What is CR coin?

This project is an untracked listing. For more details on listing tiers, refer to Listings Review Criteria Section B - (3). CR Coin claims to be a utility token that can be used to make purchases, operate against other digital assets, make payments in stores, restaurants and use it within any application within the Blockchain Costa Rica ecosystem.

What are crypto coins & tokens?

Cryptocurrencies can be classified as coins or tokens, based on how they work: A crypto coin is native to a particular blockchain and defined by the network protocol. A crypto token is built on a specific blockchain but defined by a project or contract. If that sounds too technical, here’s a simpler explanation.

What is an Initial Coin Offering (ICO)?

The kiosk installed in Austin, Texas, is similar to bank ATMs but has scanners to read government-issued identification such as a driver's license or a passport to confirm users' identities. An initial coin offering (ICO) is a controversial means of raising funds for a new cryptocurrency venture.

What is a cryptocurrency system?

According to Jan Lansky, a cryptocurrency is a system that meets six conditions: The system does not require a central authority; its state is maintained through distributed consensus. The system keeps an overview of cryptocurrency units and their ownership. The system defines whether new cryptocurrency units can be created.