Cronos Token Economic Proposal Passed, 228 Million CRO Burned, 100% of Ecosystem Revenue Used for Buyback and Burn

Cronos Network has announced that two token economic model proposals have been approved by community voting. According to the proposals, 228 million CRO from the community pool has been successfully burned, bringing the total number of burned CRO to 428 million. Additionally, 100% of the revenue generated from Cronos Ult and Cronos Launch will be used for buybacks of CRO in the open market, with monthly burns taking place, and all transaction hashes will be made public. The staking reward mechanism remains unchanged, and related rewards will continue to be funded by the strategic reserve.

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