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      Cronos community proposes using product revenue to buy back and burn CRO

      PANews reported on September 19 that the Cronos community has published a governance proposal to use all revenue generated by Ult and Cronos Launch to buy CRO on the market and burn it every month, executed on-chain monthly, with the hash of each transaction published. Operating, infrastructure, and growth-related costs will be paid from existing funds, and the strategic reserve will be used to support future staking rewards for Cronos POS. Staking rewards will continue to be distributed according to the current Cronos POS parameters, and when issuance decreases, funds will be supplemented from the reserve. The proposal is still in the proposal stage, with the voting period running until October 3.


      Source: PANews
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud