Cronos burns 1.79M CRO worth $92K in first monthly buyback
- —1,791,534.14 CRO burned, valued at about $92,000
- —Tokens were purchased on the open market in the program's first month
- —Funding comes from all Ult and Cronos Launch revenue
- —The community previously burned 228 million CRO from its pool
Why it matters: Recurring buybacks reduce CRO supply, but the single-round size is too small to move the price meaningfully.
Source: TokenPost