Cronos to re-issue 70 billion destroyed tokens to support strategic reserve plan
2025-03-03 01:04:10
On March 3, Crypto.com supporting strategic public chain project Cronos said that 70 billion CROs were destroyed in 2021, and now proposes to re-issue the same amount of tokens on Cronos POS and deposit them in the Cronos strategic reserve escrow wallet to restore the total supply to the original 100 billion to support the "Cronos strategic reserve". The CRO in the strategic reserve escrow wallet will add 5 years to the initial 5-year unlock period, bringing the total unlock period to 10 years, and will be released linearly every month.
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