Cronos community launches proposal to repurchase product revenue and destroy CRO

The Cronos community has released a governance proposal to use all revenue generated from Ult and Cronos Launch to purchase CROs in the market and destroy them on a monthly basis, and to execute and publish transaction hash values on the chain on a monthly basis. The operational, infrastructure, and growth costs are covered by existing funds, and strategic reserves are used to support Cronos POS staking rewards. The staking rewards are distributed according to the current Cronos POS parameters, and are supplemented by reserves when the issuance volume decreases. The voting period for this proposal is until October 3rd.