Will the CRO Burn? A Look at the Cryptocurrency's Circulating Supply

Celebrities such as snowboarder Lindsey Jacobellis, rapper CL and astronaut Scott Kelly have all signed up to a new campaign aimed at a new breed of cryptocurrency retail investors. The slogan for the campaign is “Fortune Favours the Brave”. When it comes to investing in an Initial Coin Offering (ICO), Initial Exchange Offering (IEO) or any other type of cryptocurrency, it is important to remember that you should never make an investment decision based solely on the information provided on this website. It is strongly recommended that you consult a licensed investment adviser or other qualified financial professional before making any investment decisions.

We do not accept any compensation for analysing or reporting on any ICO, IEO, cryptocurrency, coin, tokenised sales, securities or commodities.If you want to stay up-to-date with the latest news and reports about cryptocurrencies, you can sign up to receive daily cryptocurrency reports and weekly Bitcoin market reports delivered straight to your inbox.Crypto.com (CRO) recently announced that they will be burning 70% of their tokens in order to increase their circulating supply from 24 ctual to more than 80%. This means that 5.9 billion tokens will be left after the burn. The remaining 900 million CROs will be allocated to Particle B for the development of the blockchain ecosystem. The remaining 5.9 billion CROs will be kept for block rewards and ecosystem development, with 5 billion and 0.9 billion allocated respectively.It appears that Crypto.com has learned from its mistakes and is now taking steps to ensure that their tokens are used in a responsible manner.

By burning 70% of their tokens, they are hoping to increase their circulating supply and make their tokens more accessible to investors.It remains to be seen whether or not this move will be successful, but it is clear that Crypto.com is taking steps to ensure that their tokens are used in a responsible manner.

Faisal Abdul
Faisal Abdul

Extreme internet specialist. Wannabe twitter junkie. Friendly zombie geek. Freelance twitter buff. Professional student. Passionate tv evangelist.

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