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What is Crypto.com | CRO coin price prediction | Complete details in plain English - YouTube
Channel: Katoch Tubes
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In the last video, I talked about
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Binance coin and in this video, I will talk
about a new coin which has similar use
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case as that of Binance coin
but available at a fraction of price.
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Welcome to Katoch Tubes.
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I'm your host Paras and in today's video,
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I will talk about this coin which is
CRO coin by crypto.com.
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I will talk about its use case, it's price
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prediction and much more.
Before I start the video,
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if you are a reader and wish to read about
cryptocurrencies, you can click on the link
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in the description and read everything
that you wish to learn about cryptocurrencies
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and also you can visit
my website which is Katochtubes.com
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and learn about cryptocurrencies.
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Having said that, now let's
start the video and explore CRO coin.
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Let me take you through the list of topics
that I'm going to cover in this video.
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I will start with, What is Crypto.com?
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What is CRO coin?
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Then I will talk about what is Crypto.org?
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A quick tour of crypto.com
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products.
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CRO coin burn program.
Followed by benefits of CRO Coin.
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CRO Coin price prediction. Where to buy CRO
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coin? And Is CRO coin
worth investing in or not?
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So I will start with, What is crypto.com?
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Crypto.com
is a popular exchange which was
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launched in the year 2016 with a single
mission in mind and that is to accelerate
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the growth and adoption
of cryptocurrencies across the globe.
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And it does so
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by launching its own products and
services related to cryptocurrencies.
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Its products range from Crypto wallets
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to Crypto Visa Card, and also it rewards
users who stake coins on its exchange.
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It is known to provide the lowest
transaction fee possible on its platform,
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of course for the high volume traders.
It has a current user base of over 10
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million users which are registered
on platform and trade cryptocurrencies.
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Now that brings me to the next
question. What is CRO coin?
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It was launched in the year 2018 as
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an ERC20 token,
which means it was built first on Ethereum
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before migrating to its own
blockchain, which is crypto.org
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in the year 2021.
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CRO Coin has a total supply
of 30 billion tokens.
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Now, it has key features which are
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similar to that I have
discussed for Binance coin.
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It is used for trading,
it is used for payments and it is also used
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to offer discount to user who use
CRO tokens on the CRO exchange.
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Now that brings me to the next
question. What is Crypto.org?
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So just like Binance have Binance Smart Chain.
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Crypto.org is the own blockchain
which is built by Crypto.com,
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the company itself.
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The main purpose of building
the blockchain is to build an ecosystem
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of cryptocurrency which are
independent of Fiat currencies.
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Yes, Crypto.com
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is in the forefront of promoting
cryptocurrency and to complete this vision
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they launched a set of products and
services which you can see on the screen.
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So their products and services.
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start with Crypto.com Pay
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which is an all in one
payment solution for merchants.
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Second is Crypto.org
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which is an open-source
blockchain designed by the company.
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Next is Crypto.com
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Exchange that I talked about earlier
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which is buy, sell and hold cryptocurrency
just like any other exchange.
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Next, they have Crypto.com app.
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The mobile app to access
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Crypto.com services.
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Next and the special one they have Crypto.com
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Visa card which is unique to this
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platform. It is an alternative
to Fiat with no annual fee and upto 8%
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cashback on CRO, you can access mainstream
services like access to Airport Lounges
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cash withdrawal from the ATM
using this Visa card.
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And Next is Crypto.com wallet
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which is again built
to store cryptocurrencies. After Crypto.com wallet
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The next product it has is crypto credit,
which is, get a loan against
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the cryptocurrency deposited as collateral.
So you can deposit the cryptocurrency
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and you can take a loan against
the deposited cryptocurrency.
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Finally, it has Crypto earn which is,
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staking coin on the exchange
to earn interest on your deposits.
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So these are the products and services
which are being offered by Crypto.com
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as an extension to its ecosystem.
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And of course, they are using CRO
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coin as the native token to power
all these products and services.
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So after taking a tour of products
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and services, you can
get an idea what Crypto.com
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have in mind about
promoting the CRO coins.
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Now that brings you to the next question.
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What is CRO coin burn program?
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When CRO Coin was launched,
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there are a total of 100 billion
tokens which are there in circulation.
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Of course, 75% of them was
being held by Crypto.com
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as a backup capital
to power their exchange.
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Crypto.com
has burnt a total of 59.6
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billion coins and the remaining 10.4 billion
was burned as part of Smart contract
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completions. So you can clearly
see out of 100 billion.
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Now we are left with 30 billion
and of which only 25 billion are
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in circulation and 5 billion
are held by Crypto.com
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itself.
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After talking about the supply of CRO
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coin, let's talk about
the benefits of CRO coins.
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So number one benefit,
definitely a discount coupon.
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So CRO Coin is actually a kind of discount
coupon just like you have Binance coin
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BNB token which is used on the Binance
network to get a trading fee discount
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every time you trade Binance
token on the exchange.
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Similarly, CRO Coin
also acts as a discount token.
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You can use it to get more
discount on Crypto.com
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every time you wish
to trade on the platform.
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Second, it is also used for staking.
If you stake your coins on Crypto.com,
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it will reward you
with more CRO tokens.
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Staking rewards depends upon the volume
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that you have staked on the platform.
And the next benefit that it offers,
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it is part of its own
payment gateway, which is
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Crypto.com Pay and that is used by the merchants
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to accept or transact CRO
coins as a form of payment.
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So these are some set
of benefits of CRO coin.
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For more details,
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you can click on the link in the
description and read about CRO coin.
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Next, I will talk about
CRO coin price prediction.
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At the time of creating the video, it
is ranging between 15 - 20 cents.
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Now we have clearly seen the use case
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of CRO coin and that is also
powering the ecosystem of Crypto.com
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Moreover, now you know about the products
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and services that are
being offered by Crypto.com
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and they are all
powered by CRO Coin.
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Now, if the adoption rate of the Crypto.com
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exchange has to increase and also
if it leads to the increase
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of the adoption rate of its products
and services.
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Expect the increase in the price level
of nearly equal to between the range
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of $1 to $5
in the next bull run.
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But that all depends upon, how the users
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react to the products and services
that are being provided by this platform.
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Of course, the ecosystem of Crypto.com
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has a long way to go and it is
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following the trajectory of something
on the footsteps of Binance coin.
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Next, I will talk about - Should you
invest in CRO coin or give it a pass.
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So clearly if you believe in the products
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and services that are being offered
by CRO Coin,
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if you believe in the exchange itself,
if you believe in the use case of CRO
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token, then you should feel
free to invest in this token.
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Else there are similar tokens like you
have Binance coin BNB,
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and then you have Wazirx WRX Coin,
which are performing the similar set
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of functions that are being
performed by CRO coin.
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Crypto.com
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as a platform has a long way to go
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and a lot to prove before it becomes
mainstream and accepted by a larger group.
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Till then, I am quite
neutral on this project.
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Of course, I believe in the product
and services and the increase in adoption
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rate will definitely increase
the price level of CRO coins.
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So that's all about the video.
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If you liked the video too,
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do like & share and watch the video shared
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on the screen, I see
you in the next video.
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Till then.
Take care and have a good day.
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