Cronos Community Approves New Tokenomics — 228 Million CRO Burned The Cronos community has approved two significant proposals that will change the $CRO tokenomics. A total of 228 million CRO has already been burned from the community pool. What was approved? - Proposal 1: A one-time burn of approximately 228 million CRO, which has been permanently removed from the supply and burned on-chain to a dead address. - Proposal 2: Revenue-Backed CRO (Proposal #37) — 100% of revenue from Ult, the rebranded trading app, and Cronos Launch, the launchpad, will now be used to buy $CRO on the open market and burn it monthly, with transaction hashes published for verification. Key details: - Voting closed on October 3, 2026, with an overwhelming majority in favor. - All operations and growth will be funded from existing capital, and the burn will contribute to a deflationary model. - The Strategic Reserve will provide funding for POS staking rewards, ensuring that stakers maintain the same APY as the issuance decreases under Proposal #1291. - Products launched between September 15 and 17: Ult operates in over 100 countries, covering more than 40 perpetual contracts and 10 sports prediction markets. As a result, $CRO experienced a roughly 9% increase in response to the proposal news, with futures open interest rising. The transition from an inflationary model to one focused on buybacks and burns indicates a positive shift towards reduced supply and increased demand.

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