• USDT and TRX tokens at Binance;

• MetaMask crypto wallet.

Why MetaMask?

• A few friends advised that this is «a simple wallet for beginners, but works only with Ethereum»;

• Googling about USDT shows that it is hosted on the Ethereum blockchain, so it should work.

But reality was not so easy, as for USDT (Tether) and especially for TRX (Tronix).

Why did I decide to transfer currency from a cryptocurrency exchange into a wallet?

1. Your assets in the exchange are just rows in a database, not a real assets;

2. Your assets in the exchange are stored in a custodial wallet, that means a third party (the exchange) has access to your account — you must be 100% confident on the reliability of the cryptocurrency exchange;

3. No matter how reliable the exchange is, you never know what might come from a big regulators’ side (bans on transfers for certain citizens or disabling certain banks).

When you decide to withdraw crypto from Binance you’ll see the select «Network» where is a list of networks indicating the amount of the commission:

To transfer USDT by ETH (Ethereum) costs 10 USDT per transaction — it is too expensive, while transfer by TRX or BSB is around 1 USDT.

Because I already had prepared TRX tokens, it would be convenient for me to make a transaction by choosing this network (Tron). But there are no networks in MetaMask, which support transfer by BSB or TRX — only ETH by Ethereum Main Network.

After a few dozen minutes of lurking through the Internet I found out that TRON blockchain is not supported by MetaMask, but it is possible to add manually Binance Smart Chain (BSC) as a workaround.

My initial idea was to have USDT as a payment currency and TRX as a transport (a currency for transaction fees), but it failed at the start. Despite everything, I still decided to check how to transfer TRX tokens through BSC to MetaMask.

Live since November 2021, Cronos is a EVM-compatible chain designed to support the Creator Economy with applications such as DeFi and GameFi, ultimately serving as foundational infrastructure for the Metaverse. Cronos delivers dramatically faster and cheaper transactions than Ethereum mainnet, making decentralized applications (DApps) and smart contracts more user and environment friendly.

Built on Ethermint which is based on the Cosmos SDK, Cronos supports the rapid porting of DApps and smart contracts from Ethereum and other EVM-compatible chains, as well as interoperability with the Cosmos ecosystem via IBC (Inter Blockchain Communication).

In three months since go-live, Cronos has seen explosive growth.

User adoption has surpassed expectations, with more than 350,000 unique wallet addresses performing transactions on Cronos.

Over 120 Dapp builders have chosen Cronos as home for their projects, spanning all categories of DApps.

With the growth of the Ecosystem, transaction volume and TVL (Total Value Locked) are on the rise, reaching 15+ million and US$2.5 billion respectively.

Over 3,500 CRC-20 tokens have been minted since November 2021.

To support further development of projects on Cronos, developers can apply for funding from Particle B’s US$100 million ecosystem fund and also get access to Crypto.com’s global user base of over 10 million.

The Cronos Community Roadmap for 2022 aims to propel Cronos to the Top 5 of public blockchains by TVL, and includes: rapid expansion of the ecosystem in DeFi, NFT/Gamefi and Metaverses Dapps with at-scale infrastructure and SDK support for developers, significant increase in transaction throughput (TPS) through breakthrough database optimization, stronger blockchain connectivity and interoperability with secure and decentralized bridges with Ethereum and Cosmos chains.