Crypto currency exchange Crypto.com The team successfully completed the vote for the re -printing of 70 billion Cro Coin, which was said to have been permanently removed from the circulation in 2021. While serious discussions took place during the voting process, the offer was accepted by the intervention of great verifiers belonging to Crypto.com at the last minute. This development increased concerns about the reliability of the platform.
70 billion pieces CROThe proposal to reproduce the re-printing was submitted to the community vote between 2-17 March. In the first place, yes votes were ahead of the votes, but 33.4 percent of the necessary participation could not be achieved. On March 17, hours before the end of the vote, the major verifiers of Crypto.com were included in the process with 3.35 billion Cro Coin. Thus, 70.18 percent of Altcoin’s critical vote was achieved, while 61.18 percent yes, 17.61 percent no and 20.11 percent abstainer votes were used.
Known to be under the control of Crypto.com during the voting process Starship And Falcon Heavy The verifiers supported the offer. However, the other three major confirmants until March 17 Electron, Antares And Minotaur IV He did not participate in the vote. On the last day, these verifiers also voted in the direction of yes and changed the result. Independent verifiers Cosmos 
$4.62tation And Polkachu.com Yes, he voted, but their effect was limited.
On a single screen instant prices, important data, news, latest developments, comments and discussions at Chat! Come right away from your eyes!
70 billion CRO COIN will be released in five years
After the vote Cronos The Blockchain network will be updated on March 19 and 70 billion new Cro Coin will be printed. These coins will be released gradually for five years. It is planned to provide resources for various financial projects, including the creation of a possible Cro ETF fund among the printed CROs.
Crypto.com team’s moves for Cro Coin were not limited to this. The day after the vote, a new offer was presented on March 17, which envisages the burning of 50 million CRO. This is three different 50 million units CRO COIN It will be a continuation of its burning. The new offer will take two weeks. However, many investors altcoinHe sees 70 billion coins as a symbolic movement to cover up the repression of Coin.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
