Cronos token economic proposal passed: 228 million CRO has been destroyed, and 100% of the ecological revenue will be used for repurchase and destruction

PANews reported on October 4 that Cronos Network issued a document on the X platform stating that both token economic model proposals have been approved by community votes. According to the results of the proposal, 228 million CRO in the Cronos community pool have been destroyed, bringing the cumulative number of CRO destroyed to 428 million. At the same time, 100% of the revenue generated by Cronos Ult and Cronos Launch will be used to repurchase CRO in the open market and be destroyed on a monthly basis, and the hash of each transaction will be made public. Cronos stated that the staking reward mechanism remains unchanged and relevant rewards will continue to be funded by the Strategic Reserve.