Cronos Approves Recovery of 70B CRO for Strategic Reserve - Crypto News Flash

Who Is Kris Marszalek? CRO Holders Hit In Major Scam: Is Crypto.com Insolvent?

A storm is brewing within Crypto.com and the Cronos ecosystem. Yesterday, a small group of whales flipped a governance vote to support a contentious proposal, allowing Crypto.com to reissue 70 billion CRO tokens. This decision increases the total supply from 30 billion to 100 billion, with the additional 70 billion CRO vesting over ten years—a move that has sparked contention and dissatisfaction among holders. Only a handful of CRO holders, prim…

Key Points of the News The Cronos blockchain, linked to Crypto.com, will restore the total supply of CRO to its original limit of 100 billion tokens. The new tokens will go to a "strategic reserve" with a long-term allocation schedule, seeking to boost the ecosystem. The vote was initially contested, but large validators affiliated to Crypto.com tipped the balance in the last few hours. In a decision that has generated intense debates, the Crono…

Crypto.com influence stirs controversy in Cronos token burn reversal

The Cronos community has approved a controversial decision to restore 70 billion CRO tokens permanently burned in 2021. The proposal, largely influenced by Crypto.com, passed after securing 62.18% of votes, according to Mintscan. This move increases the total CRO supply back to 100 billion. The proposal, introduced earlier this month, aimed to establish a Cronos…

The proposal to reissue 70 billion CRO chips from Crypto.com Cronos Blockchain Project burned in 2021 was approved with the active participation of the exchange. Data: MintScan. The initiative won 62.2% of the votes for the pros. The quorum was 70.6% with the required threshold of 33.4%. Now, following the next [...] The article Crypto.com "pushed" the reality of 70 billion CRO. appeared first on The Crypto Monnaie.

Cronos Approves Recovery of 70B CRO for Strategic Reserve - Crypto News Flash

Cronos’ proposal to recover 70 billion burned CRO tokens passed with 62.18% approval, aiming to establish a strategic reserve for ecosystem growth. Crypto.com expands in Europe with a MiCA license and plans an ETF for CRO while enhancing usability through a Layer-2 withdrawal feature. CRO token holders have approved a controversial proposal: the recovery of 70 billion CRO tokens that were originally burnt in 2021. The crypto community has respon…

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