[Cronos Network: First CRO Buyback and Burn Completed, 1.7915 Million CROs Burned] According to TechFlow, on October 30th, Cronos Network announced the completion of its first CRO buyback and burn, marking the first execution of its planned monthly burn mechanism. A total of 1,791,534.14 CROs were burned. The specific mechanism is as follows: transaction fees from the Ult platform will be used to buy back CROs, while token issuance fees from Cronos Launch will be burned after the initial exchange. Ult and Cronos Launch launched in September, therefore this burn covers the initial fee revenue after launch. Subsequent monthly burn amounts will be determined based on the actual fees collected that month, and the corresponding on-chain transaction records will be published simultaneously.