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Cronos to mint 70 billion previously burned tokens following contentious community vote approval
Cronos is an EVM-compatible Layer 1 blockchain developed by Crypto.com
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.
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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