Let’s face it – DAO governance is a joke for token holders but works perfectly for projects looking to maintain control while cosplaying decentralization.

I don’t usually pay attention to CRO or the Crypto.com ecosystem (not sure many crypto natives really do), but they just pulled something so brazen it caught my attention and I think it deserves yours too. This isn’t some obscure DeFi project run by anons – this is a company with Super Bowl commercials, arena naming rights, and a seat at regulatory roundtables.

When industry giants manipulate governance this blatantly, it poisons the well for everyone. It reinforces the worst stereotypes about crypto, undermines projects genuinely trying to share value with token holders, and shows retail exactly where they stand in the hierarchy: dead last, by design.

Unburning Money: The 70B Token Resurrection

Earlier this month, Cronos chain pushed through a proposal to “re-mint” 70 billion CRO tokens. These aren’t new tokens – they’re the exact 70% of supply that Crypto.com dramatically “burned” in February 2021 right before their mainnet launch.

Back then, they marketed it as the “largest token burn in history” to “fully decentralize the network” (convenient how that blog post is now deleted). The burn did