The current price of Cronos is $0.16125. Since 00:00 UTC, Cronos has decreased by -1.87%. It currently has a circulating supply of 27,159,653,939 CRO and a maximum supply of 30,000,000,000 CRO, giving it a fully diluted market cap of $4.37B. At present, the Cronos coin holds the 26 position in market cap rankings. The Cronos/USD price is updated in real-time.
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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.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 4.7K new posts about Cronos, driven by 525 contributors, and total online engagement reached 1.1M social interactions. The sentiment score for Cronos currently stands at 49%. Compared to all cryptocurrencies, post volume for Cronos currently ranks at 1224. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Cronos.
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Posts
4,744
Contributors
525
Interactions
1,135,609
Sentiment
49%
Volume rank
#1224
X
Posts
4,462
Interactions
559,866
Sentiment
82%
CRO FAQ
How much is Cronos worth today?
Currently, one Cronos is worth $0.16125. For answers and insight into Cronos's price action, you're in the right place. Explore the latest Cronos charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Cronos, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Cronos have been created as well.
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