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      Cronos tokenomics proposal passes: 228 million CRO burned, 100% of ecosystem revenue to be used for buybacks and burns

      PANews reported on October 4 that Cronos Network announced on X that both tokenomics proposals have been approved by community vote. According to the proposal results, 228 million CRO in the Cronos community pool have been burned, bringing the cumulative burn total to 428 million CRO. Meanwhile, 100% of the revenue generated by Cronos Ult and Cronos Launch will be used to buy back CRO on the open market, with monthly burns, and every transaction hash will be made public. Cronos stated that the staking reward mechanism remains unchanged, and related rewards will continue to be funded by the Strategic Reserve.


      Source: PANews
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