The team behind the Cronos blockchain, affiliated with Crypto.com, has proposed reissuing 70 billion CRO tokens that were burned in 2021.

Today, an ambitious proposal was published for voting on the Cronos POS governance forum.
The community is invited to vote on a bold plan to restore Cronos' Golden Age, with a massive investment allocated to support Cronos Roadmap (incl. its ETF) and America’s ambition to become… pic.twitter.com/7i06DnTx7T
— Cronos (@cronos_chain) March 3, 2025

This move would restore the total supply of the asset to its original 100 billion CRO.

According to the proposal, the reissued tokens, valued at approximately $5.9 billion at the time of writing, would serve as Cronos’ strategic reserve. They would be placed in an escrow wallet with a five-year vesting period.

The tokens would be unlocked monthly in tranches of approximately 1.17 billion CRO.

The Cronos team stated that these tokens are necessary to execute key elements of Crypto.com’s roadmap and expand the Cronos ecosystem. Plans also include the launch of a native stablecoin and an exchange-traded fund (ETF) based on CRO in the US.

However, the proposal has been met with strong opposition from the community. Many investors fear dilution due to the increase in token supply from 30 billion to 100 billion CRO.

At the time of writing, CRO is trading at $0.084, significantly lower than its November 2021 peak of $0.96 (CoinGecko). Over the past 24 hours, the token has gained nearly 14%.

Voting on the proposal will continue until March 17. So far, 5.2% of CRO holders have cast their votes, with 87% opposing the plan.