Cronos Community Proposes Buyback and Burn Mechanism for CRO

The Cronos community has introduced a governance proposal to utilize all revenue generated from Ult and Cronos Launch to purchase and burn CRO tokens on a monthly basis. Under the proposal, operational and infrastructure costs would be covered by existing funds, while strategic reserves would support future staking rewards for Cronos POS. The proposal is currently open for voting until October 3.