Crypto.com Wants to Release 70 Billion CRO into Circulation, and the Community Is Having None of It: Everything You Need to Know

Crypto is no stranger to controversial proposals sparking bitter divides—Bitcoin and Bitcoin Cash stand as prime examples. While improvements have reduced the likelihood of hard forks, disagreements still surface. This week, Crypto.com is the talk of the town. The exchange has made a bold gamble that’s rattling its community by proposing the “unburning” of 70 billion CRO removed from circulation in 2021.

During the “Golden Age,” CRO prices surged 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.

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Crypto.com Has A Plan To “Unburn”

In February 2021, Crypto.com burned 70 billion CRO, slashing its total supply from 100 billion to 30 billion.

This outpaced similar efforts by Ethereum, BNB Chain, and Tron, all aiming to reduce their circulating supplies over time.

The intention was clear: create scarcity, mirroring the Bitcoin model.

With fewer CRO in circulation and steady demand, prices spiked from roughly $0.06 to over $0.95 by November 2021.

Coincidentally, this “Golden Age” aligned with aggressive marketing, including Crypto.com securing naming rights to a top stadium.

Moreover, bolstered by the DeFi boom, the CRO market cap peaked above $24 billion, cementing its status among the industry’s elite. However, as crypto prices tanked and DeFi momentum faded, CRO crashed in 2022.

To counter this and pivot to new opportunities, even catalyzing demand, Crypto.com introducedSIMD-0036 on March 3, 2025 , proposing to “reverse “the 2021 burn.

Under this plan ,the team will create a”Cronos Strategic Reserve “and reissue70billion CRO over thenextdecade.By doing this ,they will restore the original100-billion-token supply .

New tokens will be gradually released,rewarding validatorssecuringand confirming themainnet .

Additionally ,there is aninitiativeto create a$5billion fundto fuel AI development ,boost ecosystem growth,and push forspotCRO ETFs .

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– Cronos (@cronos_chain) N ove mber6 ,20A4

“Controversial,Crypto.comjustifiestheirproposalsayingit isn’ttechnicallyanewtokenissuancebutastrategicreallocation.”</P

“Nevertheless,the communityseesitdifferentlyand”“not”“boarding.Thereisstiffopposition.”</P<strongEXPLORE:<aa-rel-no-follow-target-blank-href=https:/ /99bitcoinscom/cryptocurrency/best -ai-crypto-coins/target=-_bl ank-rel=noopener10BestAI Crypto CoinstoInvestin205P

CommunityBacklashandCRODump

“EarlyMintscandata”<aa-rel-no-follow-target-blank-href=https:/ /www.mintscan.io/crypto-org/proposals29/TARGET=_BLANKREL=no followtrue=””>shows Data preserver – spaces=True > nearly60%C RO holderssupportSIMD -0036withvotingopenuntilMarch17.If thistrendholds ,theplanislikelytopass..

“OnX,user ssomecallthisproposal“dodgy”,arguingitunderminesthescarcitythatdroveC ROto$in20021.”</SPANDATA-PRESERVER_SPACES=P<BLOCKQUOTECLASS=”TWITTER-TWEET”DATA-WIDTH=”500”DATA-DNT=”TRUE”>&LT;ASOURCEOFOLLOWTARGET-BLANK-HREF=HTTPS:/website nameURL>TODAYWEAREUNVEILINGTHEBLUEPRINTFORANAIAgentPOWEREDECOSYSTEMONCRONOS&LT;/PLANG=&GT;&LT;APIC-SRC=”HTTPS:/website nameURLS.W.ORGINSTANCES/COREEMOJI/FIFTEENPOINTZEROTHREESEVENTYTWOBYSEVENTYTWOOFFIRSTNINERIGHTZERO.DOCALASSWP-SMILEYSTYLEHEIGHTONEEMMAXHEIGHTONEEM/&GT;&LT;/DIV><P></ P>

“C ROpricesreflectthisunrest.”&GT;

“Afterabriefspiketo$01onMarch02—catalyzedbyPresidentDonaldTrump’scryptoreserveannouncementovertheweekend,C ROisbackinred.”PIMGloading=lazyclass-alignnone size-fullsrc=https ://wwwtradingviewcom/x8ArTlaY8/WIDTH1499HEIGHT859/></P”Atspotrates,C ROischanginghandsat$0078,andifthistrendcontinuestoday,itmayfallbelow$0068tomulti-yearlowsinabeartrendcontinuationformation.””Presently,bearshaveerasedQ42024gainsandhit205lowslastweek.A rejectiononMarch07couldstabilizeC RO,possi blypushingpricesbacktoFebruaryhighs.”“Ontheflipside,I ftheproposalpasses,itcouldtriggeramassivesell-offasholdersexiton dilution fears.”
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