Get in touch with the Cros Token

The CROS token serves three distinct purposes:  governance over the network, staking, and validation.

Governance

Given that the organization is the root of the solution, $CROS holders will have significant control over the protocol, whereby they will be able to participate in exceptional events such as protocol upgrades and fixes.

Staking

The platform is designed using game theory to incentivize $CROS holders to behave honestly and secure the network. Good players will be rewarded by this mechanism and bad players will be fined and ultimately lose their stake.

Validation

The network selects validators to verify each transaction on the blockchain to safeguard your data. Validators make sure that all activities on the network reflect the values of the community, which creates a democratic system owned by its users.

FAQ

What are CROS?


CROS are the token native to the Cros network for the purpose of carrying out the key functions of the platform as detailed below.




Is CROS an ERC20 Token?


No, CROS is native to the Cros Network platform.




What are the functions of CROS within Cros Network?


CROS will serve three key functions in Cros Network, namely (i) providing governance for the network, (ii) operating the network, and (iii) value chain validation by staking CROS.

The first function of CROS is to entitle holders to complete governance control over the platform. Included in this governance function is determining the fees of the network, the auction dynamics and schedule for the addition of features, and exceptional events such as upgrades and fixes to the Cros platform. These functions are not formally granted to CROS holders, but rather the underlying code of Cros Network will enable CROS holders to participate in governance.

The second function of CROS will be to facilitate the consensus mechanism that underpins Cros Network. In order for the platform to function and allow for valid transactions to be carried out across network, Cros Network will rely on CROS holders to play active roles. Participants will put their CROS at risk to perform these functions, which acts as a disincentive for malicious participation in the network. CROS required to participate in the network will vary according to the activity undertaken, the duration CROS is staked for, and the total number of CROS staked.

The third function of CROS will be the ability to validate value chains by staking up CROS. The CROS will be locked during their period.




What rights will CROS confer on their holders?


CROS holders will have certain functions within the Cros Network platform, including:

  • The ability to act as a validator, collator, or nominator.
  • The ability to participate in the governance of Cros Network.
  • The ability to participate in the decision-making process in relation to global upgrades and/or changes to Cros Network.





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