The company behind the CRO coin will be burning 59.6 billion tokens on 22 February. This is the initial burn, and the remaining 10.4 billion tokens will be locked into a smart contract and burned monthly as they are unlocked. It is important to note that no investment decision should be made based on information found on this website, and it is strongly recommended to consult a licensed investment adviser or other qualified financial professional before investing in a UCI, ICO or other investment. CoinDesk is a media outlet that provides news and information about cryptocurrencies, digital assets and the future of money, and they adhere to strict editorial policies.
The remaining 5.9 billion CRO will be held for block rewards and ecosystem development, with 5 billion and 0.9 billion allocated respectively. The last 0.9bn CRO will be allocated to Particle B for blockchain ecosystem development.
Investing in CRO CoinWhen investing in CRO coin, it is important to understand the burning process. The initial burn of 59.6 billion tokens on 22 February is the first step in the process, and the remaining 10.4 billion tokens will be locked into a smart contract and burned monthly as they are unlocked.
Understanding the Burning ProcessThe burning process of CRO coin is an important part of understanding how it works and how it can affect your investments. This process helps to reduce the total supply of coins in circulation, which can have an effect on the price of the coin over time.