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@CronosNetwork

This channel is the home for official Cronos network updates
cronos.com Joined November 2020
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Cronos Verified account @CronosNetwork
CRO's first buyback and burn is done. This is the first in a planned monthly programme.

Trading on Ult and token launches on Cronos Launch generate fees. Ult fees are used to buy back CRO and Cronos Launch fees are unwrapped, and all of it is burned onchain.

Burned: 1,791,534.14 CRO
Tx: explorer.cronos.com/tx/0xda0f13b35…

Ult and Cronos Launch went live in September, so this burn covers the first weeks of fees. Each burn will be posted with its transaction, and the amount burned depends on the fees collected that month.
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Cronos Verified account @CronosNetwork
Cronos v1.8 is now live on mainnet.

With this upgrade, we are bringing ~20% faster median block times, an app-side mempool for lower latency and 90%+ EVM API equivalence.

Thank you to every validator, node operator and builder who helped us ship it.