{"id":16048,"date":"2025-03-04T11:02:13","date_gmt":"2025-03-04T11:02:13","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16048"},"modified":"2025-03-04T11:02:13","modified_gmt":"2025-03-04T11:02:13","slug":"crypto-com-wants-to-release-70-billion-cro-into-circulation-and-the-community-is-having-none-of-it-everything-you-need-to-know","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16048","title":{"rendered":"Crypto.com Wants to Release 70 Billion CRO into Circulation, and the Community Is Having None of It: Everything You Need to Know"},"content":{"rendered":"
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Crypto is no stranger to controversial proposals sparking bitter divides\u2014Bitcoin and Bitcoin Cash stand as prime examples. While improvements have reduced the likelihood of hard forks, disagreements still surface. <\/span>This week, Crypto.com is the talk of the town. The exchange has made a bold gamble that\u2019s rattling its community by proposing the \u201cunburning\u201d of 70 billion CRO removed from circulation in 2021. <\/span><\/p>\n

During the \u201cGolden Age,\u201d CRO prices <\/span>surged<\/span><\/a> by over 500% to nearly $1. Yet, in recent years, CRO has been freefalling, slipping as competition intensifies and crypto users search for the next 100X meme coin on Solana.<\/span><\/p>\n

EXPLORE:\u00a0<\/span>Best New Cryptocurrencies to Invest in 2025<\/span><\/a><\/strong><\/p>\n

Crypto.com Has A Plan To \u201cUnburn\u201d<\/span><\/h2>\n

In February 2021, Crypto.com burned<\/a> 70 billion CRO, slashing its total supply from 100 billion to 30 billion. <\/span><\/p>\n

This outpaced similar efforts by Ethereum, BNB Chain<\/a>, and Tron, all aiming to reduce their circulating supplies over time. <\/span><\/p>\n

The intention was clear: create scarcity, mirroring the Bitcoin model.<\/span><\/p>\n

With fewer CRO in circulation and steady demand, prices spiked from roughly $0.06 to over $0.95 by November 2021.<\/span><\/p>\n

Coincidentally, this \u201cGolden Age\u201d aligned with aggressive marketing, including Crypto.com securing naming rights to a top stadium.<\/span><\/p>\n

Moreover, bolstered by the DeFi boom, the CRO market cap peaked above $24 billion, cementing its status among the industry\u2019s elite. However, as crypto prices tanked and DeFi momentum faded, CRO crashed in 2022. <\/span><\/p>\n

To counter this and pivot to new opportunities, even catalyzing demand, Crypto.com<\/span> introduced<\/span><\/a> SIMD-0036 on March 3, 2025, proposing to \u201creverse\u201d the 2021 burn.<\/span><\/p>\n

Under this plan, the team will create a \u201cCronos Strategic Reserve\u201d and reissue 70 billion CRO over the next decade. By doing this, they will restore the original 100-billion-token supply. <\/span><\/p>\n

New tokens will be gradually released, rewarding validators securing and confirming the mainnet.<\/span><\/p>\n

Additionally, there is an initiative to create a $5 billion fund to fuel AI development, boost ecosystem growth, and push for spot CRO ETFs.<\/span><\/p>\n

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\"\ud83e\udde0\" Today we are unveiling the blueprint for an A.I. agent-powered ecosystem on Cronos<\/p>\n

\"\ud83c\udf0c\" The roadmap supports Cronos\u2019 vision as the chain where A.I. agents can interact and transact autonomously.<\/p>\n

\"\ud83d\udee0\" Easy-to-use A.I. tools and major protocol improvements will drive a\u2026 pic.twitter.com\/75abidGfyg<\/a><\/p>\n

\u2014 Cronos (@cronos_chain) November 6, 2024<\/a><\/p>\n<\/blockquote>\n