coincodex.com
Key Highlights:
- Leading blockchain project, Cronos has unveiled recent integration with one of the biggest crypto wallets as $CRO staking is now live on Trust Wallet.
- The staking feature empowers users to earn rewards by locking their $CRO tokens and actively participating in securing the network. Users can leverage a wide range of staking validators in-app and some of the best APR% around.
Renowned Cosmos-built and EVM-compatible blockchain, Cronos announced that it has received support from Trustwallet, a leading crypto wallet, to enable the staking of its token $CRO on the renowned crypto.org chain.
Over the years, Trust Wallet has emerged as one of the top-rated cryptocurrency wallets in the industry, hence the integration propels the utility of $CRO for millions of users. The enabling of the $CRO staking feature on Trustwallet marks a significant milestone for the Cronos network, as it opens up new opportunities for its users.
Nonetheless, it is noteworthy that with Trustwallet's immense user base of 60 million users and 10 million monthly active users, the adoption of $CRO staking is expected to lead to a significant increase in demand and utilization. The staking feature empowers users to earn rewards by locking their $CRO tokens and actively participating in securing the network.
Also, the feature exposes users to the opportunity of exploring loads of options featuring a wide range of staking validators in-app while utilizing some of the best APR% around. Apparently, this move reinforces the decentralized nature of the crypto space and encourages users to actively contribute to the security and governance of the Crypto.org chain.
The unveiling of this remarkable development appears to have received a warm embrace from many users of the network. Taking to Twitter to announce the addition of $CRO staking on Trustwallet saw a stating his belief that with 60M total users & 10M active users monthly, $CRO is definitely getting the exposure that it deserves. Further emphasizing that it is a bullish move.
Cronos Network Unveils Unique Innovation to Enhance Its Growth
With the Cronos Network coming up with several innovations in recent days, it appears that the network is keen on driving broader adoption and solidifying its foothold in the crypto space.
Cronos has recently revealed a new initiative, the Summer Cruise, in partnership with Galxe, following plans to captivate participants. The Summer Cruise offers an exciting opportunity for all users to take part in a thrilling contest with a massive prize pool of $20,000, to be paid out in CRO tokens. This unique event aims to foster engagement and involvement within the Cronos community while showcasing the strength and vibrancy of the ecosystem.
In another remarkable development aimed at further enhancing the user experience on its network, Crypto.com's DeFi wallet, powered by Cronos, has introduced support for two new cryptocurrencies, Arkham and Worldcoin. Arkham, despite facing a recent -4.47% decline, and Worldcoin, experiencing a remarkable surge of 16.96%, can now be bought, sold, and stored directly on-chain through the specially integrated wallet.
Notably, the integration of these tokens into the DeFi wallet expands the range of investment options available to users, stimulating trading activities, and bolstering the overall liquidity of the Cronos ecosystem.