Crypto.com: Cronos Accelerator Partners – The Cryptonomist
Crypto.com has announced new partners for the Cronos Accelerator: the program dedicated to supporting blockchain applications. Meanwhile, have CRO crypto has had a price dump of 6% in the last 24 hours.
Crypto.com Announces First Cronos Accelerator Partners: How Will The Price Of Crypto CRO React?
Crypto.com’s platform, Cronos acceleratorwhich is dedicated to supporting startup teams looking to build scalable blockchain applications, has announced new partners.
The #Cronos The Accelerator Program is here to help your Web3 project succeed with the necessary tools and resources! 💪
We are proud to introduce our first batch of partners who will work alongside select teams to achieve new levels of growth and success 👇 pic.twitter.com/IDWmIuc9fk
— Cronos (@cronos_chain) 16 February 2023
Mainly the Bitquery, BlockSecTeam and RockX teams were announced. Bitquery offers key products to analyze, index and store blockchain data in a unified way and provide insights via APIs and explorers.
BlockSecTeamon the other hand, is a blockchain security startup that uses reliable and insightful tools and conducts cutting-edge research.
And finally, RockX which is a leading staking platform in Asia with expertise in mining, staking and protocol research.
Crypto.com: What is the Cronos Accelerator Program?
On the official Cronos Accelerator website, the program defines the kind of teams it is looking for. These are layers that build in DeFi, GameFiSocialFiand Infrastructure that has the product as its core.
In addition to also being looked after is teams that innovate to fill a void in the Cronos ecosystem and bring new use cases for the community by adding high value.
And finally, additional qualities of the team must be strong motivation and experience to build the best companies in the world.
Generally, to be selected, Cronos Accelerator requires submitting projects that are pre-seed and seed, or a working prototype or MVP that would be a plus.
For those selected as the 3 teams of Bitquery, BlockSecTeam and RockX are offered the Cronos Accelerator Program every 3 months, with support in key areas such as Technical, Tokenomis, Legal, Commercial, Marketing and Fundraising. On top of that, an access to a network of top mentors and investorswith key names in the crypto and VC industry.
In addition, these teams will receive one immediate salary of $30,000 and future investments in projects of up to $300,000 from the ecosystem fund, which is $100 million from Cronos Labs and strategic partners such as Crypto.com Capital.
In return The Cronos Accelerator program requests a 1.5% future supply of tokens and/or shares and an option to participate in future rounds at a discount.
The price of CRO
During the last 24 hours, Cronos (CRO) has experienced a 6% price dumpand brings it from $0.080 to $0.077.
A pre-pump price reversal on February 15 that had instead seen CRO reach as low as $0.081 the following day.
Nevertheless, CRO has been one of the cryptoassets making headlines as early as late January 2023 on the trend, which, while choppy, has been bullish. And indeed, CRO’s price managed to reach $0.084 in early February.
Currently, CRO is in 35th place in the crypto ranking, with a total market value of just under 2 billion dollars. Nevertheless, at the end of January, Cronos’ position was 32nd, despite having a lower market value than today.
