Cronos Labs proposes monthly CRO buybacks and burns from product revenue

  • Cronos community proposes using all Ult and Cronos Launch revenue for monthly CRO buybacks and burns.
  • Each buyback would occur on-chain, with transaction hashes published for public verification.
  • Voting is scheduled to conclude October 3, while reserves support future Cronos PoS rewards.

The Cronos community has proposed directing all revenue from Ult and Cronos Launch toward monthly market buybacks and burns of CRO tokens. Each transaction would be executed on-chain with its hash published publicly, while existing funds would continue covering operational, infrastructure and growth costs. Strategic reserves would support future Cronos PoS staking rewards under current parameters as token issuance declines. The proposal remains in the discussion phase, with voting scheduled to conclude on October 3. The proposed 14-day on-chain vote would require participation representing 33.4% of staked CRO and more than 50% support among non-abstaining votes.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.