The Crypto.com team has successfully completed a vote on reintegrating 70 billion CRO ($0.09) coins, which were permanently removed from circulation in 2021. The proposal faced significant debate, and in a last-minute intervention, major validators associated with Crypto.com helped to approve it. This development has raised concerns regarding the platform’s reliability.
Crypto.com’s Intervention in the Historic CRO Vote
The proposal for the reissuance of 70 billion CRO coins was presented to the community voting from March 2 to March 17. Initially, the “yes” votes were slightly ahead, but the required 33.4% participation rate was not achieved. On March 17, just hours before the voting closed, major validators from Crypto.com participated with 3.35 billion CRO coins, resulting in a high participation rate of 70.18%. The final tally showed 61.18% voted yes, 17.61% no, and 20.11% abstained.
CRO Voting ProcessDuring the voting process, validators known to be under Crypto.com’s control, namely Starship and Falcon Heavy, supported the proposal. However, three other major va...
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