Wu Shuo learned that Cronos’s Cronos POS governance proposal #37 has passed, with a voter turnout of 48.36%, including 99.78% voting in favor. The proposal plans to allocate 100% of the revenue from the two products, Ult and Cronos Launch, to buy CRO on the open market and burn it on-chain on a monthly basis. Relevant transaction hashes will be made public. It will also use the Strategic Reserve to supplement future Cronos POS staking rewards. This proposal is a signaling governance proposal; it does not contain any executable messages and will not directly change on-chain parameters. At present, the product revenues are already traceable, and the buyback-and-burn contract as well as the related automatic execution mechanism are still under development.