228 million CRO burned, 1.167 billion released a month: the reserve outpaces the burn

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.The community has burned 228 million CRO and ties the revenue of two products to monthly buybacks. In the same month, around 1.167 billion CRO come free from the Strategic Reserve, several times the entire burn to date.The Cronos community has resolved that 228 million CRO be burned and that the revenue of two new products flow into buybacks in future. At the same time, the network’s Strategic Reserve releases around 1.167 billion CRO every month. The two figures belong together, and it is precisely that ratio which decides whether a burn shifts anything in the supply at all. Cronos (CRO) is the token of the Cronos blockchain, which comes out of the orbit of the trading platform Crypto.com. The token pays transaction fees on the network, is staked, and serves as a discount instrument in the provider’s products. Holding it means depending on two things: demand, and the quantity that newly joins it. The CRO price this week: 0.0538 euros and 12.2 percent down in seven days CRO cost...