Cronos burns 228M CRO, but reserve releases 1.167B a month
- —228M CRO burned, bringing the programme total to 428M
- —Revenue from Ult and Cronos Launch will fund monthly CRO buybacks with published hashes
- —Strategic Reserve releases about 1.167B CRO every 30.4 days
- —CRO trades at €0.0538, down 12.2% over the week and 3.5% in 24 hours
Why it matters: Monthly reserve issuance is about 2.7 times the entire amount burned across five rounds, so the burn barely dents supply.
Source: CryptoTicker