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About CROS

CroSwap (CROS) is a cryptocurrency launched in 2022. CROS has a current supply of 26.76M with 0 in circulation. The last known price of CROS is 0.00104119414 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://www.croswap.com/.

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CROS Price Statistics
CROS’s Price Today
24h Price Change
-$00.00%
24h Volume
$00.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#3532
CROS Market Cap
Market Cap
$0
Fully Diluted Market Cap
$27,863.34
CROS Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
CROS Supply
Circulating Supply
0
Total Supply
26.76M
Max Supply
0
Updated Aug 20, 2023 2:30 am
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CROS
CroSwap
$0.00104119414
$0(-0.00%)
Mkt Cap $0
There's nothing here for now
Italy Proposes Significant Increase In Crypto Capital Gains Tax
Italy Proposes Significant Increase In Crypto Capital Gains Tax
According to Cointelegraph, Giancarlo Giorgetti, the Italian Minister of Economy and Finance, has defended a proposal to raise the capital gains tax on cryptocurrencies, including Bitcoin, to 42%. Speaking at a World Savings Day event on October 31, Giorgetti highlighted the high risk associated with digital assets, justifying the government's decision to amend the capital gains tax. The Italian Council of Ministers has approved a budget bill to increase the withholding tax on Bitcoin from 26% to 42%. However, this proposed tax hike is still pending review and approval by Italian lawmakers before it can be implemented. Giulio Centemero, a member of Italy’s Chamber of Deputies, expressed concerns on October 16, stating that taxing cryptocurrencies could be counterproductive and called for further discussions among lawmakers. The proposed budget aims to generate approximately $18 million annually by raising the crypto tax rate. In 2023, lawmakers had already increased the capital gains tax on crypto trading exceeding 2,000 euros to 26% as part of a budget plan. As a member of the European Union, Italy will still adhere to the Markets in Crypto-Assets (MiCA) framework, which is set to take effect for crypto asset service providers in December. While MiCA will not impact a government's ability to tax crypto, it aims to regulate stablecoin issuers, protect exchange users, and address market manipulation.
Nov 01, 2024 12:34 am

Frequently Asked Questions

  • What Is CroSwap (CROS)?

    CroSwap is an exclusive Automated Market Maker (AMM) based decentralized Exchange platform (DEX) designed to facilitate automated trading of decentralized finance tokens (DeFi) on multiple blockchain networks. CroSwap is designed to be the most user-friendly DeFi platform for users to be able to learn, swap, and earn high yields.

    Our exchange allows you to trade assets without using Centralized Exchanges. All transactions initiated on CroSwap are routed directly through your decentralized wallet. Your assets remain in your possession rather than relying on a Centralized Exchange to secure your assets. Our multi-chain DEX is primarily based on the Cronos Network. We strive to provide an optimal trading environment for our users. We currently have a 0.2% trading fee, which is one of the lowest trading fees on the Cronos Network.

    CROS is the primary utility token that is used for:

    • Incentivizing liquidity provisioning in our unique pool and yield farming.
    • Obtaining access to products/opportunities in our ecosystem.
    • Reducing fees on eligible products in our ecosystem.

    The main function of CroSwap’s token CROS is to incentivize the liquidity provision to CroSwap’s Ecosystem. Users are able to stake and lock in specific Liquidity Pairs to help CroSwap maintain and grow overall liquidity backing in return for rewards (in the form of LP tokens). Rewards are scaled based on the amount of LP tokens a user has committed relative to the overall amount of LP tokens staked across the ecosystem for that specific farm.

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  • Who Are the Founders of CroSwap?

    CroSwap is the flagship product of HLWGroup, a technology company focused on cryptocurrency development and management as well as video game development.

    Our core software development team has over 120 years of combined software engineering experience, capable of flexing for larger projects as needed. Our business development team has over 100 years of project management experience. We operate primarily in the U.S. with offshore resources around the world.

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  • What makes CroSwap Unique?

    CroSwap is the first DEX built using the newly finalized EIP-2535 Solidity Standard, commonly referred to as The Diamond Standard.

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  • What is a Diamond?

    A diamond is a contract with external functions that are supplied by contracts called facets. Facets are separate, independent contracts that can share internal functions, libraries and state variables.

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  • Why the Diamond Standard for the CroSwap Ecosystem?

    Why did we focus on the Diamond Standard? Our base launch feature sets BLEW away from the EVM speed limit for traditional smart contracts. Our engineers quickly realized that we would need to migrate to new patterns or be faced with cutting features. Additionally, we need a framework that needs to be easily extensible. Our business development team is constantly coming up with new utilities which means we need to be able to easily support post-launch updates with minimum upgrade costs to the organization or our community.

    These requirements made using the Diamond framework a no-brainer for the following reasons:

    • Only one address is exposed to the outside world thereby reducing deployment, testing, and integration costs.
    • Utilities can be introduced, maintained, or deprecated without requiring any updates to the main diamond contract. This means that our holders do not need to worry about migrating tokens and/or NFT’s when we are introducing the utilities.
    • The diamond contract and the associated facets are completely transparent on the blockchain.
    • Gas costs for the project and our holders are reduced by calling multiple contracts within a single transaction.
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  • What is the all-time high price of CroSwap (CROS)?

    The all-time high of CROS was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of CroSwap (CROS) is 0. The current price of CROS is down 0% from its all-time high.

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  • How much CroSwap (CROS) is there in circulation?

    As of , there is currently 0 CROS in circulation. CROS has a maximum supply of 0.

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  • What is the market cap of CroSwap (CROS)?

    The current market cap of CROS is 0. It is calculated by multiplying the current supply of CROS by its real-time market price of 0.00104119414.

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  • What is the all-time low price of CroSwap (CROS)?

    The all-time low of CROS was 0 , from which the coin is now up 0%. The all-time low price of CroSwap (CROS) is 0. The current price of CROS is up 0% from its all-time low.

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  • Is CroSwap (CROS) a good investment?

    CroSwap (CROS) has a market capitalization of $0 and is ranked #3532 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze CroSwap (CROS) price trends and patterns to find the best time to purchase CROS.

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