Cronos Proposes 700 Billion Token Remint, Boosting CRO Price by 13%

Coin WorldSunday, Mar 2, 2025 8:21 pm ET
1min read

Crypto.com's native token, CRO, surged by 13% on March 3rd, influenced by a new token minting proposal. The strategic chain project

, affiliated with Crypto.com, proposed to remint 700 billion tokens that were burned in February 2021, restoring the total supply to 1 trillion tokens. The team stated that the proposed 700 billion tokens for minting will be locked for 10 years with a monthly linear unlocking schedule.

The proposed minting of new tokens has boosted the price of CRO, which is now trading at $0.093. This move by Cronos aims to serve as a strategic reserve for the project. The market has responded positively to the news, with CRO experiencing a significant price increase.

The crypto market has been volatile in recent times, with various projects and tokens experiencing price fluctuations. However, the news of the token minting proposal has provided a boost to CRO's price. As the crypto market continues to evolve, investors and enthusiasts will be watching closely to see how CRO and other tokens respond to future developments.

Comments



Add a public comment...
No comments

No comments yet

Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.