Crypto.com wants to restore the 70b CRO token that once burned in Bizzare ‘Golden Age’ proposal
Cronos, the blockchain ecosystem related to Crypto.com, would like to restore 70 billion CRO tokens that burned in 2021 to a unique proposal that largely left members of its community.
The management proposal today aims to restore the original 100 billion token supply under a approach called “The New Golden Age for Cronos.”
The original Burn dropped CRO’s supply from 100 billion to 30 billion, one step thanked at the time as a masterstroke to boost the value – one that helped to bump in CRO prices from 6 cents to 25 cents a few weeks.
Now, Cronos wants to reverse the course and re -study the tokens in a “strategic reserve” Escrow wallet that has been invested in the month -three years.
Reissuing 70 billion $ Cro Coins with a “5 -year lockup” then say there is a linear vesting period.
Please explain how it is not just diluting the supply.
Who exactly gets 70 billion new coins?
Explain why it is so useful in advance #Cro Coins investors. pic.twitter.com/c7fhbfmdkm
– BlackSea (@333Blacksea) March 3, 2025
The motive is a $ 5 billion push (at current CRO prices of 8 cents) to cement US crypto dominance, fund ecosystem growth, and launching a CRO ETF. The team expects the transfer to the “onboard billion -billion” of potential users and combine CRO with institutional pools, but not everyone buys hype.
Community reactions to the proposal have become rapid and largely critical. Reissuance threatens to melt the value, a sore point for a community that celebrates 2021 burn as a moonshot moment.
“This is the opposite of what #Crofam wants,” said user @walkingtall101. “The 2021 burn is a landmark moment for #CRO, a promise of promise to lack and growth. Its removal now seems like a step back, indicating our confidence and potential of the chain.”
Again, the direction pushed for CRO is moving to what #Crofam continuously requested.
This latest proposal to reverse the 2021 burn and re -issue 70 billion CRO in a ‘strategic reserve’ is the opposite of what this community wants. We became a voice about… pic.twitter.com/z06wrpinfb– Legion (@walkingtall101) March 3, 2025
“A burn is a burn. Burning tokens should not be restored to life. I’m almost not against anything that happens in Cronos, but now, I’m against it, big time!,” Posted Crypto.com Ambassador @wyll_bbk has been posted.
However, the fate of the proposal depends on a Vote of Management.
The vote runs until Mar.17. CRO prices have reached 8% in the past 24 hours, in accordance with a wider jump jump.
