Today, we published Cronos Labs’ strategy for what comes next. At the center of it is a simple principle: everything Cronos Labs builds should work for CRO. Two products will drive this strat
Today, we published Cronos Labs’ strategy for what comes next.
At the center of it is a simple principle: everything Cronos Labs builds should work for CRO.
Two products will drive this strategy:
Under the proposed strategy, 100% of revenue from Ult and Cronos Launch would be used to buy CRO on the open market and burn it.
Cronos Launch opens as a launchpad for new tokens on Cronos Network. Alongside it, we are publishing criteria for tokens on Cronos Network to be considered for listing on the Crypto.com app.
The criteria are venue-neutral. Tokens launched through Wolfswap, Puush.fun, banger.meme, Trix, Obsidian, Cronos Launch or any other launchpad on Cronos Network are assessed under the same criteria. Existing tokens can qualify as they are, with no relaunch required.
Meeting the criteria gets a token considered for review by Crypto.com, not guaranteed a listing. Final listing decisions remain with Crypto.com.
This is the one we have been building toward.
All markets, one app:
Ult is short for Ultimate, unlocking your most powerful ability. With Ult, our goal is to give you the most powerful ability to trade: anything you want, whenever you want, wherever you want.
On 17 September, Ult goes live. It is a milestone we have been working toward for a long time — and we cannot wait to finally put it in your hands. We will write to you the moment it opens.
Download on 17 Sept at:https://ult.trade/
For existing Crypto.com Onchain Wallet users, your current wallet experience stays exactly as it is. You’ll continue to see the same Onchain Wallet interface and your balances are not moved or affected.
A banner at the top will let you switch into Ult, where you can trade across markets from one account with no gas fees. You can move between Ult and Onchain Wallet anytime, with both views available in the app.
Onchain Wallet mode will remain available while Ult expands support across the networks most widely used by Onchain Wallet customers. Notice will be provided before any full transition to Ult takes place.
01 Strategy — whether all revenue from Ult and Cronos Launch goes to buying CRO on the open market and burning it.
02 Community pool — whether to burn 228M CRO from the community pool.
More details on both proposals will be published, leading up to the voting period.
Our ambition is to grow Cronos through products people choose to use, stronger infrastructure for developers, and an ecosystem where that growth works for CRO.
Read the full memo:cronos.com/strategy
