Cronos App Becomes Ult on September 17th
Cronos, a decentralized blockchain developed by Crypto.com, is rebranding its app as Ult on September 17th. The rebranded app will consolidate access to multiple markets in one application, eliminating the need for separate tokens.
In a tweet, Cronos described the change, stating that 'Ult' stands for 'Ultimate,' unlocking users' most powerful ability to trade. With Ult, users will be able to access all markets from a single platform, without needing any specific token.
Cronos utilizes Ethereum Virtual Machine (EVM) technology, allowing it to be compatible with existing decentralized applications built on Ethereum. The app's rebranding aims to provide builders with the ability to instantly port apps and crypto assets from other chains with low cost, high throughput, and fast finality.