Introduction to Cronos Blockchain
Cronos is an innovative blockchain launched in November 2021 by Crypto.com exchange. Built using the Cosmos SDK, this Ethereum-compatible network combines the best of proof-of-stake (PoS) and proof-of-authority (PoA) systems to deliver scalable interoperability.
👉 Discover how Cronos achieves cross-chain compatibility
Key Technical Features
- EVM Compatibility: Seamless migration for Ethereum dApps and smart contracts
- IBC Protocol: Enables real-time asset transfers between Cosmos ecosystem chains
- Multi-chain NFTs: Supports cross-platform non-fungible token transactions
CRO Token Economics & Circulating Supply
The native CRO token serves three critical functions:
- Network transaction fuel
- Governance voting mechanism
- Trading fee discount qualifier on Crypto.com
Supply Breakdown
| Metric | Value |
|---|---|
| Max Supply | 30B CRO |
| Circulating Supply | 25B CRO (83%) |
| Historic Burn | 59.6B (Feb 2021) |
The strategic token burn significantly reduced centralization risks while creating artificial scarcity that boosted CRO's market value.
Founding Team & Development Background
Cronos originates from Crypto.com's experienced leadership team:
- Kris Marszalek (CEO): Serial entrepreneur with e-commerce background
- Gary Or: Senior full-stack engineer with 9+ years experience
- Financial Experts: Rafael Melo and Bobby Bao bring traditional finance knowledge
👉 Learn about Cronos' explosive growth metrics
Network Adoption Highlights
- 12M+ transactions processed within first 3 months
- Nearly $2B TVL across protocols
- Rapid developer onboarding from Ethereum ecosystem
Frequently Asked Questions
What makes Cronos different from other EVM chains?
Cronos uniquely combines Ethereum compatibility with Cosmos SDK's interoperability features through IBC protocol, allowing asset transfers across multiple blockchain ecosystems.
How does the CRO burn mechanism work?
10.4B CRO tokens remain in vesting contracts. As tokens unlock, they're automatically burned through smart contract execution, gradually reducing circulating supply.
Where can I stake CRO tokens?
CRO can be staked through Crypto.com's exchange platform, various Cronos-native DeFi protocols, and select Cosmos ecosystem wallets supporting IBC connections.