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Cronos' proposal to restore 70 billion destroyed CROs was voted on, but the voting process was questioned by the community
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4 hours ago 5,681
On March 18, voting data on Mintscan showed that Cronos' proposal to restore the destroyed 70 billion CROs was passed with a 62.18% approval rating. The proposal proposed to restore the 70 billion CRO tokens destroyed in 2021 to establish Cronos strategic reserves and will update network parameters and token allocations in the Cronos POS V5 upgrade. In addition, according to Un Chained, the above proposal almost had a slightly more vote in favor than a no vote before March 16, but it did not reach the quorum of 33.4% required to take effect at that time. Before the vote ended, 3.35 billion CRO tokens were added to the favor category, reaching the quorum, and the turnout rate far exceeded the highest turnout rate. The voting in question comes from large validators operated by Crypto.com (including Starship, Falcon Heavy, Electron, Antares and Minotaur IV), which controls 70-80% of the total voting rights, sources said. A token holder said on Telegram about the final result. "They (Crypto.com) voted almost at the last minute. Now they have created a precedent that other projects can follow."
Keywords: Bitcoin
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