March 17.A key Cronos vote will conclude This crucial vote seeks to determine the creation of the Cronos Strategic Reserve. It aims to do that by undoing a 70 billion token burn that happened in 2021.
If the vote passes, Cronos will create 70 billion tokens and use them to create a reserve that will be used to support the ecosystem. Critics argue that creating these new tokens will dilute existing investors by adding to the supply.
Voting data shows that 45.8% of users have voted in support of the proposal, while 44.4% have rejected it. 9.27% have abstained. If the vote ends like this, the proposal will be rejected as the turnout is less than the quorum.
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