Cronos votes on burning 228 million CRO and buying back tokens with all product revenue
- —Proposal 1: burn 228 million CRO from the community pool, bringing total burned to 428 million
- —Proposal 2: 100% of Ult and Cronos Launch revenue to go to monthly CRO buybacks and burns
- —Staking rewards will be funded from the strategic reserve
- —Voting on both proposals ends on October 3
Why it matters: Reducing CRO supply and tying buybacks to product revenue could support the token's price and change the network's emission model.
Source: Incrypted