The total amount of cro coins issued
The total issuance amount of CRO coins is 30 billion, which are gradually issued through an allocation and issuance mechanism, aiming to support the platform governance, fee discounts, staking rewards and ecosystem development of the Crypto.com ecosystem.
Total amount of CRO coins issued
Total amount of issuance: 30 billion
Issuance mechanism
CRO coins are issued by the cryptocurrency trading platform Crypto.com and use an issuance mechanism called "distribution issuance". This means that CRO coins are not issued all at once, but gradually according to a predetermined schedule.
Allocation details:
- Founder team and early investors: 20% (6 billion coins)
- Community ecosystem: 30% (9 billion coins)
- Platform operation: 20% (6 billion coins)
- Ecology System Development Fund: 15% (4.5 billion coins)
- Venture Capital and Strategic Partnership: 15% (4.5 billion coins)
Issuance Timetable
The issuance schedule of CRO coins is:
- November 2018: Release the main network and issue 2 billion CRO coins
- 2019 to 2020 Year: CRO coins will be gradually issued according to the distribution and issuance mechanism, with an annual issuance of approximately 5 billion
- It is expected that by 2025: the remaining CRO coins will be issued, reaching a total issuance of 30 billion
Purpose of issuance
The issuance of CRO coins is intended to support the following aspects of the Crypto.com ecosystem:
- Platform governance: CRO coin holders can Participate in platform governance, such as voting on platform policies and features.
- Fee discounts: Holding CRO coins can enjoy fee discounts on platform operations such as transactions, withdrawals, and loans.
- Staking rewards: Staking CRO coins can earn rewards in Crypto.com DeFi Swap.
- Ecosystem Development: A portion of CRO coins are used to fund community projects and ecosystem development initiatives.
The above is the detailed content of The total amount of cro coins issued. For more information, please follow other related articles on the PHP Chinese website!
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