228 Million CRO Up for Burning: the Cronos Vote Ends on Saturday

Cronos (CRO), the token of the Cronos blockchain, cost 0.0590 euros on Thursday, October 1, according to CoinGecko. That is 9.6 percent more than seven days ago and 17.6 percent more than a month ago. With a market capitalization of around 2.94 billion euros, CRO ranks 38th on CoinGecko.

The reason to look at Cronos now is a deadline. On Saturday, October 3, at around 02:00 UTC, voting closes on two proposals meant to change the supply of CRO. One would burn 228 million CRO; the other would commit developer firm Cronos Labs to putting all revenue from two products into buybacks. Both votes have been running on-chain since September 19 and can be counted publicly.

The CRO price this week: a 9.6 percent gain with a pullback

The weekly low was 0.0532 euros on Wednesday, September 24, at around 12:00, according to CoinGecko's hourly data. On Tuesday, September 29, CRO hit its weekly high of 0.0632 euros at around 14:00 and then eased again. From that high to the current level there is a discount of roughly 6.6 percent.

A longer view helps place that. The all-time high of 0.793 euros dates from November 2021. Today's price sits more than 90 percent below it. This week's move is therefore a recovery inside a long downtrend, and not yet a trend reversal that could be documented.

Proposal 36: 228 million CRO from the community pool

The first proposal is the simpler one technically. Part of the newly created CRO flows regularly into a community pool on the Cronos POS Chain, and that stock is burned from time to time. It has happened four times so far, through proposals 18, 26, 28 and 30, each with 50 million CRO. Proposal 36 would now destroy 228 million CRO at once; the pool held around 234.7 million CRO on Thursday morning. In total, 428 million CRO would then have been burned.

The proposal contains an executable instruction: if it passes, the chain automatically transfers the amount to an address from which nobody can move the tokens again. That can be followed in the Mintscan governance explorer.

Proposal 37: all revenue from Ult and Cronos Launch into buybacks

The second proposal reaches further, but it executes nothing automatically. It is a signalling proposal with which stakers are asked to confirm two commitments by Cronos Labs. Part A: all revenue from the trading app Ult and the platform Cronos Launch buys CRO on the open market and burns it, monthly and on-chain, with a published hash for every transaction. Operations and growth are funded from existing capital, according to Cronos Labs.

Part B concerns stakers directly. Because revenue goes entirely into the burn, staking rewards are to come from the Strategic Reserve as the issuance of new CRO gradually falls. This reserve of 70 billion CRO was created by the contested reissuance decided in March 2025. According to the proposal, nothing changes about the reward rate, the tiers or the lock-up periods.

Two points stand in the proposal itself and deserve attention. The contract meant to execute the buybacks automatically is still in development by its own account. And the text contains no forecast of how high the revenue from Ult and Cronos Launch will be. How much CRO is actually burned each month can therefore only be read off the first transactions.

The state of the vote: quorum reached, no votes against

In the early hours of Thursday, proposal 36 stood at around 5.18 billion CRO in favour, 2.2 million abstaining and not a single vote against or vetoing. Proposal 37 looked almost the same with 5.16 billion yes votes. Bonded, meaning staked, were around 14.47 billion CRO at that point. Participation was therefore 35.8 and 35.7 percent, above the required quorum of 33.4 percent.

The proposals could now fail only if a large block votes no or veto in the final hours. For a veto, a third of the votes cast is enough; the proposal then counts as rejected and the deposit is burned. For proposal 37, Cronos Labs has stated that in the event of a no it will neither implement the revenue rule nor release the reserve for staking.

What 228 million CRO mean in proportion

The figure sounds large, but the supply is larger. CoinGecko lists a total supply of around 98.95 billion CRO, of which around 49.75 billion are in circulation. The burn from proposal 36 therefore equals 0.23 percent of total supply or 0.46 percent of the circulating amount. It is a signal, yet not a cut that tightens supply noticeably.

Proposal 37 matters more for the direction. Whether it supports the price depends entirely on how much revenue Ult and Cronos Launch generate, and that figure does not exist yet. At the same time the reserve of 70 billion CRO remains in place and becomes the source of staking rewards. Anyone assessing the proposal should lay both sides side by side: tokens burned from revenue, and tokens newly distributed from the reserve.

These levels frame the week

To the downside, the round level of 0.06 euros sits right at the current price, below it the weekly low at 0.0532 euros and the round threshold of 0.05 euros. To the upside, Tuesday's weekly high at 0.0632 euros is the first level. These values describe where the price turned over the past week. They are not price targets, and the outcome of Saturday's vote can shift the course in either direction.

Buying, staking and taxing CRO in Germany

CRO is listed on large exchanges that operate in the EU with authorization under the MiCA regulation, among them Crypto.com, Coinbase, Kraken, Bitvavo and OKX, according to CoinGecko's list of trading venues. Which providers hold that authorization and what they charge is shown in our comparison of crypto exchanges with a MiCA license.

Only those who have staked CRO on the Cronos POS Chain can vote, either directly or through a validator. Anyone holding CRO at an exchange usually does not take part. Staking rewards differ considerably between providers; our comparison of staking providers gives an overview.

On tax in Germany: gains from selling CRO are tax-free after a holding period of one year, and staking does not extend that period. The rewards themselves are taxable on receipt as other income if, together with other such income in the year, they reach 256 euros. Anyone planning to stake should therefore record the date and value of every payout.

Perpetual futures on CRO are available on several exchanges. Around a voting deadline, leverage is risky, because an unexpected result can move the price within minutes. At five times leverage, a 20 percent move against you uses up the margin.

The risk behind the burn

A burn from the community pool is a one-off reduction, while the monthly buybacks are a promise whose scale nobody knows. On top of that, the Strategic Reserve of 70 billion CRO brings new tokens to the market as soon as it funds staking rewards. The ratio between the two flows decides whether supply actually falls.

Seen the other way, the procedure is open: every vote, every burn and later every monthly buyback transaction stands on-chain. Anyone holding CRO can check month by month after Saturday whether the commitment is being honoured.

Cronos: Your next three steps

1. Check whether your exchange holds a MiCA authorization and lists CRO, in the comparison of regulated crypto exchanges.
2. If you want to stake or vote, compare yields and lock-up periods in the staking comparison.
3. Record purchase dates and staking inflows so that the holding period and the threshold can be documented. The programs in the comparison of crypto tax tools help with that.

(As of October 1, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)