# Cronos Network Burns 1.79 Million Cronos (CRO) in First Buyback By Simon Yoon Canonical URL: https://www.tokenpost.com/news/technology/44383 Published: 2026-10-30T07:33:17.000Z Updated: 2026-10-30T07:33:17.000Z Section: Technology > The first transaction in the monthly program was valued at about $92,000. The plan uses revenue from Cronos Ult and Cronos Launch for open-market purchases that are then burned. Cronos Network has completed its first monthly buyback and burn, removing 1,791,534.14 Cronos (CRO) in a transaction valued at about $92,000. The transaction begins the rollout of a community-approved tokenomics plan. The plan directs 100% of revenue from Cronos Ult and Cronos Launch toward open-market CRO purchases, with the tokens then burned. The community approved the [buyback and burn plan](), which calls for monthly burns. Cronos Network plans to make the transaction hash public for each buyback. The first purchase is the initial transaction under the monthly program. ## Links in this article - [buyback and burn plan](https://www.tokenpost.com/news/technology/26613)