Cryptocom AMA w/ Kris Marszalek Recap 70b Token Burn Security (Most Important Questions & Answers!)
Kris Marszalek:
Welcome to the Crypto.com AMA. Today we’ll be discussing the 70B token burn and security.
Question 1: What are the details of the 70B token burn?
Kris Marszalek:
The token burn was announced in April and was completed on July 5th. This resulted in a total burn of 70,000,000 CRO tokens. This was done to ensure the long-term sustainability of the network and to reduce supply and increase demand. This will help drive the value of CRO and make the network more secure.
Question 2: What steps has Crypto.com taken to ensure the security of the network?
Kris Marszalek:
We take the security of our network very seriously and have implemented a number of measures to ensure that our users’ funds are safe. These include multi-factor authentication, 2-factor authentication, cold storage, and encryption. We also use a decentralized security model with distributed nodes to reduce the risk of any single point of failure.
