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Critics argue that reversing the 2021 CRO token burn undermines decentralization and damages trust in Cronos' governance.
Cronos announced a proposal to reverse a 2021 token burn by reissuing 70 billion CRO tokens, facing immediate community backlash, with 87% of early voters rejecting the plan.
70 billion CRO tokens proposed for reissuance, reversing the 2021 burn, will be placed in a Strategic Reserve with a 10-year vesting period to control their release and prevent oversupply shocks.
Cronos' proposal to reissue 70 billion CRO, reversing the 2021 token burn, aims to support institutional adoption, fund a CRO-based ETF, and accelerate AI-related initiatives
Cronos is an EVM-compatible Layer 1 blockchain developed by Crypto.com
The voting process on Cronos’ proposed reissuance of 70 billion CRO, reversing the 2021 token burn, is scheduled to run from March 3 to March 17, 2025, with implementation expected soon after
Cronos’ leadership justifies the proposed reversal of the 2021 token burn and reissuance of 70 billion CRO as part of a broader vision to position the U.S. as the ‘World Capital of Crypto’

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