Community members strongly criticized Crypto.com's attempt to burn 50 million CRO tokens out of the re-minted 70B CRO tokens, arguing that it was a symbolic gesture that did not meaningfully counteract the inflationary impact of the 70 billion CRO reissuance.

  • Claim

Name

Community members strongly criticized Crypto.com's attempt to burn 50 million CRO tokens out of the re-minted 70B CRO tokens, arguing that it was a symbolic gesture that did not meaningfully counteract the inflationary impact of the 70 billion CRO reissuance.

Types

Claim

Quotes that support claims

Many feel that this irreparably damaged their trust in the platform.
It is a spit in all CRO holders’ faces,' wrote one CRO validator who voted against the re-minting proposal on Telegram.

Referenced by

Aftermath of the voting process for the re-issuance of 70B CRO tokens

Crypto news

Data block