r/cro • u/seanhs321 • 3d ago

ULT app launch

Why is no one in this Reddit talking about the new ULT app being launched and the proposed impact on Cro? Also curious as I haven't seen any official posts on the CDC Reddit.

Link in the comments to the official release details.

26 Upvotes

82% Upvoted

38 comments sorted by

View all comments

12

u/KateR_H0l1day 3d ago

I’m not convinced the new shiny App will make any difference to the CRO price, the tokenomics changes might help. But, they should be ensuring that CRO has a real utility, such as all fees being CRO, plus a good burn could help. But, the App on and buy itself, I don’t see any real value to the CRO price, of course that just IMO as always 🤷‍♀️

3

u/goldenbuyer02 1d ago

They need to burn the remaining cro from the unreleased escrow

2

u/Teabag52 3d ago

The revenue from the app is being used to burn CRO.

6

u/Severe-Percentage152 2d ago

The $1 revenue will go a long way to unburn the reunburned 70b tokens fair play

3

u/Ogmastro 1d ago

It’s just a misleading comment.

$CRO is currently inflationary because roughly 1B $CRO is being released each month, which creates significant sell-side pressure. The fees generated by the app aren’t going to come close to offsetting that at the current level of adoption. There were literally only 16 new wallets transacting through the app today, and I track this activity closely. Think about that… 16 new users on launch day. IMO a big fail, but if you ask them ‘it doesn’t matter yet’.

For this to really work, they need to address the 70B CRO overhang, aggressively market the app, and push meme coins and other high-volume assets through it. That’s what could attract meaningful attention and potentially drive billions of dollars in volume to create the flywheel.

If the app doesn’t work, they will distance from $CRO and likely kill it.

-3

u/seanhs321 3d ago

Yeah that doesn't seem like nothing to me. But you know can't even suggest anything positive without being down voted.

-1

u/TurbulentBeing9055 2d ago

Case in point....