Since its inception in 2016, Cronos crypto (CRO), developed by CRO Protocol Labs - Crypto.com, has aimed to provide a seamless cryptocurrency experience. Fueled by this goal, it has seen mass adoption around the globe. Cronos' rising curve has seen a steep acceleration and does not seem to slow down.

## What is Cronos crypto?

Cronos is a unique next-generation public blockchain created for buyers and sellers. It enables them to use and receive cryptocurrency easily while paying attention to privacy and security.

Crypto.com aims to put cryptocurrency in every wallet. The company takes a special interest in assets that increase value. This particular interest has propelled them to develop several investment opportunities that include:

•	A staking platform for CRO and NFTs.

•	Visa cards with cashback features.

•	DeFi protocols that pay interest.

•	Swaps and farming.

•	Other investment opportunities offering more than 14.5% interest.

## What is a CRO Token?

CRO (CRO-USD) is the native token for [Crypto.com](https://crypto.com/). Initially, it was known as Monaco (MCO), but was rebranded to CRO, matching its exchange, Crypto.com. It was an ERC-20, Ethereum-based token that was migrated to the Cronos blockchain ecosystem, launched in February 2022. The CRO token provides crypto-tied benefits, including buying and selling fiat currency, debit cards, trading, borrowing, and lending.

The total supply for CRO totals 30 billion. This is after the burning of 70 billion CRO tokens, the biggest crypto burning in history, which shocked the globe. The remaining 10.4% billion are secured by smart contracts to be burned monthly upon unlock.

The CRO supply is allocated as follows; 20% reserved as capital, 20% for the network's incentives, 10% for community development, 20% for frozen ecosystem grants, and 30% to be released within five years for secondary distribution alongside launching incentives.

You can use the Cronos crypto as an intermediary currency and to convert crypto to fiat and vice versa at affordable rates.

## How to buy Cronos crypto

The best platform to buy CRO is Crypto.com. However, CRO is not limited to its exchange but is also available on other popular exchanges like Huobi, Kukoin, and [Binance](/news/article/python-get-crypto-prices-binance). Here are the steps to follow to buy CRO:

1.	Select your preferred exchange – Ensure your exchange has listed Cronos. Look at the gas fee and ensure they suit your needs. Check to ensure that the exchange has an integrated wallet.

2.	Choose a payment method – After settling on a particular exchange platform, pick the best payment medium. Remember to check for associated fees. Issuers are fond of treating cryptocurrency purchases like cash advances that incur fees upon initiating transactions.

3.	Place your order – If you have already funded your account on the preferred exchange, you can now navigate to the Cronos CRO page. Select the amount you wish to invest on this page and press enter to continue.

4.	Choose your storage – While many exchanges come with integrated wallets, you can still store your CRO in an alternative wallet. You can choose between the "hot" wallet online or the "cold" offline wallet.

## The CRO price prognosis

Currently, the price for CRO is at $0.08074, ranking it as the 33rd cryptocurrency (26th January). In circulation, CRO supply sums 25,263,013 692 having a market capitalization of $1,579,112.361.
From the Energy Web Token (EWT) perspective, CRO has already hit its maximum retracement targets. A reversal is expected soon.
CRO has multiple utilities and thus offers high hopes for investing in it.

In 2023, according to our analysis, expect the price to range between $0.71 and $1.07. The average price should be $0.89. 

Moving forward to 2024, you can expect prices between $0.9 and $1.36, with an average price of $1.13. In 2025, the price could range between $1.15 and $1.73, averaging $.144. The 2026 expectations lie between $.146 and $2.20 and an average price of $1,86.

This is an optimistically smooth appreciation curve for long-term investors. However, remember that it is all based on its ongoing developments and social sentiment from the online community.

## Wrap up

Cronos crypto is still in its infancy. Having performed well last year and proven to have invested in interesting developments like credit cards, NFT staking platform, and DeFi passive earning schemes. 

CRO is likely to go up, but could just as easily go down. Crypto is volatile. Deep research of a specific cryptocurrency is needed before investing.


navy and green image of hexagon pattern with cronos crypto hexagon logo in centre

Cronos Crypto Price Prediction

Ever since 2017, DAI has been adopted and widely used because of its non-volatile characteristic. The belief is that certain cryptocurrencies will gain enough traction to be globally adopted and used for trading, enhancing the global finance ecosystem. But how do you convert DAI to GBP stablecoin?

## DAI

DAI is a decentralized cryptocurrency, specifically, a stablecoin. 

Stablecoins are crypto versions of traditional currencies like the US dollar (USD) that solve the volatility query with many cryptocurrencies. DAI is pegged to USD and maintains a 1:1 ratio against USD.

DAI is built on the Ethereum blockchain-based application. You can receive, store, and or transfer it to anyone despite their location without the need for an intermediary. Unlike other cryptocurrencies, it does have a central authority controlling its supply in circulation.

To get value, DAI relies entirely on demand. When you deposit ETH or any alternative ERC-20 token into the market as collateral, DAI is created and provided to you at a collateral loan ratio of 66%. This criterion increases the overall supply and acts as a prime value source.

Use cases for DAI include a secure store for value, a stable payment method, and a reliable tool for minimizing risk among crypto traders. You can also get access to loans without the need for approval from creditors.

## GBP stablecoin

GBP is a stablecoin backed by the sterling pound with an alternative market name of "pound token". You can redeem GBP one-for-one with the sterling pound.

While the initial launch was [Ethereum](/coins/eth) blockchain-based, the developmental team, Blackfridge, has plans to bridge other networks. You can buy and or sell GBP on Gate.io, Bittrex, and Uniswap.

The key reason behind this project was to provide a seamless way to convert fiat GBP to cryptocurrency without delay. Other use cases are a rigid value store and smooth exchange for value. The pound token goal is to provide stability and boost the stablecoin market confidence through strict regulation and frequent comprehensive audits. It aims to be the benchmark for other stablecoins.

## Converting DAI to GBP

To convert DAI to GBP, you need a wallet for storing your crypto. If you are a beginner, I would recommend opening an account at [Binance](https://www.binance.com/en).

Navigate to the buy/sell crypto tab and click on buy. Once you click on "buy crypto", the available payment options in your country will pop up. Key in DAI, pick your preferred payment means and enter your credentials. Press enter to confirm your order. Go back to your wallet and check your balance. It should reflect the purchased amounts.

Now go to [Binance Convert](https://www.binance.com/en/convert), found at the top left corner under the "Trade" section. On the 'convert' page, select DAI, and the desired token, GBP. Preview the conversion rate through the convert button. 

You can refresh every five seconds to get a new rate, perhaps a better one. Click on convert and GBP will be available in your wallet in less than a second. Ensure you follow these instructions to get the best conversion rates for DAI to GBP.



Green image of pile of GBP coins with DAI crypto coin in centre of the pile

DAI to GBP Stablecoin Conversion

[Nexo](https://nexo.io/) is a blockchain-based ecosystem providing instant crypto loans, supporting more than 20 currencies, including the most prominent like Bitcoin and Ethereum. The platform promotes the seamless acquisition of crypto loans in fiat money without relying on credit score history. It allows users to deposit supported crypto tokens into its blockchain's wallets and then proceed to receive their cash-based loans.

## Next crypto legitimacy

To its credit, Nexo is backed by Credissimo, a fintech team with millions of users and customers. The development team possesses decades of rich experience built on delivering instant customer loans, online payment services, and e-commerce financing. Credissimo seeks to revolve its functionality in digital assets through its modern technology. 

While other projects get stuck battling the scrutiny of regulatory bodies and solid public caution, Nexo crypto is free of worries. The Credissimo team runs under bold supervision from multiple European financial and banking services authorities. It's undoubtedly a legit platform with over four million clients.

## Goals in the crypto world

The base ambition driving the Nexo crypto project is to solve the most pressing problems identified by its developers in the financial industry.

Nexo wants to eliminate the idle state of digital assets, particularly with the proliferation of cryptos. As the mainstreaming of cryptocurrencies is ongoing, early adopters of this technology have accumulated enormous wealth. The developers are looking to touch base with investors, people in business, and non-professional users to let them tap into this wealth. Due to a lack of regulations and inadequate tech infrastructure, the accumulated idle wealth isn't beneficial. With Nexo, users hold crypto assets and secure access to cash in fiat currencies like USD.

Liquidating digital assets is tiresome and Nexo cuts down the process with readily available cash. While there are numerous crypto exchanges, each platform comes with unique requirements that vary drastically across these platforms. Furthermore, their withdrawal limits and slow procedures are unsuitable in a digital economy. Nexo seeks to eradicate these issues, giving more agility for seizing investment asset opportunities and accessing liquidity in less time.

Nexo frees users from the pressure of selling digital assets for fiat. Users profit from future prices tied to digital assets based on time. Crypto loans are an alternative to selling and allow users to keep capital gains while enacting wealth creation activity with their assets.

Fostering transparency and immutability on crypto loans, Nexo crypto loans are deployed on smart contracts in blockchain architecture. Users' funds are held in cold multi-signature wallets with verified custody standards through digital security companies; in this case, it's BitGo. In the preceding blockchain protocols' loan transactions, management was in the hands of peer-to-peer platforms relying on questionable legal agreements and often escalated to fraud. 

With Nexo, transactions' legal status is asserted by blockchain technology and further backed by the [Credissimo team](/news/article/what-is-blockchain).

## The Operation Model

Loans are channeled into users' accounts on the same day or the following through bank transfers involving SEPA, ACH, or SWIFT. If you opt for the instant ones, you get paired with the free Nexo card. The recipient's accounts are flexible – they can either be personal or business.

Loan limits are calculated basing the value of a user’s crypto assets. Moreover, additional credit is available with an appreciation of the assets.

Nexo Oracle, the heart of this platform, manages its operation domains which include the following:

•	Network governance.

•	Monitoring assets in real-time.

•	Analyzing data to manage loan distribution and repayment plans.

•	Determining users' loan limits, borrowing costs, collateral, and repayment period.

To establish clients’ credit worth without needing to check bank accounts’ ratings, Nexo Oracle calculates the Loan to Value (LTV) ratio. For instance, a user with 1000 USD in Bitcoin (BTC) gets assessed by Oracle’s algorithm to receive a 50% LTV ratio; the user can only borrow up to 1000 USD as the minimum fiat loan.

## Accessing and repaying Nexo crypto loans

### To get a loan, follow these steps:

1.	Transfer crypto assets into your Nexo account. After completion, the blockchain system initiates a series of validations for the specific asset. Based on the validity evaluation, Oracle determines your loan limit and prepares to issue it.

2.	You then receive an instant loan in fiat currency through your preferred option – a bank account or Nexo card. Again, you are given the freedom to choose which fiat currency to receive your loan. If your asset appreciates, Oracle increases your limit instantly.

3.	To repay your loan, you can choose between bank transfers and crypto. There would be additional discounts if you decided to repay using Nexo tokens. Alternatively, you can partially repay your loan by selling your account's crypto assets.

4.	Cryptocurrency in a Nexo crypto account can be withdrawn either fully or partially as long as you meet the obligatory limit tied to your account balance.

## Nexo crypto token availability

The native token for Nexo is NEXO, which is traded as a restricted security. Other perks include higher loan limits and a 30% profit share for holding NEXO. The total supply at the market cap is set to 1,000,000,000. It is available for trading on crypto exchanges like HitBTC.

## Final thoughts

As the crypto industry rises and sees mass adoption, crypto lending offers an opportunity for a trillion-dollar venture. If you want to unlock assets’ value without giving out ownership, Nexo is the best option.



What is Nexo Crypto?

[Biconomy](https://www.biconomy.io/) is one of the outstanding companies rooted in India, paving its way into the Web3 space. The company provides a cross-chain layer infrastructure handling transactions and gas payments bridging applications into Web3. It also owns the BICO token, which has been listed on many exchanges.

While many Web3 applications are built on Ethereum, the increased traffic is causing congestion on the blockchain. The congestion significantly raises gas prices forcing developers to seek alternative chains for their applications.

## Impact on Web3

Biconomy's network allows gasless transactions bringing down all costs for decentralized finance (DeFi) applications facilitating Web3 transactions. Some of its well-known products include Mexa, Forward, and Hyphen.

Mexa facilitates gasless transactions in decentralized applications (Dapps). Forward on the hand, allows users to pay their transaction fees using tokens instead of gas. Hyphen, the final product, provides fast and less expensive token transfers through different [blockchain](/news/article/what-is-blockchain) networks.

The combination of these products renders the protocol multiple uses. Users are empowered with the freedom to enjoy seamless gasless transactions while still interacting with layer1 and layer2 solutions. With time, it can be integrated into any Web3 platform with crypto-enabled transactions.

## Developer Perks

Many developers are already leveraging Biconomy and its multi-chain stack, offering a better user experience in Web3 products in de-Fi, NFTs, and gaming, among others. Users are provided with the following:

•	Plug-and-play Application Program Interfaces (APIs) and Software Development Kits (SDKs) – Among the network’s core features are APIs and SDKs that aid developers in building dApps with incredible user experience.

•	Gasless Transactions – With most Web3 apps, users must pay a gas fee for their utility. This cost hinders the mass adoption of Web3 products. As with platforms like Netflix, users do not pay server fees every time they watch movies. Similarly, Biconomy users are free of charge.

•	Multiple Currencies – While most Dapps are built on Ethereum, their dominant payment option is ETH. Biconomy supports multiple tokens and allows users to make payments with their preferred currencies.

•	Simplified User Interface – Interacting with Dapps entails creating blockchain transactions requiring crypto knowledge and technical; experience. In this case, the user interface has been optimized to the highest levels of simplicity.

•	Cross-chain Transfers – It is not easy to make transfers between chains. The inherent multi-chain characteristic facilitates transactions on blockchain arrays and L2s. It also eases communication while securing value from different chains.

## Biconomy Coin Functionality

Biconomy’s native token is BICO, launched last year and runs as an ERC-20 token on the Ethereum blockchain. BICO has the following functions:

•	Network Fees – The re-layer infrastructure network is maintained by node operators acting as validators and executors for settling and verifying transactions. Node operators must pay a transaction fee in $BICO when adding new transaction data on the chain and, in return, earn $BICO based on the work done on the chain.

•	Stakeholder Incentives – BICO holders are entitled to earning passive incomes through staking. The Proof of Stake (PoS) and liquidity pool integrated into the network assert high security and 100% uptime.

•	Network Governance (Voting rights) – BICO holders have the right to vote, submit requests, and feedback that, when incorporated, shape the future of Biconomy's milestones and endeavors. The governance operation model entails participating in numerous activities like changing the network code, adding and removing services, and allocating funds from the treasury.

## Who is building the BICO crypto?

Biconomy foundation dates to 2019 with the following founders: Aniket Jindal, Sachin Tomar, and Ahmed Al-Balaghi. The team comprises Indian nationals with a great passion for blockchain technology. Jindal brings a wealth of knowledge after studying at the Prestigious Fudan University and years of experience working with Binance. Balaghi is a seed founder and investor in Polygon (previously the Matic network). Tamar has been an engineer at Samsung Electronics and an early Ethereum blockchain enthusiast.

According to [BybitLearn](https://learn.bybit.com/), on 21 July, 2021, the trio raised $9 million through private funding led by the Mechanism capital. Other companies, like Coinbase ventures, have also invested in Biconomy. Additional significant fundraising includes the recent October, which totaled $11.5 million through the public sale of BICO tokens.

## Biconomy Price

BICO hit its all-time-high (ATH) price, $21.87, in December 2021. While we have seen significant down trends in the market with the crypto winter, BICO is not exceptional. Looking into January 2021, it had dropped to $3.50, and as of the time of writing, it’s at $0.43995.

Biconomy is platform building for the future of DeFi and adoption for Web3. Each day, it onboards new partners and will reclaim its ATH in the coming days.

## Putting it All Together

The performance of BICO has not been stellar. However, the developmental team demonstrates clear use cases for its outstanding innovations. Biconomy is looking to be a worldwide facilitator for Web3 transactions.




blue image of crypto coins and biconomy logo

What is Biconomy?

I am here to tell you about two famous crypto card offerings from [Nexo](https://nexo.io/) and [Binance](https://www.binance.com/en) and which one you should pick.

Crypto cards are becoming famous among people as there is a rapid growth of popularity in cryptocurrency. Now people have the option to purchase anything they like with cryptocurrencies. But what are crypto cards, you might wonder?

Crypto cards are just like any regular bank debit or credit card used to pay for goods or services and earn crypto cashback. These cards are issued by crypto exchange companies partnering with the card payment companies like Visa or Mastercard.

## Nexo card

Nexo was founded in 2018 by Antoni Trenchev and others and claims to manage $15 billion worth of assets. 

The card was launched on 13 April, 2022, by partnering with Mastercard. You can use this card like a credit card without selling your crypto assets stored in your account. To put it in simple words, Nexo gives you fiat money to spend on goods and services, but instead of converting your crypto balance to fiat, it uses them as security for you to pay later. The card is accepted in 92 million stores globally where Mastercard is authorized, enabling users to spend up to 90% of the value of their crypto holdings in currency.

## Additional Features of Nexo card:

•	You earn up to 2% rewards/cashback on every transaction or ATM withdrawal.

•	It is available with Android or IOS, where you can control the card's settings.

•	You can pay interest in Crypto or fiat money.

•	Credit interest starts with 0% APR.

![nexo 1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/nexo_1_cf897ec697.png)
  
## Binance Card

[Binance](/news/article/guide-to-binance-uk), founded by Changpeng Zhao in 2017, is one of the largest cryptocurrency exchanges. The card was launched in early 2022 by partnering with Visa and offers a crypto debit card. Crypto debit card converts your crypto balance into merchant's currency in real-time when you buy any item. This means you need to have an adequate balance in your account wallet when using your card. Binance card is accepted in more than a 60+million stores worldwide. 

## Additional Features of Binance card:

•	You earn up to 8% BNB cashback on every transaction.

•	It is supported by Google Pay and Samsung Pay.

•	Lowest fees in the market.

•	Hold cryptocurrency and only exchange it when you swipe your card.

![nexo card 2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/nexo_card_2_11326f3a3b.png)
  
Both crypto cards have various features depending upon the need. I hope this helps you to decide which one to choose.


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