This time, Cronos directly changed “how to use income” to “buy back first and then burn.”
Cronos Labs has put forward a governance proposal on GitHub to use 100% of the product revenue generated by Ult and Cronos Launch for an open-market buyback of CRO, followed by destruction; meanwhile, it would carry out on-chain buybacks and burns on a monthly basis, and the transaction hash for each deal will be publicly disclosed. The proposal also intends to use strategic reserves to support future Cronos POS staking rewards, keeping the current Cronos POS reward parameters unchanged—without altering the staking method, lock-up duration, or reward structure.
The key observation points are clear: on one side, product revenue and CRO supply contraction are directly linked; on the other, staking rewards must be made up via strategic reserves. For the market, what matters isn’t slogans, but whether revenue will remain stable afterward and whether on-chain execution will continue. The proposal is currently in the discussion stage; it will later be submitted for an on-chain governance vote. The voting period is 14 days. Quorum is 33.4% of staked CRO, and the proposal will pass only if more than 50% of non-abstaining votes are in favor. Are you more concerned with the “buyback-and-burn cadence,” or with the “governance voting outcome”?
Figure 1: Cronos plans to use all product revenue to buy back and burn CRO · Source page partial screenshot
Image source: https://www.theblockbeats.info/flash/367976
Cronos Labs has put forward a governance proposal on GitHub to use 100% of the product revenue generated by Ult and Cronos Launch for an open-market buyback of CRO, followed by destruction; meanwhile, it would carry out on-chain buybacks and burns on a monthly basis, and the transaction hash for each deal will be publicly disclosed. The proposal also intends to use strategic reserves to support future Cronos POS staking rewards, keeping the current Cronos POS reward parameters unchanged—without altering the staking method, lock-up duration, or reward structure.
The key observation points are clear: on one side, product revenue and CRO supply contraction are directly linked; on the other, staking rewards must be made up via strategic reserves. For the market, what matters isn’t slogans, but whether revenue will remain stable afterward and whether on-chain execution will continue. The proposal is currently in the discussion stage; it will later be submitted for an on-chain governance vote. The voting period is 14 days. Quorum is 33.4% of staked CRO, and the proposal will pass only if more than 50% of non-abstaining votes are in favor. Are you more concerned with the “buyback-and-burn cadence,” or with the “governance voting outcome”?
Figure 1: Cronos plans to use all product revenue to buy back and burn CRO · Source page partial screenshot
Image source: https://www.theblockbeats.info/flash/367976
