Cronos proposes to re-issue 70 billion burned tokens to “create the Cronos Strategic Reserve”

PANews reported on March 3 that Cronos said on the X platform that a new proposal was released for voting on the Cronos POS governance forum today. The plan "aims to restore the golden age of Cronos and will invest huge funds to support the Cronos roadmap (including ETFs) and the United States' ambition to become the global cryptocurrency capital". To achieve this goal, the Cronos Strategic Reserve will be established by reversing the token destruction in February 2021 (i.e. 70 billion CRO). (That is, the total supply is restored to the original 100 billion CRO). The strategic reserve will add another 5-year lock-up period to the 5-year lock-up period that has passed since the first Ethereum issuance of CRO, bringing the total vesting period to 10 years.

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Author: PA一线

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