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Cronos' plan to re-issue 70 billion destroyed tokens was met with massive community opposition, with an opposition rate of 95.7%

2025-03-04 00:41

Odaily News The mintscan governance voting page shows that Cronos's proposal to reissue 70 billion destroyed tokens has been widely opposed by the community, with an opposition rate of 95.7%.
Yesterday, Cronos, a strategic public chain project supporting Crypto.com, said that 70 billion CROs were destroyed in 2021, and now it is proposed to reissue an equal amount of tokens on Cronos POS and deposit them in the Cronos Strategic Reserve Custody Wallet to restore the total supply to the original 100 billion to support the "Cronos Strategic Reserve". The CRO in the Strategic Reserve Custody Wallet will be unlocked for an additional 5 years in addition to the initial 5-year unlocking period, bringing the total unlocking period to 10 years, with linear release every month.