This is still the beginning and we are just getting started. Happy 7th anniversary. We would not be #7YearsStrong without you. Thank you.
https://t.co/skfmzcZGaj
💬 There have been growing discussions on #CRO tokenomics. A new proposal on https://t.co/hXMwt0YdkM's GitHub suggests implementing a burning mechanism to reduce inflation rate. We encourage the #CROFam community to share your thoughts.
👉 Get details: https://t.co/2DIO1O8QdS
7/7 💡 Comments ? Questions ?
Please share your thoughts by replying to this thread.
Or visit the Crypto[dot]org and Cronos Discord community server at https://t.co/3w3tlBlNr4
6/7 🔥 And that's it. Cronos and Crypto[dot]org do not currently burn transaction fees. All transaction fees and validator rewards are recycled into the existing CRO supply.
5/7 ♻️ As for #Cronos chain, it does not natively issue any CRO for inflation or rewards.
Cronos validators are rewarded by the transaction fees paid by end-users to transact, trade and play on Cronos chain. They benefit from the core utility of the chain!
4/7 👑 The remaining 4 billion is emitted by the decentralized Crypto[dot]org chain over time, as reward for its network validators and stakers.
📈 Current emissions are ~650 M CRO / year, a ~2.5% inflation which contributes to the ~13% staking yield on Crypto[dot]org chain.
3/7 🚥 The circulating supply is 26 billion CRO, held by token holders and exchanges primarily on the Crypto[dot]org chain, the Cronos chain and the Ethereum network.
The rest is on a few Cosmos chains.
1/7 Accounting for the #CRO supply: how much is there, and where is it?
At our recent @cronosapp AMA video stream, #CROFam members asked about the latest numbers on CRO supply. As promised, here is the latest update - 🧵 :
2/7 📜 CRO is natively managed by the decentralized governance of the https://t.co/hXMwt0YdkM chain
💰 The max supply is 30 billion CRO - this follows a 70 billion burn program implemented in February 2021 (from an initial max supply of 100 billion).
@WhaleChart Yo, don't tell me that your fuding here for the sake of humanity it out cro community. You probably are shorting cro and hoping for profit. Close your position and run cause we closing in