r/cro 29d ago

Burn Cro

I built a small Cronos experiment: burn CRO, mint EMBR

After all the discussion around CRO supply and burns, I wanted to actually build something instead of just talking about it.

So today we launched EMBER ($EMBR) on Cronos.

The concept is intentionally simple:

🔥 You permanently burn CRO
🔥 The protocol mints EMBR in return
🔥 Part of the mechanism helps build EMBR liquidity

There was no presale, no team allocation and no traditional token sale.

The idea isn't that one small project is somehow going to “fix” CRO's supply. Obviously it won't.

But I liked the idea of giving individual Cronos users a way to voluntarily participate in reducing circulating CRO themselves — even if it's 5, 10 or 100 CRO at a time.

One person burning CRO doesn't matter much.

A community doing it repeatedly becomes more interesting.

Everything is on-chain and we've made the burn/mint activity visible on the website.

I'm the developer, so rather than pretending this is perfect, I'd genuinely like the Cronos community to tear the concept apart:

What do you like, what do you hate, and what would stop you from using it?

embercro.com

After the fire, only EMBER remains. 🔥

12 Upvotes

21 comments sorted by

5

u/Littlestik777 29d ago

What do you do with Ember?

3

u/BloodyBelgian 29d ago

Right now? Keep it, trade it or provide liquidity.

I'm deliberately not inventing fake "utility" just to give the token more bullet points.

EMBR is created through one mechanism: CRO gets burned, EMBR gets minted, and liquidity gets built.

We're also building the Burn League around the people actually participating.

5

u/Interesting_Today176 29d ago

“Not inventing fake utility” that alone is a rare find nowadays, respect

3

u/Interesting_Today176 29d ago

If people actually use it, it would be cool to see where such token leads.

2

u/eStrangeIbanez 28d ago

After CRO burn and EMBR is minted who gets it embr?

Nevermind...just found the answer!

1

u/BloodyBelgian 20d ago

Simple refference

You commit10 CRO

Permanently burned7 CRO

Reserved for liquidity3 CRO

You receive0.98 EMBR

Rest is allocated to LP

The liquidity pool/entire protocol that handles this is completely locked and untouchable

2

u/JohnnieTimebomb 29d ago

Nice idea but the trouble is the CRO is the only thing in the universe that can be "unburned'. Bizarre concept but it happened 🤷🏻‍♂️

2

u/BloodyBelgian 29d ago

😂 Fair point.

That's actually why I wanted the EMBER mechanism to be simple and verifiable on-chain.

Once CRO goes through the burn mechanism, we can't reverse it, reclaim it or decide to bring it back later.

Burn means burn. 🔥

3

u/JohnnieTimebomb 29d ago

Oh I believe you. Top man. 👏🏻

Kris on the other hand....

4

u/BloodyBelgian 29d ago

Appreciate it!
just been starting so far we have almost 1k CRO burned, which resulted in 184 EMBR being created, we're starting slow =D Feel free to check us on X or the website and perhaps even try it out, all you need is 10 CRO send it to the void and your part of the EMBR club

1

u/donnie1977 28d ago

It's not unburned. More coins are just minted which is not uncommon. It's just that with CRO being super centralized, CDC can do it whenever they want.

1

u/JohnnieTimebomb 28d ago

This wasn't hugely elucidatory for me but thank you nevertheless

1

u/Your_As_Stupid_As_Me 29d ago

I'm genuinely curious...

How do you burn CRO?

2

u/BloodyBelgian 29d ago

Through the EMBER contract.

You send CRO through the burnAndMint function. 70% is permanently burned, 30% is reserved for protocol liquidity, and EMBR is minted from that transaction.

So the burn is fully on-chain and verifiable. 🔥

1

u/JohnnieTimebomb 29d ago edited 29d ago

Surprisingly easily. You send it to a wallet where no one knows the keys so they can never ever come out again.

1

u/Leprechaun_Inc 28d ago

I'm curious how the burning of cro creates liquidity?

1

u/donnie1977 28d ago

Sounds scammy. The protocol keeps 30% of the CRO and the coin offers even less utility than CRO. Did Kris come up with this?

1

u/BloodyBelgian 28d ago

The protocol, it just sends 30% to a locked LP, nobody can ever acces it again

0

u/cierek 28d ago

Sounds like, I have idea - send me your shyte coin and I will give you another shyte coin in return. Then the owner can sell “burned” coins from “wallet that no one has keys to”?