Burn Baby Burn…
One of the things I like when reviewing tokenomics is a good deflationary mechanism, such as a buyback and burn or just some kind of burn, and CRO certainly checks that box. The CRO token was launched in 2018 with a fixed supply of 100 Billion, but roughly three years later, around mainnet launched, they decided to burn 70 Billion tokens! This was, at the time, “The largest token burn in history.”
I give the current CRO Tokenomics FOUR Stars mainly because the significant burn positively impacted the token's supply and distribution.
Pros:
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Massive Burn of 70%.
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Over 83% of tokens are in circulation (beginning of 2023.)
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The roughly 5 Billion remaining uncirculated tokens are mostly for block rewards.
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According to etherscan.io, there is a healthy 290K holders.
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According to etherscan.io, 82 Billion are in a Null Address (burned) (beginning of 2023.)
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Token distribution looks good among the 290K wallets.
Cons:
- I would have preferred the burn incorporate some buyback aspect to impact the circulating supply and help the price more. Show Less
