How many Cro tokens will be burned each month?
A further 10.4 billion tokens are locked in a smart contract for burning each month as they become unlocked. As such, a total of 70 billion tokens, or 70% of Crypto.com’s original CRO token supply, will be burned. This means the circulating supply of CRO tokens increased from 24% to more than 80%.
What is a Cro coin?
Since the Crypto.com Chain launch in March, the CRO token is often referred to as “CRO coin”. The multi-utility CRO coin can offer holders and stakers of the asset bonus rewards and exclusive opportunities.
What is coin burning and how does it work?
Coin burning is a method by which cryptocurrencies keep their market value high and attempt to offset inflation. When a large portion of a coin’s supply is removed, that coin experiences heightened demand, and as a result, the coin’s price goes up. At least, that’s how it works in theory.
What is the Cro token?
The token’s original deployment was as an ERC-20 token on the Ethereum blockchain. Further, the CRO token was one of two tokens in a dual token system with the now-defunct MCO token. We will explain this a bit later in the article.
