Kris Marszalek, the CEO of CRYPTO.COM is announcing today on Twitter, the largest token burn in history !!
"We’ve just burned over US$10 billion in #CRO ahead of Mainnet launch - the largest token burn in the history of cryptocurrency markets."
US$10 billon is is about 70 billion of CRO, the TOKEN of crypto.com. The burn is not going to be done in one shot as we suppose, but in
59.6 billion will be burned today
10.4 billion are currently locked in a smart contract and will be burned monthly, as it gets unlocked.
This will increase the circulating supply of CRO from current 24% to over 80%.
After this announcement, the site and the APP became hardly usable due to mass connexion !! It's now back to normal !
For crypto.com users, here is the link to the status page :
The result of that tweet, is a bullrun of the CRO price !!! Look at the chart below :
Maybe it's time to do something with your bag of CRO ?!! Or maybe HOLD :)
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