228 Million CRO Up for Burning: the Cronos Vote Ends on Saturday

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.Until early Saturday, CRO stakers are voting on two proposals: a burn of 228 million CRO and a commitment to put all revenue from two products into buybacks. The quorum is reached and there are no votes against. What the figures mean relative to supply, and what investors in Germany should check.Cronos (CRO), the token of the Cronos blockchain, cost 0.0590 euros on Thursday, October 1, according to CoinGecko. That is 9.6 percent more than seven days ago and 17.6 percent more than a month ago. With a market capitalization of around 2.94 billion euros, CRO ranks 38th on CoinGecko. The reason to look at Cronos now is a deadline. On Saturday, October 3, at around 02:00 UTC, voting closes on two proposals meant to change the supply of CRO. One would burn 228 million CRO; the other would commit developer firm Cronos Labs to putting all revenue from two products into buybacks. Both votes have been running on-chain since September 19 and can be counted publicly. The CRO price this week:...