Cumulative burn reaches 428 million CRO as Cronos proposal passes, with 100% of related revenue to be used for buyback and burn

Odaily reports that according to Cronos Network monitoring, two tokenomics proposals have been approved by community vote. 228 million CRO from the Cronos community pool has been burned, bringing the cumulative burn to 428 million CRO. 100% of revenue generated by Cronos Ult and Cronos Launch will be used to buy back CRO on the open market, with monthly burns, and the relevant transaction hashes will be made public. The staking reward mechanism remains unchanged, with related rewards continuing to be funded by the strategic reserve.