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Cronos proposes using app revenue to buy and burn tokens

Crypto.news reports that the plan depends on governance approval, with voting set for September 18, 2026.

crypto.newsCR
CoinGapeCO
2 Sources, 21d ago, first seen 21d ago

TLDR

Revenue from Cronos Launch and Ult could fund monthly token purchases on the open market, crypto.news reports. The purchased tokens would then be burned if governance approves the proposal. The outlet shared the plan on September 15, with voting set for September 18, 2026.

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13.9K

2 Sources, first seen 21d ago

345 likes16 comments7 saves75 reposts

Combined views

13.9K

2 Sources, first seen 21d ago

345 likes16 comments7 saves75 reposts

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2 Sources

crypto.news@cryptodotnewsJUST IN: Cronos proposes using app revenue to buy and burn crypto-com-chain:native Revenue from Cronos Launch and Ult could fund monthly crypto-com-chain:native purchases on the open market, with the tokens then burned if governance approves the plan; voting is set for September 18.21d
CoinGape@CoinGapeMedia⚡️ Today #BrandPulse CEO @Fwiz unveils @UltApp, the rebranded trading app from @CronosNetwork, the blockchain ecosystem associated with http://Crypto.com, expanding into prediction markets, perpetuals & tokenized assets. Launching Sept. 17 across 100+ countries, with 24/7/365 trading, 10 sports prediction categories & ~40 leveraged markets. The proposed strategy directs 100% of Ult & Cronos Launch revenue toward CRO buybacks and burns, while bringing more users, assets & liquidity onchain. For PR inquiries: contact@coingape.com #Cronos #Ult #CRO #CryptoCom #RyanWyatt #CryptoTrading #Tokenization #Onchain 🔗 Full story in comments 👇20d
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    2 Sources

    crypto.news@cryptodotnewsJUST IN: Cronos proposes using app revenue to buy and burn crypto-com-chain:native Revenue from Cronos Launch and Ult could fund monthly crypto-com-chain:native purchases on the open market, with the tokens then burned if governance approves the plan; voting is set for September 18.21d
    CoinGape@CoinGapeMedia⚡️ Today #BrandPulse CEO @Fwiz unveils @UltApp, the rebranded trading app from @CronosNetwork, the blockchain ecosystem associated with http://Crypto.com, expanding into prediction markets, perpetuals & tokenized assets. Launching Sept. 17 across 100+ countries, with 24/7/365 trading, 10 sports prediction categories & ~40 leveraged markets. The proposed strategy directs 100% of Ult & Cronos Launch revenue toward CRO buybacks and burns, while bringing more users, assets & liquidity onchain. For PR inquiries: contact@coingape.com #Cronos #Ult #CRO #CryptoCom #RyanWyatt #CryptoTrading #Tokenization #Onchain 🔗 Full story in comments 👇20d
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