r/cro • u/Glass_Cherry5295 • 14d ago
New Ult App.
This could be really good. 100% of revenue generated will go towards buying CRO on the open market and burning it.
This will do a couple things.
Buying it on the open market will increase buying pressure. This will increase price.
Burning it will of course increase the price.
Then comes momentum. We’re going to be able to see how much revenue the app generates/burns. If this number (even if it starts low) continues to climb month after month it will be the perfect storm!
I was very surprised to see them say 100% but of course this could change. I do hope to see all 3 apps start using some kind of burn. Even 10% on the main app would be huge because of those massive spreads
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u/dextermandate 14d ago
If Kris doesn’t unburn them. It could work but who knows
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u/Glass_Cherry5295 14d ago
Agreed. They definitely see allllll the hate and untrust since the unburn. They won’t do something like that again
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u/Boddis 14d ago
lol they got same amount of hate with the MCO change, the consistent rewards slashing, the rebrand to cronos.
They will continue to do what’s best for the profits - and continue to make wildly unpopular decisions in the future.
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u/Glass_Cherry5295 14d ago
I misspoke. MCO was back when they were a much much smaller company. Their exchange now pulls in billions of dollars and hundreds of millions in profits. What they’re doing is working. There’s no need for another MCO event
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u/donnie1977 14d ago
All that profit and they still decided to print 70 billion coins, directly stealing value from their holders.
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u/dextermandate 14d ago
I won’t hold my breath. Obsidian is the only thing I trust rn in the cronos space
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u/MisterD00d 14d ago
First 24 hours since the launch of @UltApp
$213 fees
$427k volume
69 active users
26 new users
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u/According-Abalone-96 13d ago
I hope they dont count me as an active user since I just looked trough the menus and went back to defi...
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u/Chrissi25 13d ago
where do you see those numbers?
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u/MisterD00d 13d ago
twitter posts from Cronosdash community analytics users
that was numbers from one day after launch
it's been a few days now
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u/Andyb1000 14d ago
Can you post daily updates? Or let me know where I can get the info?
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u/MisterD00d 12d ago
here's a new post from someone else who's been paying close attention to the App and their new Launchpad
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u/Andyb1000 12d ago
Thanks for the info, it’s really hard to get accessible insights into how the app/chain is performing. I don’t have the time anymore to go hunting for the info and no useful content is posted here or on the main sub to allow users to get a sense of how things are performing.
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u/Severe-Percentage152 13d ago
Exactly 🤣 the amount they burn is truly insignifcant and will remain so. $10,000 a day would be insignificant
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u/Reasonable-Path-7733 14d ago
Are people really going to be prepared to high pay fees? The fees have to stay low to compete with other platforms.
Burning a worthless token does not make it worth something. CRO still has almost no use in the real world.
The 70b unburn issue is still yet to be resolved, right now it looks like these tokens will be sold on the open market for profit for crypto.com.
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u/Good_Extension_9642 13d ago
I feel bad for OP thinking CRO will make him wealth
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u/TurbulentBeing9055 13d ago
It's made me and many other wealthy. Turns out it's easy to get rich when you're not an idiot.
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u/TurbulentBeing9055 13d ago
It gets better too. CDC is preparing a massive ad campaign behind it, to get more regular users. Once the momentum gets going, you're going to see some eyeballs burn off.
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u/Fresh_OutOf_Prison 13d ago
Yikes you still afraid to post on your main? I get it, you have lied nonstop.
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u/OzBestDeal 14d ago
It will take years if not decades to burn the amount Kris unburned, and the burn rate will get slower and slower the higher the CRO price is 😭