The CRO token began as part of the Crypto.com exchange, but has found a wider role
- How many CRO have been burned?
- Supply and demand
- Who owns CRO?
- A token, not a coin
- What crypto.com and CRO do
- How many CRO are there?
The crypto.com (CRO) token is a cryptocurrency that started off being linked to the Crypto.com exchange, but has since taken on something of a life of its own.
How many crypto.com (CRO) coins are there? Let’s look at the statistics.
How many CRO are there?
In simple terms of how many crypto.com coins exist right now, as of 15 February 2022 there were 25.2 billion CRO in circulation, out of a total supply of a little more than 30.263 billion. This means that supply is relatively limited.
DOGE, for example, has a theoretically limitless supply. On the other hand, the supply of CRO is considerably larger than that of bitcoin, which has a limit of 21 billion. Perhaps a better comparison can be made with ripple (XRP), which has a maximum supply of 100 billion coins, of which around 47.74 billion are in circulation.
Supply and demand
Part of the reason that bitcoin is worth so much is because it has a relatively small supply. As a result, it is fair to assume that CRO will be worth much less than BTC but quite a bit more than DOGE and should, theoretically, be more expensive than XRP.
As of the afternoon of 15 February, this was partly true. The CRO price of just over $0.49 was much less than bitcoin’s price of just over $44,000, and considerably more than dogecoin’s value of around $0.15.
Where that idea does fall down, though, is when it comes to the price of XRP, which was higher than CRO, standing at about $0.83. That said, it may be possible that the demand for XRP is higher in general than that for CRO, which may change things.
A token, not a coin
CRO exists on the Ethereum blockchain. While Crypto.com is keen to herald the potential of its Crypto.com chain, the chain is not, exactly, a separate blockchain in and of itself, but a network that relies on Ethereum to function.
How many CRO have been burned?
The token’s white paper says that 70 billion CRO have been burned in order for it to settle at the amount it is now. Of that 70 billion, 20 billion came from the token’s capital reserve, 5.5 billion came from the community development fund, 10.4 billion from secondary distribution and launch incentives, 19.1 billion from ecosystem grants and 15 billion from network long-term incentives.
Who owns CRO?
There are 214,950 wallets with CRO in them as of 15 February 2022. That sounds impressive, but needs to be balanced against the fact that, as of November 2021, there were 10 million accounts on crypto.com and an estimated 300 million crypto holders in the world.
One wallet holds 5.21 billion CRO, or 5.21% of the 100 billion that were originally planned to exist before 70 billion was burned.
What crypto.com and CRO do
Finally, it would be wrong to talk about crypto.com (CRO) without explaining what it does.
CRO is the native token of the Crypto.com chain, which is operated by the Crypto.com exchange. As the white paper says, the idea is for the chain to make using blockchain easier and more accessible and to ensure that there is “cryptocurrency in every wallet”.
Whether it can succeed in that mission, and whether CRO really will be a currency in every wallet, remains to be seen. CRO is used for staking and for powering the network, and can be bought, sold and exchanged.
Yes, there is. There were originally 100 billion CRO, but around 70% of that has been burned, leaving a total supply of around 30 billion, of which 25.26 billion are currently circulating as of 15 February 2022.
As of 15 February 2022, there were 25.26 billion CRO circulating out of a total supply of 30,263,013,692, meaning there were 5,003,013,692 CRO left to come into circulation.