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A new governance proposal outlined by Cronos Labs, the team behind the Cronos blockchain linked to prominent cryptocurrency exchange Crypto.com, seeks to reissue 70 billion CRO ($0.08) tokens that were previously burned in 2021—and are collectively worth over $5.3 billion today.
The proposal was issued in the hopes of using the tokens to form a “Cronos Strategic Reserve,” piggybacking off the potential United States crypto reserve as suggested by President Donald Trump in recent days.
The Cronos Strategic Reserve, which is introduced in a blog post by Cronos, would “support the ambition” of making America the world capital of crypto, while also aiding in the completion of the chain’s ambitious roadmap.
Today, an ambitious proposal was published for voting on the Cronos POS ($0.00) 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…
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