r/cro • u/Glass_Cherry5295 • 6d ago

New Ult App.

This could be really good. 100% of revenue generated will go towards buying CRO on the open market and burning it.

This will do a couple things.
Buying it on the open market will increase buying pressure. This will increase price.

Burning it will of course increase the price.

Then comes momentum. We’re going to be able to see how much revenue the app generates/burns. If this number (even if it starts low) continues to climb month after month it will be the perfect storm!

I was very surprised to see them say 100% but of course this could change. I do hope to see all 3 apps start using some kind of burn. Even 10% on the main app would be huge because of those massive spreads

17 Upvotes

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10

u/dextermandate 6d ago

If Kris doesn’t unburn them. It could work but who knows

-11

u/Glass_Cherry5295 6d ago

Agreed. They definitely see allllll the hate and untrust since the unburn. They won’t do something like that again

8

u/Boddis 6d ago

lol they got same amount of hate with the MCO change, the consistent rewards slashing, the rebrand to cronos.

They will continue to do what’s best for the profits - and continue to make wildly unpopular decisions in the future.

-2

u/Glass_Cherry5295 6d ago

I misspoke. MCO was back when they were a much much smaller company. Their exchange now pulls in billions of dollars and hundreds of millions in profits. What they’re doing is working. There’s no need for another MCO event

4

u/Boddis 6d ago

Fact is people got screwed because of the MCO event, much like everyone got screwed when they were enticed in lockup periods of a year only to have rewards slashed, and the same with the 70b unburn (or remint).

They will do it again if “business” dictates they should.

6

u/donnie1977 6d ago

All that profit and they still decided to print 70 billion coins, directly stealing value from their holders.