Cronos CEO plans 100% app-revenue allocation for CRO buybacks and burns

  • Cronos CEO Ryan Wyatt plans to propose app-revenue-funded CRO buybacks and burns.
  • The measure would allocate 100% of app-generated revenue to the program.
  • Wyatt previously said the CRO tokenomics overhaul would appear in the project roadmap.

Cronos CEO Ryan Wyatt plans to propose a tokenomics measure that would allocate 100% of revenue generated by the app to CRO buybacks and burns. Buybacks use revenue to purchase tokens, while burns permanently remove tokens from circulation. Wyatt had previously said an overhaul of CRO tokenomics, including app-revenue-funded buybacks and burns, would be included in the project’s roadmap.

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