Crypto.com’s 70 Billion CRO Re-Mint Decision Faces Backlash, Triggers Price Drop

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Description

Crypto.com has ignited controversy within its community after proposing to re-mint 70 billion CRO tokens. This decision marks the reversal of a 2021 token burn intended to reduce the circulating supply permanently.

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Article

Publish date

12:00am, Tuesday, March 18, 2025

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BeInCrypto

Web URL

https://beincrypto.com/crypto-com-proposal-remint-cro-outrage/

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Crypto.com reissues 70 billion CRO tokens despite strong community opposition

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Cronos to mint 70 billion previously burned tokens following contentious community vote approval

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The final tally was 62.18% in favor, 17.61% against, and 20.11% abstaining.

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Referenced by

Crypto.com reissues 70 billion CRO tokens despite strong community opposition

Cronos to mint 70 billion previously burned tokens following contentious community vote approval

The final tally was 62.18% in favor, 17.61% against, and 20.11% abstaining.