Cronos This Week: Reverse Burn Approved, Burn Proposed, Ambassadors Suspended

It’s been a turbulent yet pivotal week for the Cronos ecosystem, marked by major governance moves, a key network upgrade, community controversies, and bold new plans for the future of automated finance:

70 Billion CRO tokens Approved for a Reverse Burn – Kris to hold AMA on 25th March 2025:

The controversial governance proposal seeking to reverse the 2021 Cronos burn to create a Cronos Strategic Reserve passed on 17th March with over 62% voting yes. Community members highlighted a lack of decentralization, as the proposal was greenlit with 46 of the 53 validators voting no. As calls for clarity continued, the leadership team responded by scheduling an AMA with Crypto.com founder and CEO Kris Marszalek for 25 March 2025. 

Read More Here. 

New Proposal to Burn 50M CRO Causes Confusion:

A new governance proposal with a seemingly contradictory motive – to burn 50M CRO as part of the routine mechanism was introduced on 17 March 2025. The proposal is up for voting until 31 March 2025. 

Read More and See How the Community Reacted to the News Here. 

Cronos Ambassadors Suspended on X:

Several members of the CROFam including popular accounts like @pampadalampa, @antistatism83, @ngNGDarryl, @texashodlcro, and @pmbrsantos were suspended on X.  

Am I going to get suspended for having $CRO in my name?

Seems all the #CroFam accounts are getting suspended. pic.twitter.com/t8xMhLgNQk

— carp.cro (@carp_cro) March 18, 2025

The official Cronos account responded, acknowledging the issue and promising prompt actions: 

We’re aware that some of our Cronos Ambassadors have been suspended on X. This appears to be affecting many across the broader crypto community as well and we’re working closely with both our ambassadors and X to resolve this ASAP.

Hang tight, #CROfam — we’ve got your back. 💪

— Cronos (@cronos_chain) March 19, 2025

Kris also posted, assuring that he would take up the matter with senior management at X and resolved. However, most accounts are yet to be restored.

Cronos Announces Plans to be the Future of Automated Finance:

Highlighting that the launch of the crypto-to-debit card transfers is only the first step, Cronos is gearing up to be the face of automated financing. The focus will be on enhancing the blockchain’s composable finance capabilities to create a system “built for dapps and AI-driven automation”

Read More About Use Cases Here. 

CRONOS POS – V5 Upgrade

The Cronos POS network underwent a V5 upgrade on 18 March at 0300 UTC, targeting block height 22,649,500. A 90-minute downtime was  expected, affecting Mainnet, RPCs, Explorer, and the IBC Bridge.

Check it out.