The largest token burn in history, an important step to fully decentralize the network at Mainnet Launch 
70 billion CRO vs have been burned according to the following schedule:
59.6 billion burned on February 22, 2021.
10.4 billion is currently locked in a smart contract and will be burned monthly as it is unlocked.
This will increase the circulating supply of CRO from the current 24% to over 80%.
The target Mainnet CRO staking rewards on the Crypto.org Chain will be set at 20% p.a. for active participants of the network at Mainnet launch on 25 March 2021.
Crypto.org Chain is a public, open-source and permissionless blockchain -a fully decentralized network with high speed and low fees, designed to be a public good that helps drive mass adoption of blockchain technology through use cases like Payments, DeFi and NFTs.
CRO Mainnet Staking rewards are given to validators (and millions of individual users delegating CRO to validators via DeFi Wallet) which helps secure the network and participate in the consensus to approve blocks and validate transactions.
The target APY for the network launch phase is set to be 20% with an estimated 500M CRO in yearly rewards to be distributed. As previously announced, 5 bilion cro has been allocated for distribution as rewards over the next 10 years.
All this will increase the value of cro? It is an option not to be excluded....
