Blockchain technology is gradually being integrated into all spheres of human activity. Moreover, there are projects aimed specifically at accelerating this process and ready-made technical solutions that can be used by almost any user.
White label crypto exchange software can be deployed on any blockchain that provides the necessary technical base and customize the interface for the specifics of your business.
Crypto.com is one of the largest exchanges that supports a significant number of crypto assets and other blockchain-based products.
Crypto.com Chain (until 2018 – Monaco) is one of the ecosystem projects aimed at expanding the use of blockchain in everyday life. One of the tasks to achieve this goal is to make cryptocurrency as simple and familiar means of payment as fiat currencies.
For this, Crypto.com Chain offers users:
- The most convenient interface.
- The ability to sell your products without commissions to sellers.
- Decentralized money transfers.
The product line of the company is systematically replenished with new developments. In particular, cryptocurrency credit cards have already been issued and are functioning.
There are two tokens operating in the ecosystem: the main security token MCO and the utility token CRO, issued in 2018 for conducting trading operations on the network.
Features of the CRO token
CRO is used as an investment and trading instrument. In the Crypto.com ecosystem, the token gives holders the opportunity to receive increased staking rewards, high cashback, discounts on commissions when trading on the Crypto.com exchange.
The token was created on the basis of Ethereum using the ERC-20 protocol and can be stored in any wallet that supports this format.
The highest level of protection for your assets is provided by the so-called cold wallets, which are not connected to the Internet most of the time, and therefore are not accessible to hackers.
If you plan not only to invest in cryptocurrency, but also to actively make money on it, it makes sense to leave part of the funds on the exchange wallet for trading, staking and other opportunities and earnings available on the exchange.
Where is CRO traded?
CRO is available on several major exchanges. The largest number of trading pairs the coin forms on Crypto.com.
However, the search for a site where a direct CAKE to CRO exchange is possible will most likely take too long. In addition, there are many openly fraudulent projects among the little-known trading platforms.
In order not to complicate your life with a long search for a suitable platform or two exchange operations using an intermediary cryptocurrency, you can go the other way.
LetsExchange, an instant cryptocurrency exchange platform, will come to the rescue. After you indicate in the exchange widget the amount of CAKE for sale for CRO and top up your balance, the system will find the deal you need with the most favorable conditions in a matter of seconds.
After confirming the application, the transaction is performed automatically, almost instantly and without additional fees.
LetsExchange does not provide a client wallet and the exchanged coins are credited to your wallet immediately after the exchange is completed.