Cronos, the layer 1 blockchain of cryptocurrency exchange Crypto.com, is planning to reissue 70 billion CRO tokens that were previously burned.
Cronos has put this proposal to a vote, aiming to return 70 billion CRO tokens. Voting on the proposal began on March 3, 2025, and will end on March 17, 2025.
The current governance proposal aims to restore the original 100 billion token supply under a strategy dubbed “A New Golden Age for Cronos.” The CRO tokens to be returned will be held in a strategic reserve with a five-year vesting schedule.
Proposal B has been met with intense criticism from the community, with some users calling it a step backwards and others calling it a breach of confidence.
In what is considered one of the largest burns in crypto history, the 2021 burn reduced the CRO token supply from 100 billion to 30 billion in order to support Cronos’ decentralization efforts ahead of its mainnet launch.
With the current CRO price at 8 cents, the $5 billion plan aims to increase its dominance in the US, fund ecosystem growth, and launch a CRO ETF.
Having increased by 15.3% in the last 24 hours, CRO reached a market value of $2.5 billion.
*This is not investment advice.
