The Cronos community has approved a controversial decision to retrieve 70 billion CRO tokens that were permanently burned in 2021. Primarily influenced by Crypto.com, the proposal received a 62.18% approval. This action will restore the total CRO supply to 100 billion, aiming to create a strategic reserve for Cronos. Despite the approval, this decision has faced negative reactions within the Cronos community. Critics have raised concerns about decentralization and significant influence of Crypto.com. In the final hours of voting, a sudden shift in votes, with 3.35 billion CRO from major validators, favored Crypto.com’s position. Following the approval, the CRO price dropped over 8% to $0.07, indicating investors’ uncertainty about this move.
