Cronos reissuance proposal $5.3B in burned CRO passes

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Name

Cronos reissuance proposal $5.3B in burned CRO passes

Description

The proposal has faced strong rejection from the Cronos community, with 95.7% opposition from 100 active validators. Despite this, the 70 billion CRO reissuance will proceed, aiming to strengthen the chain’s U.S position and advancing its ambitious plans.

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Article

Publish date

Mar 18, 2025 - 12:00am

Web URL

https://cryptotvplus.com/2025/03/cronos-reissuance-proposal-5-3b-in-burned-cro-passes/

Referenced by

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

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News story

Out of the 100 active Cronos validators, 16 have completed early voting. With 95.7% opposition—totaling roughly 673 million CRO—and only 3.45% support, the proposal has faced strong rejection from the community.

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Quote

As the reissuance officially goes live tomorrow, Cronos’ tokenomics will undergo a major transformation."

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