted payment card - the MCO Visa Card. The reason for this is simple: traditional payment networks do not natively accept crypto today. It makes for a slow, expensive go-tomarket process, heavily limiting the number of people we can introduce to the crypto ecosystem.
Online stores will be able to use the platform to receive payment for the goods or even create trading floors within the system by launching your own nodes in the original blockchain. Buyers will have the opportunity to pay for purchases using a card and mobile application. The CRO token is needed to pay transaction fees, convert assets and create new nodes. It represents altcoin on exchanges and can become a tool of earnings for investors. One point that causes concern among traders is the suspicious jumps in the course. For example, in March, when a bearish trend prevailed in the market, quotes grew by hundreds of percent in just a few days. The community is discussing the possibility of market speculation in which both developers and whales can be implicated. Indeed, the former have more than half of the assets in their hands, while the latter can afford to buy up a large number of coins and control the network, creating nodes.
* Forex Rating accepts no liability for any errors in the Crypto.com Coin Price or CRO Information. For the most recent information please visit the Crypto.com Coin official site.
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