Question concerning Crypto.com and CRO

[KiaKia]

Is there anything decentralisation in the world of CRO / Cronos Chain? I know that this project belongs to Crypto.com, same as the smart contract too but a project that's 100% built on a centralised idea.....

Is it possible to trust any project running on such blockchain project? I am not sure that VVS finance is a dex either..

For someone who doesn't like centralised projects do you think I should stay away from anything running on CRO?

[Charles-Tim]

Others like ethereum, binance coin and others are also centralized. If you need a decentralized coin, bitcoin will be the good choice. Altcoins are centralized.

[Plaguedeath]

CRO is just a shitcoin created by Crypto.com and this exchanges is centralized. VVS Finance is a fake decentralized project, although it's decentralized finance, but it doesn't have relation with decentralization.

If you have a concern with decentralization, you're must use Bitcoin as your cryptocurrency, Bisq as your decentralized wallet and hardware wallet e.g. Ledger for better security to hold Bitcoin for long term period.

[boyptc]

Is it possible to trust any project running on such blockchain project?

Yes.

It's your choice if you'll trust them. Just like people trusting centralized projects like BNB, XRP and other sort of centralized projects.

For someone who doesn't like centralised projects do you think I should stay away from anything running on CRO?

If you don't like centralized projects then just keep yourself away so that you don't associate with them. But if you see some opportunities that you can do some trades on it and make money as you dump it, you have the choice to make and you've got free will.

[jackg]

It's pretty centralised and gets controlled a lot by them (in things like staking) I'd stay away from it if you don't like centralisation. The same would go for binance coin.

Eth is mentioned above as being centralised and I doubt that but its pos mechanism still needs to prove itself -   and it's also likely overvalued. Bitcoin is the most well known and most decentralised so far though.

[TastyChillySauce00]

Is there anything decentralisation in the world of CRO / Cronos Chain? I know that this project belongs to Crypto.com, same as the smart contract too but a project that's 100% built on a centralised idea.....

CRO chain itself centralized. CRO itself was pretty much the same like second layer solution that has been running by a few nodes that being trusted by crypto.com exchange site. There's no decentralized exchange site that has been running by a few nodes fully controlled by exchange site.

Is it possible to trust any project running on such blockchain project? I am not sure that VVS finance is a dex either..

it's always possible but this actually depends on so many factors. That's a new thing for me.

For someone who doesn't like centralised projects do you think I should stay away from anything running on CRO?

You shall not stay away but always try to use your own research for that.

[uneng]

CRO is just a shitcoin created by Crypto.com and this exchanges is centralized. VVS Finance is a fake decentralized project, although it's decentralized finance, but it doesn't have relation with decentralization.

Not an empty shitcoin, though. You need to stake CRO in order to acquire different tiers of debit crypto cards which guarantee you cashback on purchases made with the card.

I think it is one of the best altcoins around due to the features it proportionates customers. If it wasn't for crypto.com's debit card I would be in a complicated situation when transacting, swaping, exchanging crypto and using it as money. Even though the chain and the service is 100% centralized, it is still worthful and helpful.

[GreatArkansas]

Other so-called Ethereum alternative already lot of issues about centralization, this Crypto.com and CRO network is almost the same with other chains that created before that said to be alternative for Ethereum network, one best example is Binance Scam Chain (BSC) which is a copy-paste project based on Ethereum, there are lot of issues right now about these different chains that created.