Crypto.com, the Hong Kong-based payments and crypto exchange platform, will conduct one of the biggest token burns ever ahead of its mainnet launch.
Crypto.com’s DeFi move
Crypto exchange and payments tool provider Crypto.com will burn over 70 billion CRO in the coming weeks as it approaches its mainnet launch, it said in a blog post today.
Touted as the “largest token burn” in history, Crypto.com said the move was an “important step” to fully decentralize the network at the mainnet launch—the token currently works on the Ethereum network current; it would now transition to the Crypto.org Chain. Read More