Cronos' proposal to restore 70 billion destroyed CROs has been voted through, but the voting process has been questioned by the community
According to voting data on Mintscan, Cronos' proposal to restore 70 billion destroyed CRO tokens was approved with 62.18% support. The proposal aims to restore the 70 billion CRO tokens destroyed in 2021 to establish Cronos' strategic reserve and update network parameters and token allocation in the Cronos POS V5 upgrade. In addition, according to Un Chained, the proposal had almost slightly more votes in favor than against before March 16th, but at that time it had not reached the required 33.4% quorum for it to take effect. Before the end of the voting, 3.35 billion CRO tokens were added to the approval category, reaching a quorum, and the voting rate far exceeded the highest voting rate. According to sources, the problematic votes came from large validators operated by (Crypto.com), including Starship, Falcon Heavy, Electron, Antares, and Minotaur IV, which control 70-80% of the total voting rights. A token holder said on Telegram about the final result. They (Crypto.com) voted almost at the last minute. Now they have set a precedent that other projects can emulate