Cronos Token Burn Removes 228 Million CRO After Voter Approval

The Cronos token burn has removed 228 million CRO from the community pool after voters approved two governance proposals.

The total number of tokens burned under this program now stands at 428 million. The latest removal exceeded the combined size of four previous rounds, each of which destroyed 50 million CRO.

Under the new framework, revenue generated by Ult and Cronos Launch will be used to purchase and burn CRO on the open market.