Cronos (CRO) is one of the most popular crypto protocols for staking. Let's investigate the rewards for CRO.
Cronos is the native token for the crypto.com exchange, one of the biggest exchanges in the world. It was originally created as an ERC20 token on the Ethereum network under the name crypto.org coin, but has since rebranded to Cronos to fit in with crypto.com's general brand. Cronos operates on a Proof of Authority model.
Proof of Authority is similar to Proof of Stake, except the blockchain uses identity instead of coins. Users with the most authority have control over the network. This allows a network to be private, because there is no need for minting.
Cronos is tied to crypto.com, so its success hinges on the success of crypto.com. Despite enormous sponsorship and advertising deals around the world, crypto.com is just the 14th largest crypto exchange in the world by volume.
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The reward for staking cronos is between 0 - 5% APY and depends on which tier of card you have from Crypto.com.