Crypto.com enacts controversial decision: 70 billion CRO will be newly created

Crypto.com implements controversial decision – 70 billion CRO are newly created

CRO, the crypto currency of the Crypto.com ecosystem, has received a surprise increase in volume. With the approval of the community, 70 billion CRO have been newly generated, which will be used for various purposes.

CRO volume increases by more than 80 percent – how did it come about?

The development team of Crypto.com has implemented a decision that caused a stir among crypto enthusiasts. The volume of CRO has been increased by over 80 percent. Previously, it was capped at 80 billion CRO, now 70 billion new CRO have been added. This results in a total of 150 billion CRO in circulation after the increase.

CRO find new uses – skepticism remains

The unexpected move was made possible through a vote of the Crypto.com community. The newly issued CRO are intended for use in global marketing, strategic partnerships, and the further development of the ecosystem. However, there was also criticism of the decision. In the short term, the issuance of such a large amount of CRO could lead to uncertainty and price pressure.

Overall view and market reaction

Crypto.com’s management sees the additional CRO as a means to secure the future and expansion of its platform. As part of the decision, Crypto.com has committed to transparent control of the new CRO. How the markets will react to this remains to be seen. The move is sure to be a hot topic in the upcoming weeks and will put Crypto.com into the focus of discussions.