Cronos Network said on X that two tokenomics proposals have passed community voting. According to ChainCatcher, 228 million CRO from the Cronos community pool have been burned, bringing total burns to 428 million CRO.

Cronos said 100% of revenue from Cronos Ult and Cronos Launch will be used to buy back CRO on the open market and burn it monthly, with each transaction hash made public. The staking reward mechanism will remain unchanged, and those rewards will continue to be funded by the Strategic Reserve.