Cronos, the Blockchain -Ecosystem related to Crypto.com, wants to bring back 70 billion Cro -Tokens, it burned in 2021 in a weird proposal that has largely left its members of the Flummoxed community.
The proposal for now living governance aims to restore its original 100 billion token supply under a strategy called “The new Golden Age of Cronos.”
The original combustion cuts CROS supply from 100 billion to 30 billion, one step is hailed at that time as a master stroke to increase the value – one that helped stab cro prices from 6 cents to 25 cents in a few weeks.
Now Cronos wants to turn the course and re -publish tokens in a “strategic reserve” escrow design book to be awarded monthly over 10 years.
Reissue of 70 billion $ Cro Coins with a “5 -year -old lockup” and says there is a linear vesting period.
Please explain how this is not only dilution of the supply.
Who exactly gets this 70 billion new coins?
Explain why this is beneficial to the early #Cro Coin Investors. pic.twitter.com/c7fhbfmdkm
– Blacksea (@333Blacksea) March 3, 2025
The motif is a $ 5 billion (at the current CRO prices of 8 cents) to cement American cryptodominance, fund’s ecosystem growth and launch a CRO ETF. The team expects the transition to “aboard billions” of potential users and integrate CRO with institutional liquidity pools, but not everyone buys the hype.
Community reactions to the proposal have been quick and largely critical. The re -replacement threatens to dilute the value, a tender point for a society celebrating the combustion in 2021 as a moon image.
“This is the opposite of what #Crofam wants,” said user @walkingtall101. “The burn from 2021 was a landmark moment for #Cro, a signal of commitment to scarcity and growth. To regret it now feels like a step behind, diluting our confidence and the potential of the chain. “
Once again, the direction that is being pressed on cro is moving away from what #Crofam have consistently asked for.
This latest proposal to reverse the 2021 burn and re-release 70 billion CRO in a ‘strategic reserve’ is the opposite of what this society wants. We’ve been vocal about … pic.twitter.com/Z06wrpinfb– Legion (@walkingtall101) March 3, 2025
“A combustion is a combustion, burnt tokens should not be brought back to life. I’m almost never against happening anything on Cronos, but today I’m against it, Big Time!, ”The well-fused Crypto.com ambassador @wyll_BBK Postet.
Still, the fate of the proposal hangs on a steering vote in which 86% of the votes against, 8.6% fail to participate and only 4.68% voting in favor of Monday (although this can change quickly if an influential player votes in favor of the end date).
Voting runs until Mar.17. CRO prices have risen by 8% over the last 24 hours in line with a wider marketshop.
