Cronos' proposal to restore the 70 billion CROs that have been destroyed was voted through, but the voting process was questioned by the community

PANews reported on March 18 that voting data on Mintscan showed that Cronos' proposal to recover the 70 billion CRO tokens that had been destroyed was passed with 62.18% support. The proposal proposed to recover the 70 billion CRO tokens destroyed in 2021 to establish the Cronos strategic reserve, and will update network parameters and token allocation in the Cronos POS V5 upgrade.

In addition, according to Un Chained, the above proposal had slightly more votes in favor than against before March 16, but it had not yet reached the 33.4% quorum required to take effect. Just before the end of the vote, 3.35 billion CRO tokens were added to the affirmative category to reach the quorum, and the voting rate far exceeded the maximum voting rate. Sources said that the problematic votes came from large validators operated by Crypto.com (including Starship, Falcon Heavy, Electron, Antares and Minotaur IV), which controls 70-80% of the total voting power. A token holder said about the final result on Telegram. "They (Crypto.com) voted almost at the last minute. Now they have created a precedent that other projects can follow."

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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