Cronos Mainnet: Plans to Reissue 700 Billion Burned Tokens to Support Strategic Reserve Program

BlockBeats News, March 3rd, Crypto.com's strategic partner chain project Cronos announced that 70 billion CRO was burned in 2021, and it is now proposed to reissue an equivalent amount of tokens on the Cronos POS, deposit them into the Cronos Strategic Reserve custody wallet, and restore the total supply to the original 100 billion to support the "Cronos Strategic Reserve." The CRO in the Strategic Reserve custody wallet will have an additional 5-year lock-up period outside the initial 5 years, extending the total lock-up period to 10 years, with linear monthly release.