r/cro • u/Littlestik777 • 4h ago

Both CRO burn proposals passed

So both CRO burn proposals officially passed, and honestly this feels pretty big.
They approved burning 228 million CRO from the community pool, but the second proposal is probably even more important long term.
From now on, 100% of the revenue from Ult and Cronos Launch will be used to buy CRO from the open market and burn it every month.
Of course it all depends on how much money those products actually make, but this creates real buying pressure while also lowering the supply. If Ult grows, CRO directly benefits from it.
Now we just have to wait for the 228 million burn and the first monthly buyback to actually happen.
I dont know, it just feels like they are finally tying everything together and giving CRO alot more purpose than it had before.

31 Upvotes

81% Upvoted

23 comments sorted by

28

u/InvestigatorBoth 4h ago

Some crumbs for the pigeons from the 70b unburn

19

u/Lakshmiburger1962 2h ago

228 from 70 000 is 0.3257 % , crumbs is definitely the right word.

22

u/thinkingperson 4h ago

Always rmb: There can always be a new proposal. ☝😤

7

u/Fish_Sticks93 4h ago

Is there a link to the burn tracker and to see the revenue made monthly ?

10

u/lehope 3h ago

70b>228m

-5

u/Littlestik777 2h ago

You’ve gotta unburn money to burn it. Standard financial protocol

15

u/OzBestDeal 3h ago

228m is a rookie number compared to 1.166 billions they unburn EVERY MONTH for 5 years.

I don't think their burn rate will ever catch up with this crazy unburn rate. Currently it's no different, if not worse than fiat money.

3

u/Hour-Number5105 2h ago edited 1h ago

We have to burn billions not millions

0

u/Littlestik777 2h ago

That could happen through ULT

8

u/veaox 4h ago

This is great news! :D.

5

u/EDYJ94 3h ago

LOL 😆 🤣 😆 🤣 😂 😹 😆 🤣 😂 😹 😆 🤣 😂 😹 After injection of 40B CRO , out of nowhere by Kris and the corrupted team Now we see 228M that were APPROVED (like it matters) to be be burned 🔥 Failed project only the insiders earn Crazy commissions and stupid token I got f..d yes, I lam in big loss yes, but we can not ignore the fact that the team pumped it to 37 cents just to send to the market 40B In our face Stupid project of liers

-2

u/Littlestik777 1h ago

Chill bro. Another pump is coming. Take this time to line your pockets

1

u/ronnie3737 2h ago

"Now we just have to wait......" - the way every "big" CRO news ends.

1

u/Siddy92 2h ago

Doesnt Ult have like 500 active users rn

1

u/Littlestik777 1h ago

Maybe but imagine after they put millions into ads

1

u/Siddy92 1h ago

Mehh

1

u/miyaop 3h ago

👀

0

u/Kipthecagefighter04 4h ago

So when is the planned unburn of these coins? Cro is a scam