On-Chain researcher Zachxbt criticized this decision in a harsh language, and questioned Truth Media’s partnership with the stock market. This partnership contributes to the 30 %rise of CRO.

Zachxbt criticized Crypto.com’s last 70 billion Cro Token, which was burned in 2021, to increase its total supply back to 100 billion. The decision was taken with a governance vote.

In the vote, 77.97 %of the participants opposed the re -printing, while only 11.86 %supported. However, the support of 11.86 %supported, 70-80 %of the total voting power was accepted as the offer was accepted.

The re -printed tokens are placed in the Cronos Strategic Reserve and aim to increase the adoption of CRO. These tokens will be subjected to a new locking process that will last for five years.

First, the Cro Token, which was first released on the Ethereum network, had already undergone a five -year locking process. Therefore, the total location time will now reach 10 years. The re -printed tokens will gradually be released in the Cronos POS chain with a Cosmos SDK -based account mechanism.

However, the re -printing of tokens led to a great reaction in the community. Because these tokens were removed from the supply in 2021 by stating that it was “permanently burned”.

Zachxbt compared this to fraud, “Cro is no different from fake projects.” he said. He also questioned why Truth Media has partnered with Crypto.com instead of Coinbase, Kraken or Gemini.

Despite community reactions, CRO’s price increased by 30 %in the last week. In the last 24 hours, 28 %increased and increased the transaction volume by 1.357 %and exceeded $ 295 million. This rise is thought to be due to Crypto.com’s partnership with Truth Media Group and a possible Cronos ETF rumors.

Immediately after being announced on March 24, the partnership caused a harsh rise in the Cro price. Token, between 0.07 and 0.08 dollars between the consolidation zone on March 25 rose to $ 0.12 dollars. However, the moment the news was written for $ 0,10.

Despite the reactions, the price rise so much, shows that speculative interest guides the market. While short -term investors are trying to make a profit from this rise, the long -term effects of the reproduction of 70 billion CRO remain uncertain.

It will be one of the most important factors to determine whether Crypto.com can use the expanding treasure to really use it to increase the adoption, or whether this decision will create downward pressure in the long run in the CRO price, and to determine the future of Token.