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Cronos Reissues 700 Billion Tokens to Boost Strategic Reserve

Coin WorldSunday, Mar 2, 2025 8:06 pm ET

1min read

Cronos Mainnet, a strategic partner chain project of Crypto.com, has announced plans to reissue 700 billion burned tokens to support its Strategic Reserve Program. In 2021, a total of 70 billion CRO tokens were burned, and the project is now proposing to reissue an equivalent amount of tokens on the cronos POS. These reissued tokens will be deposited into the Cronos Strategic Reserve custody wallet, restoring the total supply to its original 100 billion. This move aims to support the "Cronos Strategic Reserve" program.

The CRO tokens in the Strategic Reserve custody wallet will have an additional 5-year lock-up period, extending the total lock-up period to 10 years. The release of these tokens will be linear and occur on a monthly basis. This strategic decision is expected to have a significant impact on the Cronos ecosystem and its token holders.

The Cronos Mainnet is a high-performance blockchain network that supports the development of decentralized applications (dApps) and smart contracts. It is designed to be compatible with the Ethereum Virtual Machine (EVM), allowing developers to easily port their dApps from Ethereum to Cronos. The Cronos Mainnet is also integrated with the Crypto.com ecosystem, providing users with access to a wide range of services, including decentralized finance (DeFi) platforms, non-fungible tokens (NFTs), and gaming.

The reissuance of burned tokens is a significant development for the Cronos ecosystem, as it aims to strengthen the network's strategic reserve and support its long-term growth. By extending the lock-up period for the reissued tokens, the Cronos team is demonstrating its commitment to responsible token management and sustainable development. As the Cronos ecosystem continues to grow and evolve, investors and developers will be watching closely to see how this strategic move impacts the network's future.

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goldeneye700

03/03

Locking tokens for 10 years? That's a bold play for stability. Curious if it'll attract more investors.

Ok-Razzmatazz-2645

@goldeneye700 Locking tokens long-term could attract investors looking for stability.

TenMillionYears

Cronos reissuing 700B tokens? 🚀 That's a lot of CRO going into the strategic reserve. Bullish for the ecosystem long-term.

Masonooter

@TenMillionYears Think this will pump CRO?

Zurkarak

Holding some $CRO here. Plan to HODL and see how it plays out with the reserve boost and lock-up extension.

Gentleman1217

5-year lock-up period sounds like the devs want stability, not a pump and dump. Responsible move for $CRO.

Anonym0us_amongus

700B tokens is a big buffer for the reserve. Wonder if this will help stabilize the price or just boost it short-term.

BunchProfessional680

CRONos flexing with strong reserve moves. 🚀

Haardikkk

700B tokens reissued? 🚀 That's a lot of CRO coming back. Wonder how this affects the token's price swing.

Outrageous-Rate-4080

Burned tokens coming back, CRO bulls ready?

Plane-Salamander2580

5-year lockup? Long game is strong here.

grailly

Cronos reissuing tokens to boost reserve sounds like a solid move for long-term growth. What do y'all think?

Progress_8

@grailly Sounds like a pump to me.

bllshrfv

@grailly Reissuing tokens could boost CRO, but watch the supply dynamics.

MasterDeath

Cronos integrating with Crypto.com is a big deal. Users get access to a lot of services, making it user-friendly for mass adoption.

GoStockYourself

@MasterDeath Agree. CRONos + Crypto.com = win. Users love seamless access.

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Zhukov-74

@Andrew ford K boss

alecjperkins213

Linear monthly releases instead of a dump all at once? Smarter than your average token drop. Less FOMO, more FODL.

Didntlikedefaultname

EVM compatibility is a game-changer. Easy for devs to switch from Ethereum, which means more dApps and action on Cronos.

Excellent_Chest_5896

This move could attract more devs to Cronos Mainnet. Stronger ecosystem = stronger token. Worth keeping an eye on.

theamykupps

@Excellent_Chest_5896 Approval: "Agreed, stronger eco = more devs. Cronos might pump."