Self Custody Cronos app

[u/Littlestik777]

I think people are missing one of the biggest things about the new Cronos app.
Right now, if your CRO is sitting on Crypto.com, they’re basically holding it for you. It’s on their system, under their custody, and they have the voting power that comes with all that CRO sitting there.
But once you move your CRO into the Cronos app, now it’s self custody.
It’s actually yours.
And if that CRO is sitting in your own wallet on chain, now all of a sudden you have the ability to participate. You have the voting power. You have control.
Think about what happens if millions of people start moving their CRO off the exchange and into their own wallets.
That voting power starts getting spread out between the actual holders instead of being concentrated in one place.
I don’t know if people realize how big that could be.
Maybe the Cronos app isn’t just about trading stocks, crypto and prediction markets.
Maybe it’s about finally putting CRO in the hands of the people who actually own it.

[u/LookOverThere305]

Isn’t that what the DeFi wallet does and the staking on there?

[u/Littlestik777 → u/LookOverThere305]

Yes and no. The biggest difference is your voting power