Cronos, the blockchain ecosystem related to Crypto.com, wants to bring 70 billion Cro tokens that burned in 2021 in a strange proposal that has greatly left the members of his community.
The governance proposal now-Live aims to restore its original token supply of 100 billion under a strategy called “The New Golden Age for Cronos”.
The original burn cut the supply of CRO from 100 billion to 30 billion, an acclaimed movement at that time as a master blow to increase the value, one that helped increase the cro prices of 6 cents to 25 cents in a few weeks.
Now, Cronos wants to reverse the course and re -broadcast the tokens in a “strategic reserve” deposit to be granted monthly for 10 years.
Reissued 70 billion $ Cro Coins with a “5 -year block” and then saying that there is a period of linear award.
Explain how this is not only diluting the supply.
Who obtains exactly these new 70 billion coins?
Explain why this is beneficial for the first #Cro coins investors. pic.twitter.com/c7FHBFMDKM
– Blacksea (@333blacksea) March 3, 2025
The reason is an impulse of $ 5 billion (at the current prices of 8 cents) to consolidate the American cryptographic domain, the growth of the fund ecosystem and launch an ETF cro. The team awaits the movement towards “billions” of potential users and integrate CRO with institutional liquidity groups, but not all buy exaggeration.
Community reactions to the proposal have been rapid and largely critical. The reissue threatens to dilute the value, a painful point for a community that celebrates the burn of 2021 as a moment of moon.
“This is the opposite of what #crofam wants,” said user @walktall101. “The burn of 2021 was a historical moment for #Cro, a sign of commitment to scarcity and growth. Undo it now feels like a step back, diluting our confidence and the potential of the chain. “
Once again, the direction that is being pushed for Cro moves away from what #Crofam He has constantly asked.
This last proposal to reverse the 2021 burn and re -broadcast 70 billion cro in a ‘strategic reserve’ is the opposite of what this community wants. We have expressed about … pic.twitter.com/z06wrpinfb– Legion (@walkingtall101) March 3, 2025
“A burn is a burn, burned chips should not return to life. I am almost never against anything that happens in Cronos, but today, I am against big! ”, Published Crypto.com ambassador to @wyll_bbk.
Even so, the fate of the proposal depends on a governance vote, with 86% of the votes against, 8.6% refraining to participate and only 4.68% voting in favor of Monday (although this can quickly change if an influential player votes in favor closer to the final date).
The vote extends until March 17. Cro prices rose 8% in the last 24 hours, in line with a broader market jump.
