Cronos Network, an interoperable EVM blockchain, has executed a major token burn of its native coin $CRO. The burn has been carried out after the community approval of 2 governance proposals. The network announced on X today that 228 million $CRO tokens have been permanently removed from the community pool. The value of this burn is approximately $15 million at the current market price of CRO.

Both tokenomics proposals have passed.

228,000,000 CRO has been burned from the community pool, bringing the total to 428,000,000 CRO.

100% of Ult and Cronos Launch revenue will now buy CRO on the open market and burn it monthly, with every transaction hash published.

Staking… pic.twitter.com/vE5MBp9HeB

— Cronos Network (@CronosNetwork) October 3, 2026

The latest burn is a part of a broader tokenomics update approved through Proposals 36 and 37. The changes introduce substantial one-time supply reduction and a recurring mechanism that directs platform revenue toward CRO buybacks and burns.

The 228 million CRO burn brings the total number of tokens removed from circulation to 428 million. Based on CRO price ($0.065–$0.066), the latest batch carries an estimated value of $15.05 million.

The burn also marks the fifth execution under Cronos Network’s existing mechanism. Previous burns each removed approximately 50 million CRO. The latest burn is substantially larger than earlier rounds.

Cronos Approves Monthly CRO Buybacks Using Platform Revenue

In addition to the immediate token destruction, the approved governance proposals establish a monthly recurring supply-reduction mechanism. Under the new arrangement, 100% of revenue generated by Ult and Cronos Launch will be allocated to purchasing CRO on the open market. The acquired tokens will then be permanently burned each month.

Cronos Network also committed to publishing the transaction hashes associated with these activities. This way, the network will allow community members to independently track the buybacks and burns on-chain.

CRO Staking Rewards Remain Unchanged

Despite the changes to the token supply mechanism, Cronos confirmed that staking rewards will remain unchanged. The rewards will continue to be funded through the Strategic Reserve rather than the revenue allocated to CRO buybacks and burns.

The latest development expands Cronos’ existing burn program through direct token destruction. Its longer-term effect on CRO’s circulating supply will still depend on its demand.