Key Takeaways
- Largest token burn in history: 70B CRO tokens to be destroyed.
- Mainnet launch: Crypto.org Chain goes live March 25, 2021.
- Decentralization push: Circulating supply to jump from 24% to 80%.
The Burn Mechanism
Crypto.com will commence the 70B CRO token burn in two phases:
- Initial burn: 59.6B CRO destroyed starting Monday.
- Monthly burns: Remaining 10.4B CRO unlocked gradually from smart contracts.
This reduces total supply to 5.9B CRO, reserved for:
- Block rewards
- Ecosystem development
👉 Discover how token burns impact crypto economics
Why This Matters
- Decentralization: The burn accelerates Crypto.com’s goal to decentralize its Chain network.
- Utility focus: CRO becomes the native currency of the Crypto.org Chain, a high-speed, low-cost blockchain for payments, DeFi, and NFTs.
- Ecosystem growth: Partners gain access to Crypto.com’s 5M+ user base.
FAQs
Q: What’s the purpose of burning CRO tokens?
A: To reduce supply, increase scarcity, and align with the Crypto.org Chain’s decentralized future.
Q: How will this affect CRO’s price?
A: Historically, token burns create upward pressure by limiting available supply—though market conditions vary.
Q: What makes Crypto.org Chain unique?
A: It’s open-source, permissionless, and optimized for DeFi and NFT projects at scale.
Future Roadmap
CEO Kris Marszalek confirmed plans to expand:
- Payments infrastructure
- DeFi integrations
- NFT marketplaces
👉 Explore blockchain innovations driving 2024 trends
Note: All hyperlinks except OKX have been removed per guidelines.
### SEO Keywords
1. CRO token burn
2. Crypto.org Chain
3. Decentralization
4. Tokenomics
5. Mainnet launch
6. DeFi
7. NFTs