Chiara Bianchi
Cronos, the Layer 1 blockchain linked to Crypto.com, is evaluating a proposal to reintroduce 70 billion CRO tokens that were previously burned in 2021. If approved, this move would restore the total supply to its original 100 billion CRO.
The proposal outlines that the 70 billion tokens (valued at approximately $6.3 billion) would be placed in a strategic reserve wallet, with a five-year vesting schedule to ensure controlled distribution.
The potential reissuance comes as Crypto.com prepares to submit an application for a CRO-based exchange-traded fund (ETF), aiming to attract institutional investors and further integrate CRO into the broader financial ecosystem.
Cronos originally burned 70 billion CRO tokens in 2021โone of the largest token burns in crypto historyโto promote decentralization ahead of the blockchainโs mainnet launch.
Community Concerns Over Supply Increase
The proposal has sparked mixed reactions within the community on X (formerly Twitter). Some critics have labeled it a step backward, while others have questioned the transparency behind the decision.
Cronos was initially launched as Monaco Coin (MCO) to support the MCO Visa Card program before being rebranded to CRO as the native token of the Cronos Chain.
Following its rebranding in February 2021, the Cronos mainnetโbuilt on the Cosmos SDKโwas officially launched in November 2021. The team has since focused on developing a Cronos zkEVM Layer 2 solution for Ethereum.
Currently, CRO has a circulating supply of 27.3 billion tokens, with a maximum cap of 30 billion and a market valuation of $2.4 billion.
Following news of the proposal, CROโs price has surged by over 20% in the past 24 hours, according to data from PRIME’s price page.
