The Cronos community has approved a controversial decision to restore 70 billion CRO tokens permanently burned in 2021.
The proposal, largely influenced by Crypto.com, passed after securing 62.18% of votes, according to Mintscan. This move increases the total CRO supply back to 100 billion.
The proposal, introduced earlier this month, aimed to establish a Cronos Strategic Reserve by reversing the previous token burn.
Its authors argued that the restoration aligns with Cronos’ long-term vision, supports ecosystem growth, and could fund AI-driven applications.
Controversies trail proposal passage
Despite passing the vote, the decision has sparked backlash within the Cronos community.
Many crypto community members criticized the process, citing concerns over decentralization and Crypto.com’s significant influence. Sonic co-founder Andre Cronje stated:
“Tomorrow Cronos goes from $2.5bn mcap to $8.5bn mcap with a single vote and all it needed was a single voter.”
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