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CRO is the native token of the Cronos Chain, which is built by Cronos Labs. Learn how the token distribution works and how you can stake and invest in CRO.

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Cronos is an Ethereum-compatible Layer 1 blockchain network built on the Cosmos SDK, and it is supported by 

, and app developers and partners in the ecosystem.

In this article, we’ll dive deeper into Cronos and explore the use cases of CRO.

, the native token of Cronos, is an ERC-20 token on the Ethereum blockchain. Holding onto CRO gives users access to perks in the 

 ecosystem. These include discounted trading fees on 

 Visa Card offering a suite of benefits. 

There is a total supply of 30 billion CRO tokens. The 

 is the term for locking your crypto to receive rewards in the form of interest rates. You can stake by delegating your CRO to a trusted validator. Validators run nodes to verify transactions on Cronos Chain, contributing to its security. In return for securing the network, they receive block rewards in the form of CRO when transactions have been confirmed and blocks are added to the network, which occurs every 

. These rewards are then redistributed back to the delegators (CRO holders).

To learn more about how to stake CRO, please refer 

Users can opt to earn a higher amount of rewards by locking a larger sum of CRO. The different rates are shown in the figure below:

Let’s take a look at some of the key features of Cronos’s architecture.

-compatible chains to be ported easily and quickly to Cronos, which makes it simple for developers who have experience building on Ethereum or other EVM chains to build decentralized applications (

, a consensus engine that allows for the creation and management of fast speed blockchain networks.

, a blockchain development framework providing a set of modular tools and libraries that allow developers to quickly build custom blockchain applications using the Tendermint consensus engine.

Building on Cosmos SDK allows Cronos to use the Inter-Blockchain Communication (IBC) protocol, which enables secure and decentralized transaction and communication between other IBC-enabled blockchains in the Cosmos network.

An upcoming canonical Ethereum-Cronos bridge will make it possible to bridge ERC-20 tokens from other EVM-compatible chains to the Cronos ecosystem.

Overall, Tendermint and Cosmos SDK are the building blocks making it possible for Cronos to have a secure and consistent consensus engine, as well as a framework for modular blockchain development, while being part of the larger Cosmos ecosystem. 

Just a few weeks ago, Cronos price surged by 22% over a period of three days. The key factor contributing to this price increase is the 

 between Cronos Labs and Amazon Web Services (

, an AWS program designed to assist startups and early-stage entrepreneurs in their cloud-based endeavors. This collaboration aims to aid web3 startups in scaling and growing through the 

The program's primary objective is to support developers in creating the next wave of web3 applications within the Cronos ecosystem, with a focus on DeFi, GameFi, SocialFi and Infrastructure verticals. Selected projects will undergo a 12-week acceleration program and receive an initial seed funding of $30,000 from Cronos Labs. Additionally, participants will have the opportunity to secure up to $300,000 in further seed funding from Cronos Labs and its partners. They’ll also gain access to mentoring sessions, specialized masterclasses and engaging discussions with industry experts.

By partnering with AWS Activate, Cronos Labs aims to expedite the adoption and integration of blockchain technology in web3. This collaboration provides startups with access to AWS's resources and Cronos Labs' expertise in blockchain development. Startups enrolled in the Cronos Accelerator Program through AWS Activate can leverage the comprehensive range of AWS infrastructure and services, including AWS cloud credits, office hours and mentorship.

This collaboration empowers startups with the scalability, security and flexibility of AWS's cloud infrastructure, enabling them to swiftly and efficiently build and deploy their blockchain-based applications. Moreover, they can explore innovative solutions at the intersection of blockchain and various machine learning and AI services offered by AWS.

Cronos Labs will provide technical and commercial support, funding assistance and guidance to help startups develop the next generation of DApps, potentially reaching millions of new users.

? You can do so on Bybit in the form of USDT Perpetual Contracts. To get started, you’ll first need to 

 and fund it with crypto. You can then navigate to the 

The Cronos ecosystem offers a decentralized blockchain and access to the 

 suite of products that will appeal to a wide range of people. It features versatile payment solutions designed for acquisition and adoption, while still providing lucrative trading and investment solutions to generate revenue, resulting in a sustainable ecosystem with the potential to speed the worldwide adoption of cryptocurrency.

What Is Cronos (CRO)?

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