Cronos (CRO) burns 1.79 million tokens in its first monthly buyback, 0.0035 percent of supply

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.On October 30, Cronos for the first time bought back and destroyed its own tokens from ongoing revenue: 1,791,534.14 CRO for around $92,000. The amount equals 0.0035 percent of circulating supply, while around 1.2 billion CRO are due to be released from the reserve on November 16.Add as a preferred source on GoogleFollow on Google NewsOn October 30, 2026, Cronos for the first time took its own tokens off the market using ongoing revenue and destroyed them: 1,791,534.14 CRO, worth around $92,000 according to the trade news service TokenPost. This puts into practice for the first time a model that the community approved at the start of October. The decisive number, though, lies not in the burn but next to it: the amount destroyed equals 0.0035 percent of circulating supply, and around 1.2 billion CRO are due to come out of the reserve on November 16 under the release schedule. A burn is the permanent destruction of tokens by sending them to an address with no access key. A buyback...