{"id":49457,"date":"2025-03-04T08:45:59","date_gmt":"2025-03-04T08:45:59","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=49457"},"modified":"2025-03-04T08:45:59","modified_gmt":"2025-03-04T08:45:59","slug":"crypto-com-wants-to-release-70-billion-cro-into-circulation-and-the-community-is-having-none-of-it-everything-you-need-to-know","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=49457","title":{"rendered":"Crypto.com Wants to Release 70 Billion CRO into Circulation, and the Community Is Having None of It: Everything You Need to Know"},"content":{"rendered":"

Crypto is no stranger to controversial proposals sparking bitter divides\u2014Bitcoin and Bitcoin Cash stand as prime examples. While improvements have reduced the likelihood of hard forks, disagreements still surface. <\/span>This week, Crypto.com is the talk of the town. The exchange has made a bold gamble that\u2019s rattling its community by proposing the \u201cunburning\u201d of 70 billion CRO removed from circulation in 2021. <\/span><\/p>\n

During the \u201cGolden Age,\u201d CRO prices <\/span>surged<\/span><\/a> by over 500% to nearly $1. Yet, in recent years, CRO has been freefalling, slipping as competition intensifies and crypto users search for the next 100X meme coin on Solana.<\/span><\/p>\n

EXPLORE:\u00a0<\/span>Best New Cryptocurrencies to Invest in 2025<\/span><\/a><\/strong><\/p>\n

Crypto.com Has A Plan To \u201cUnburn\u201d<\/span><\/h2>\n

In February 2021, Crypto.com burned<\/a> 70 billion CRO, slashing its total supply from 100 billion to 30 billion. <\/span><\/p>\n

This outpaced similar efforts by Ethereum, BNB Chain<\/a>, and Tron, all aiming to reduce their circulating supplies over time. <\/span><\/p>\n

The intention was clear: create scarcity, mirroring the Bitcoin model.<\/span><\/p>\n

With fewer CRO in circulation and steady demand, prices spiked from roughly $0.06 to over $0.95 by November 2021.<\/span><\/p>\n

Coincidentally, this \u201cGolden Age\u201d aligned with aggressive marketing, including Crypto.com securing naming rights to a top stadium.<\/span><\/p>\n

Moreover, bolstered by the DeFi boom, the CRO market cap peaked above $24 billion, cementing its status among the industry\u2019s elite. However, as crypto prices tanked and DeFi momentum faded, CRO crashed in 2022. <\/span><\/p>\n

To counter this and pivot to new opportunities, even catalyzing demand, Crypto.com<\/span> introduced<\/span><\/a> SIMD-0036 on March 3, 2025, proposing to \u201creverse\u201d the 2021 burn.<\/span><\/p>\n

Under this plan, the team will create a \u201cCronos Strategic Reserve\u201d and reissue 70 billion CRO over the next decade. By doing this, they will restore the original 100-billion-token supply. <\/span><\/p>\n

New tokens will be gradually released, rewarding validators securing and confirming the mainnet.<\/span><\/p>\n

Additionally, there is an initiative to create a $5 billion fund to fuel AI development, boost ecosystem growth, and push for spot CRO ETFs.<\/span><\/p>\n

Today we are unveiling the blueprint for an A.I. agent-powered ecosystem on Cronos<\/p>\n

The roadmap supports Cronos\u2019 vision as the chain where A.I. agents can interact and transact autonomously.<\/p>\n

Easy-to-use A.I. tools and major protocol improvements will drive a\u2026 pic.twitter.com\/75abidGfyg<\/a><\/p>\n

\u2014 Cronos (@cronos_chain) November 6, 2024<\/a><\/p>\n\n

Controversial, Crypto.com justifies their proposal saying it isn\u2019t technically a new token issuance but a strategic reallocation.<\/span><\/p>\n

Nevertheless, the community sees it differently and <\/span>not<\/span> boarding. There is stiff opposition.<\/span><\/p>\n

EXPLORE:\u00a0<\/span>10 Best AI Crypto Coins to Invest in 2025<\/span><\/a><\/strong><\/p>\n

Community Backlash and CRO Dump<\/span><\/h2>\n

Early Mintscan data <\/span>shows<\/span><\/a> nearly 60% of CRO holders support SIMD-0036, with voting open until March 17. If this trend holds, the plan is likely to pass.<\/span><\/p>\n\n

On X, users some call this proposal \u201cdodgy\u201d, arguing it undermines the scarcity that drove CRO to $1 in 2021. <\/span><\/p>\n

Feels so dodgy. https:\/\/t.co\/n7DkLLNKGE<\/a> \/ CRO team to reissue 70 billion tokens into their own war chest (or own pockets) that were burnt in 2021 <\/p>\n

At current CRO token price, it\u2019s almost an injection of $7b <\/p>\n

So new narrative for projects to reissue burned supply now? https:\/\/t.co\/LFoEHfsSMF<\/a> pic.twitter.com\/oqDPd9xMC3<\/a><\/p>\n

\u2014 Hanbonjovi (@hanbonjovi) March 3, 2025<\/a><\/p>\n\n

CRO prices reflect this unrest. <\/span><\/p>\n

After a brief spike to $0.10 on March 3\u2014catalyzed by President Donald Trump\u2019s crypto reserve announcement over the weekend, CRO is back in red.<\/span><\/p>\n\n

At spot rates, CRO is changing hands at $0.072, and if this trend continues today, it may fall below $0.068 to multi-year lows in a bear trend continuation formation. <\/span><\/p>\n

Presently, bears have erased Q4 2024 gains and hit 2025 lows last week. A rejection on March 17 could stabilize CRO, possibly pushing prices back to February highs. <\/span><\/p>\n

On the flip side, if the proposal passes, it could trigger a massive sell-off as holders exit on dilution fears.<\/span><\/p>\n

\n

<\/h3>\n

Crypto.com pushing a proposal to \u201cunburn\u201d 70 billion CRO <\/p>\n

Voting in progress, and most holders agree with this proposal <\/p>\n

CRO drops, will it print new all-time lows? <\/p><\/div>\n

The post Crypto.com Wants to Release 70 Billion CRO into Circulation, and the Community Is Having None of It: Everything You Need to Know<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Crypto is no stranger to controversial proposals sparking bitter divides\u2014Bitcoin and Bitcoin Cash stand as prime examples. While improvements have reduced the likelihood of hard forks, disagreements still surface. This week, Crypto.com is the talk of the town. The exchange has made a bold gamble that\u2019s rattling its community by proposing the \u201cunburning\u201d of 70 […]<\/p>\n","protected":false},"author":0,"featured_media":49458,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-49457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/49457"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49457"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/49457\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/49458"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}