(Crypto.com) Forcefully reissues 70 billion CRO tokens through controversial proposal

Odaily Planet Daily News ((Crypto. com)) recently passed a controversial proposal to reissue 70 billion CRO tokens to revoke the same number of tokens burned in 2021. Although the votes were almost tied during the voting period (March 2-16) and did not reach the required 33.4% of voters, 335 million CRO tokens were added to the affirmative category at the last minute, allowing the vote to pass. The final result was 61.18% in favor, 17.61% against, and 20.11% abstentions. The approval of this proposal has sparked dissatisfaction among a large number of coin holders, many of whom believe it has damaged their trust with ((Crypto. com)). In addition, ((Crypto. com)) plans to upgrade the Cronos blockchain and re mint 70 billion CRO tokens, which will be distributed according to a five-year plan for multiple functions, including the launch of potential CRO ETFs. On the second day after the voting ended, ((Crypto. com)) proposed another plan to burn 50 million CROs (approximately 0.07% of newly minted tokens), which once again sparked dissatisfaction among coin holders who saw it as an insult.