228 million CROs are about to be destroyed: Cronos vote ends on Saturday

Cronos (CRO) 价格分析：两大提案即将投票，通缩与通胀博弈

据 CoinGecko 数据，10月1日（星期四），Cronos 区块链代币 CRO 的价格为 0.0590 欧元。这一价格较七天前上涨 9.6%，较一个月前上涨 17.6%。CRO 的市值约为 29.4 亿欧元，在 CoinGecko 排名中位列第 38 位。

目前关注 Cronos 的主要原因是即将到来的投票截止日期。10月3日（星期六）UTC 时间凌晨 02:00 左右，两项旨在改变 CRO 供应量的提案将截止投票。其中一项提案提议销毁 2.28 亿枚 CRO；另一项提案则要求开发者机构 Cronos Labs 将其旗下两款产品的所有收入用于回购。这两项投票自 9月19日起已在链上运行，且计数过程公开透明。

CRO 本周价格走势：涨幅 9.6% 后出现回调

根据 CoinGecko 的小时级数据，周低点出现在 9月24日（星期三）中午 12:00 左右，价格为 0.0532 欧元。9月29日（星期二）下午 14:00 左右，CRO 触及周高点 0.0632 欧元，随后有所回落。从该高点至当前水平，跌幅约为 6.6%。

从更长周期的视角来看，CRO 的历史最高价为 0.793 欧元，创于 2021年11月。当前价格仍比历史高点低逾 90%。因此，本周的走势属于长期下跌趋势中的反弹，而非已确认的趋势反转。

提案 36：从社区池销毁 2.28 亿枚 CRO

第一项提案在技术层面较为简单。新创建的 CRO 定期流入 Cronos POS Chain 上的社区池，该库存会不时被销毁。此前已通过提案 18、26、28 和 30 执行了四次，每次销毁 5000 万枚 CRO。提案 36 计划一次性销毁 2.28 亿枚 CRO；截至周四上午，社区池持有约 2.347 亿枚 CRO。若通过，累计销毁量将达到 4.28 亿枚。

该提案包含可执行指令：一旦通过，链上会自动将该金额转移至一个无人能再移动这些代币的地址。此过程可通过 Mintscan 治理浏览器进行追踪。

提案 37：Ult 和 Cronos Launch 的所有收入用于回购

第二项提案影响更为深远，但不涉及自动执行。这是一项信号性提案，旨在请求质押者确认 Cronos Labs 的两项承诺：

• A部分：交易应用 Ult 和平台 Cronos Launch 的所有收入将在公开市场购买 CRO 并销毁，按月进行并在链上记录，每笔交易均公布哈希值。根据 Cronos Labs 的说法，运营和增长资金来自现有资本。
• B部分：直接关乎质押者。由于收入全部用于销毁，随着新 CRO 发行的逐渐减少，质押奖励将来自战略储备金。该 700 亿枚 CRO 的储备金源于 2025年3月争议的重新发行决定。根据提案，奖励费率、层级或锁定期均不会发生变化。

Two points are worth noting in the proposal: First, the contract used to automate the repurchase is still under development; second, the text does not predict the revenue size of Ult and Cronos Launch. Therefore, the actual number of CROs destroyed each month can only be observed after the first transaction is completed.

Voting status: Quorum has been reached, no objections

Early Thursday morning, Proposition 36 received the support of approximately 5.18 billion CROs, with 2.2 million abstentions, and no vote against or vetoes. The situation was almost the same for Proposal 37, with 5.16 billion votes in support. At that time, the number of CROs bonded was approximately 14.47 billion. Participation rates were 35.8% and 35.7%, respectively, above the required quorum threshold of 33.4%.

Unless a large number of blocks vote against or veto votes in the last few hours, the proposal is expected to pass. For vetoes, only one-third of the votes cast is needed to make the proposal rejected and the deposit will be destroyed. In response to Proposition 37, Cronos Labs said that if it is rejected, it will neither implement income rules nor release reserves to pledge rewards.

The proportional significance of 228 million CROs

Although the number may seem huge, the total supply is even larger. CoinGecko shows that the total supply of CROs is approximately 98.95 billion, of which approximately 49.75 billion are in circulation. Therefore, the destruction volume of Proposal 36 represents only 0.23% of total supply, or 0.46% of circulation. This is a signal, but it is not a cut that will significantly tighten supply.

In contrast, Proposal 37 has a more important impact on direction. Whether it supports prices depends entirely on the size of revenue generated by Ult and Cronos Launch, which does not yet exist. At the same time, the reserves of 70 billion CROs are still retained and have become a source of pledge rewards. When evaluating the proposal, both should be considered side by side: destroyed tokens from revenue and newly allocated tokens from reserves.

Key price range

Looking downwards, the integer barrier of 0.06 euros is near the current price, below which are the weekly low of 0.0532 euros and the integer threshold of 0.05 euros. Looking upwards, Tuesday's weekly high of 0.0632 euros is the first line of defense. These numbers describe where prices have turned over the past week, they are not target prices, and the results of Saturday's vote could move the trend in any direction.

Guidelines for purchase, pledge and tax of CROs in Germany

According to CoinGecko's list of trading venues, CROs are listed on a number of exchanges authorized by EU MiCA regulations, including Crypto.com, Coinbase, Kraken, Bitvavo and OKX. For details on which providers hold authorizations and their fee structures, please refer to the relevant compliance exchange comparison.

Only users who pledge their CRO on Cronos POS Chain can vote, whether directly or through a verifier. CRO holders, who are usually deposited on exchanges, cannot participate. Pledge rewards vary widely among providers. Please refer to Comparison of Pledge Providers for an overview.

About German taxation: Earnings sold after holding CRO for one year are exempt from tax, and the pledge will not extend the holding period. If the incentives received together with other such annual income exceed € 256, they will be taxed as other income. Therefore, users planning to pledge should record the date and value of each proceeds.

Multiple exchanges offer CRO perpetual contracts. Near the voting deadline, leveraged trading is risky because unexpected results can cause large price fluctuations within minutes. If 5 times leverage is used, the margin can be exhausted by a reverse price fluctuation of 20%.

Risks behind destruction

Destruction from community pools is a one-time supply reduction, while monthly buybacks are a commitment of unknown size. In addition, the strategic reserve of 70 billion CROs will bring new tokens into the market when funding pledge rewards. The ratio between these two capital flows determines whether supply actually declines.

Looking at it another way, the process is open: every vote, every destruction, and subsequent monthly repurchase transaction is recorded on the chain. Anyone holding a CRO can check monthly after this Saturday whether commitments have been fulfilled.

Cronos: Your next step is recommended

1. Check whether your exchange has MiCA authorization and list CRs. Please refer to the comparison of compliant crypto exchanges.
2. If you want to pledge or vote, please compare the yield and lock-up period. Please refer to the pledge comparison tool.
3. Record purchase dates and pledge inflows to retain evidence of holding periods and thresholds. The procedures in Crypto Tax Tool Comparison can help you do this.

(As of October 1, 2026. This article does not constitute investment advice. Price and fee structures may change; consult provider terms before purchasing.)