Cronos approves burning 228M CRO and revenue-funded buybacks
- —228M CRO burned from community pool; total burns reach 428M CRO
- —100% of Cronos Ult and Cronos Launch revenue to fund open-market CRO buybacks
- —Bought-back tokens to be burned monthly with public transaction hashes
- —Staking rewards unchanged, still funded by the Strategic Reserve
Why it matters: The supply cut and revenue-linked buybacks strengthen CRO's deflationary model and could support the token's price.
Source: PANews