Cronos, the blockchain ecosystem linked to Crypto.com, wants to bring 70 billion chips CRO that he burned in 2021 in a strange proposal that largely left the members of his community.
The now alive governance proposal aims to restore its original supply of 100 billion tokens as part of a strategy nicknamed “the new golden age for Cronos”.
The original burn has reduced CRO’s offer from 100 billion to 30 billion, a move greeted at the time as a master stroke to increase the value – the one that helped lower CRO prices from 6 cents to 25 cents in a few weeks.
Now Cronos wants to reverse the course and reissue tokens in a “strategic reserve” entire portfolio to be acquired monthly over 10 years.
70 billion reissue $ CRO Coins with a “5 -year locking” then saying that there is a linear acquisition period.
Please explain how it is not content to dilute the food.
Who exactly gets these 70 billion new parts?
Explain why this is beneficial for the start #Cro Currency investors. pic.twitter.com/c7fhbfmdkm
– Blacksea (@ 333blacksea) March 3, 2025
The reason is a thrust of $ 5 billion (at the current Cro prices of 8 cents) to cement the dominance of American cryptography, finance the growth of the ecosystem and launch an ETF CRO. The team provides for the transition to “billions on board” of potential users and to integrate CRO with institutional liquidity pools, but everyone does not buy media threshing.
Community reactions to the proposal have been rapid and widely critical. The re -engagement threatens to dilute the value, a painful point for a community celebrating the burn of 2021 as a moment of Moonsier.
“This is the opposite of what #CroFam wants,” said user @ walkingtall101. “The 2021 burn was a historic moment for #Cro, a signal for engagement towards scarcity and growth. Meeting, it now looks like a step back, diluting our confidence and the potential of the chain. »»
Again, the direction pushed for CRO moves away from this #Crofam has always asked.
This last proposal to reverse the combustion of 2021 burn and to reissue 70 billion CRO in a “strategic reserve” is the opposite of what this community wants. We were explained on … pic.twitter.com/z06wrpinfb– Legion (@ walkingtall101) March 3, 2025
“A burn is a burn, burned tokens should not be brought back to life. I am almost never against anything on Cronos, but today, I’m against, a lot of time! “Has the ambassador followed by crypto.com @wyll_bbk.
However, the fate of the proposal is based on a governance vote, with 86% of the votes against, 8.6% abstaining to participate and only 4.68% of voting in favor of Monday (although this can change quickly if an influential player vote in favor of the end date).
The vote takes place until March 17. CRO prices have increased by 8% in the last 24 hours, in accordance with a wider market leap.
