Crons Governance Proposal: Use Revenue for Repurchase and Destruction of CRO
2026-09-19 12:39:13
According to CoinMeta, the repository maintainer lezzokafka of Crons GitHub has released a governance proposal that intends to use all the income from ult and Crons under Crons Labs to repurchase CRO in the public market, and to destroy these tokens on-chain every month, with the hash value of each destruction transaction being made public. Expenses related to operations, infrastructure, and growth will be covered by the existing capital. Additionally, the proposal suggests utilizing strategic reserves to support future staking rewards for Crons POS, and to compensate for the reduction in token issuance while maintaining the current staking parameters. This proposal has entered the voting phase as Governance Proposal No. 37, with voting to conclude at 10:02 AM on October 3rd, Beijing time. The contract for repurchase and destruction is still under development.
Bullish 0
Bearish 0
Source:X
This content is for market information only and does not constitute investment advice.