The Layer 1 blockchain Cronos (CRO) community has unveiled a governance proposal to use all product revenue from Cronos Labs for CRO buyback and burning. According to the proposal, all revenue generated from Ult and Cronos Launch will be used to purchase CRO from the market monthly, which will then be burned, and the on-chain transaction hash for each transaction will also be disclosed. Operational, infrastructure, and growth-related costs will be covered by existing capital, and strategic reserves are planned to be used for future Cronos POS staking rewards. Currently, this content is in the proposal stage.
