The largest token burn in history, an important step to fully decentralize the network at Mainnet Launch

We’ve long believed that the world needs a fully decentralized, open-source, public chain with high speed and low fees. Use cases driving mass crypto adoption through payments, DeFi and NFTs all need this critically important infrastructure.

Aligned with our belief, and with the CRO Chain Mainnet launch just around the corner, we are fully decentralizing the Chain network. Here’s the first step.

70 billion CRO will be burned according to the following schedule:
59.6 billion will be burned today, 22nd Feb, 2021.
10.4 billion is currently locked in a smart contract and will be burned monthly, as it gets unlocked.
This will increase the circulating supply of CRO from current 24% to over 80%.

The remaining 5.9 billion CRO supply will be distributed as follows:
5 billion CRO will be allocated to mainnet block rewards for Chain validators and delegators which helps secure the network.

0.9 billion CRO will be allocated to Particle B for Chain ecosystem development.

And that’s it.

That’s 100%.

100% circulating supply.
100% decentralized.
100% ready to rock the worlds of payments, DeFi and NFTs.

Wallets

Current Token Holding

Burn & Allocation

Capital Reserve

0x22e4f709fd5e7fe246fbf7e714ae89bdab7e2a5d

20 bn

100% Burned (20 bn)

Community Development

0x67703f7d089f3ac7c8c13a18b2381cbd7ee3eded

5.5 bn

100% Burned (5.5 bn)


Secondary Distribution & Launch Incentives 

0x20a0bee429d6907e556205ef9d48ab6fe6a55531

10.4 bn

100% Burned (10.4 bn) 

 (as it gets minted by the smart contract)

Ecosystem Grants

0xdda508f9f3c1b4ca39c8794df3a080298ebe9c55

20 bn

96% Burned (19.1 bn)

4% Allocated to Particle B (0.9 bn)

Network Long-Term Incentives 

0x71507ee19cbc0c87ff2b5e05d161efe2aac4ee07


20 bn

75% Burned (15 bn)

25% Allocated to Chain Block rewards (5 bn)