The strategy for Cronos moving forward
This page sets out the strategy Cronos Labs is taking forward and the tokenomics changes it proposes. It covers what changes and what CRO holders vote on.
- 100% of Ult and Cronos Launch revenue buys CRO
- 100+ countries at launch
- 24/7/365 stock, predictions, and crypto markets
The Ultimate Trading App
What started this year as Onchain Wallet, a self-custodial wallet from Crypto.com. We called the app Cronos while we built it. At launch it becomes Ult. At launch Ult supports sports predictions and a subset of Cronos Network tokens and perps markets. Over the next few weeks it adds far more to trade across predictions, perps, tokenized stocks and crypto. Ult launches in over 100 countries; available markets vary by jurisdiction.
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. So why rename the app? To better capture the breadth it covers: it supports Cronos Network alongside other major global venues, so a trader can reach what they want to trade without leaving the app.
Only the app is renamed.
The chain is still Cronos Network, CRO is still the network token, and every proposal on this page routes revenue to CRO.
Ult at launch, and what comes next
| In the app at launch | Next: key focus areas |
|---|---|
| Native USDC on Cronos Network Cash balances settle to native USDC | More spot markets Robinhood Chain and expanded Cronos Network support |
| Sports predictions The 10 leading categories at launch | More perps markets Leverage on US and international stocks, commodities and crypto native assets |
| Spot crypto on Cronos Network Routed through VVS to start | More prediction markets Outcomes beyond sports fixtures, across more categories |
| Stocks, commodities and crypto perps Long or short with leverage, about 40 markets | Better Universal Deposit More funding rails and networks supported |
| Universal Deposit Local payment methods, cards and crypto | View the Cronos Labs roadmap |
Cronos Launch, live Sept 15
Cronos Labs' own launchpad. It has no token. Anyone can create one on it, the token trades on a bonding curve, and every buy and sell pays a fee. 100% of that fee buys CRO and burns it.
Later, tokens that graduate from Cronos Launch will automatically get listed on Ult.
From any launchpad on Cronos Network to a Crypto.com listing review
A token that graduates on any launchpad on Cronos Network can be submitted to be listed on Crypto.com. Identical terms at every venue. Existing tokens qualify as they are, with no relaunch.
Review criteria is identical for every venue.
Existing launchpad tokens qualify as they are, with no relaunch required.
Clearing the bar gets a token into Crypto.com's ongoing review. It is a review, not a listing. Crypto.com owns the criteria, the cadence and the rejections, and Cronos Labs does not speak for that process. Apply at crypto.com/en/listing.
- Launch
- Graduate
- Submit
- Review
- Get listed
Tradable on
- Cronos Launch Launchpad bonding curve
- Ult & other DEXes Cronos Network
- Crypto.com, Ult and other DEXes & other DEXes After review
Ult and Cronos Launch allocate 100% of revenue to buying and burning CRO
That is the mandate of Cronos Labs. 100% of revenue from Ult and Cronos Launch buys CRO on the open market and burns it. Operations and related costs come from existing capital instead of from Ult or Cronos Launch revenue.
- Cronos Labs apps
- Ecosystem apps
Bringing flow back to Cronos Network
All cash balances on Ult settle to Cronos Network. At launch Cronos Network is the primary spot venue, while perps and predictions settle on venues elsewhere. Every trade earns revenue that buys and burns CRO wherever it settles.
Today the depth for perps sits on external venues, so that is where Ult routes. As Ult grows, the flow arriving at those venues is flow Ult brought, and the economics invert: once Ult's own order flow is enough to support a market, the better return is to run that market on Cronos Network and keep the liquidity, the fees and the settlement here.
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Users
Breadth brings traders into Ult. Every trade's revenue buys and burns CRO from day one.
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Assets
Assets issued natively on Cronos Network trade here by definition: tokens that graduate on a launchpad here, tokenized equities, and the products Cronos Labs builds natively.
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Venues
Each asset issued here brings its order flow with it, and each market Ult can support on its own flow moves onto Cronos Network when the return justifies it.
Everything Cronos Labs builds works for CRO
Cronos Labs builds Ult, and supports the ongoing development of Cronos Launch and VVS Finance. The revenue rule above covers Ult and Cronos Launch.
All other Cronos Labs projects will be sunset over the coming months. Look to each project directly for its own communications.
Ult
Trading app · no token
100% CRO, bought and burned
Cronos Launch
Launchpad · no token
100% CRO, bought and burned
VVS Finance
Leading DEX on Cronos Network. Has its own token.
VVS is where Ult's spot orders route today, not an exclusive. More venues are on the roadmap.
This is where 100% of Cronos Labs’ development goes from here. That focus is what lets Cronos Labs drive revenue to CRO and support the developers building on Cronos Network. Ult and Cronos Launch revenue buys CRO and burns it.
Cronos Labs is here to support the developers building on Cronos Network
The infrastructure, tools and services builders need, in place and paid for, listed at cronos.com/network.
What Cronos Labs does for builders
-
Maintain and improve Cronos Network
The chain itself: an EVM-compatible network anyone can deploy on with Solidity, Foundry and Hardhat.
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Fund the infrastructure builders rely on
A native stablecoin, plus the node, data and routing services on the cronos.com/network directory.
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Bring the flow back to Cronos Network
Cronos Labs' first focus is the breadth of assets in Ult. As the user base grows, Cronos Labs brings that flow back to Cronos Network.
What builders get: familiar EVM tooling, a 24/7 settlement network with key integrations like a direct on/offramp with Crypto.com and Native USDC, and distribution as Ult grows (as an example, through token listing and via routing when execution quality improvements ship.)
What we’re building next
The products and features in active development across Cronos Labs.
- Inventory breadthMore markets across spot, predictions, and perps
- Deposits/withdrawalsDeposits, withdrawals, and funded accounts
- Cronos NetworkTrades and listings that settle on Cronos Network
- TVPUMore volume from the traders who trade most
At launch
live on 17 September
Native USDC on Cronos Network
Cash balances on Ult are Circle's native USDC on Cronos Network. Native USDC moves between chains on Circle's own rails, which is what lets a deposit reach a perps position without the conversion tax a non-native stablecoin pays. Every funded account holds a Cronos Network asset before it places a trade.
DrivesCronos NetworkAt launch
Sports predictions
Tap a game, pick an outcome, type a dollar amount and see exactly what it wins. Winnings arrive on their own when the game ends. It is a market people who have never traded crypto already understand, so it brings in users who did not come for a token, and every match is a reason to open the app on a day crypto is not moving.
DrivesInventory breadthAt launch
Spot crypto on Cronos Network
Cronos Network tokens traded natively in the app, routed through VVS to start.
DrivesCronos NetworkAt launch
Stocks, commodities and crypto perps
Leveraged perpetuals on crypto majors, US stocks and commodities such as gold. The markets stay open around the clock, including nights and weekends when the stock market is closed.
DrivesInventory breadthAt launch
Universal Deposit
One Add Funds flow for every way money arrives: crypto from major chains, or fiat by card, bank transfer or a local payment method in your own currency. Whatever comes in lands as native USDC on Cronos Network with gas paid, ready to trade in seconds.
DrivesDeposits/withdrawalsAt launch
Next
next up in the build
Crypto checkout
Buy a token with a card in one step. If your cash balance covers the buy the trade routes as normal; if it does not, checkout fills the gap and the token lands in your account. It starts with Robinhood Chain memecoins and extends to Solana and Cronos Network from there. A small first buy is how a trader tests an app, and this takes deposit, wait and trade down to one screen.
DrivesDeposits/withdrawalsNext
Deposit from your exchange
Link the account you already hold on Coinbase, Binance or Crypto.com and move funds in. The money a retail trader already has sits mostly on an exchange, and this is the shortest path from there to the trade.
DrivesDeposits/withdrawalsNext
Desktop terminal
Perps, predictions, sports and portfolio on a screen built for size, plus market pages that work signed out, so a market can be linked from a group chat or found from a search with live prices before an account exists. The traders who carry the most notional do not manage size on a phone, and the venues they could leave for are desktop first.
DrivesTVPUNext
More Cronos Network tokens
The bar a Cronos Network token clears to be tradable in Ult moves from a hand-picked list to a rule: a live price feed and real liquidity in its pool. Tokens that graduate from a launchpad on Cronos Network get added on their own. More of what Cronos holders already own becomes tradable without the project doing anything.
DrivesCronos NetworkNext
More perps markets
Perps markets sync from the venue daily instead of being added by hand, so the breadth grows well past what ships at launch. A trader who cannot find the market they want leaves for the app that has it, so the long tail of perps holds traders as much as it wins them.
DrivesInventory breadthNext
More prediction markets
The same two-tap trade applied to an election, a rate decision, a token launch or an awards show, in a Predictions tab beside Sports. It widens who the app is for, and these markets move on their own calendar rather than crypto's, so there is something to trade every week.
DrivesInventory breadthNext
Robinhood Chain
Tokens on Robinhood Chain, starting with the memecoins that drive most of its volume, traded from the same balance as everything else. A buy is a swap from your USDC into the token and a sell is the reverse, so nothing is left sitting on another chain. Traders chasing that activity today leave the app for it and take on unverified contracts to do so; this keeps them in Ult, and the fee on that flow buys CRO like any other.
DrivesInventory breadthNext
Later
after that
Best-price routing across venues
Every spot order asks more than one venue for a price and fills at the best one, with more Cronos Network, perps and predictions venues. No order is tied to a single venue, and each venue added tightens pricing and depth across the breadth of inventory supported on Ult.
DrivesTVPULater
Cross-chain withdrawal
Withdraw your cash balance to networks beyond Cronos Network, arriving as USDC on the chain you pick. Universal Deposit brings money in from every major chain; this is the same path in reverse, so a balance is never stranded where it happened to land.
DrivesDeposits/withdrawalsLater
Direct CRO deposits
Send CRO from any wallet or exchange to your Ult address and it lands as CRO in your spot balance, with no conversion on the way in.
DrivesCronos NetworkLater
Fee-free first trade
A new user's first deposit and trade cost nothing: the onramp fee is rebated and Ult's own fee on that first trade is waived. Ult already charges nothing on crypto deposits and withdrawals; this covers the card or bank buy most new users start with.
DrivesDeposits/withdrawalsLater
Fiat offramp
Withdraw your cash balance to a bank account or card in your own currency, without moving it through another app first. A trader sizes their deposit against how easily they can get money back out, so the exit is part of what brings the money in.
DrivesDeposits/withdrawalsLater
Following and share cards
Follow the traders whose calls you want in front of you, with those follows feeding what the app surfaces next. Posting an open position as a card, PnL front and center, comes with it. More to watch is more reason to have a position on, and the traders who watch closest are the ones carrying size.
DrivesTVPULater
Headless onramp
Buying with fiat finishes inside Ult instead of handing off to a provider's web checkout. Every handoff is a place a user drops, and a user who drops at the on-ramp never trades.
DrivesDeposits/withdrawalsLater
Leaderboards
Ranked by realized results over a day, a week or all time. Putting results in public gives the most active traders something to compete for, and that is the cohort already carrying most of the volume.
DrivesTVPULater
Referrals
Earn CRO when a friend you bring in funds an account, makes a first trade and stays.
DrivesDeposits/withdrawalsLater
Solana
Solana majors and memecoins in the same app and the same balance, with no separate wallet, no SOL for gas and no chain to pick. A buy is a swap from your USDC into the token, delivered in seconds. Traders who hold Solana assets keep a second app to trade them, this removes the reason, and the fee on that flow buys CRO like any other.
DrivesInventory breadthLater
Stock tokens
Tokenized US stocks and ETFs next to crypto in one account and one balance, tradable around the clock. As issuers tokenize stocks natively on Cronos Network, Ult lists them and that flow settles on Cronos Network.
DrivesCronos NetworkLater
Tokenomics proposal
On 18 September the strategy and the community pool are posted to Cronos POS governance as separate proposals, with separate outcomes.
Key dates
-
Strategy brief
The app name, the revenue rule and the Cronos Labs mandate.
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Cronos Launch goes live
No token. Its revenue buys CRO on the open market and burns it.
launch.cronos.com -
Ult launches
With Ult, our goal is to give you the most powerful ability to trade: anything you want, whenever you want, wherever you want.
-
The proposals are posted
The strategy proposal and the community pool proposal are posted to Cronos POS governance.
What each proposal decides
Proposal posts 18 September 2026
Strategy
Decides whether CRO holders back sending all revenue from Ult and Cronos Launch to buying CRO on the open market and burning it. If it does not pass, Cronos Labs does not proceed.
100% Of the revenue from Ult and Cronos Launch. Operations, infrastructure and any growth spending are funded from existing capital.
Proposal posts 18 September 2026
Community pool
Decides the fifth community burn, and whether the pool is burned as it accrues from then on. Nothing burns until a vote passes.
227.9M CRO The fifth burn proposed; a standing rule to burn the pool as it accrues.
Proposed changes to CRO
| Before | After · if the proposals pass | |
|---|---|---|
| App revenue | Four uses: CRO staking yield, growth, CRO buyback and burn, R&D and OPEX. | 100% buys CRO on the open market and burns it. |
| Staking rewards | “…the strategic reserve bridges the gap while protocol revenue scales up.” | Reward rate unchanged. Block rewards continue at current Cronos POS parameters, backfilled from the strategic reserve. |
| Growth, R&D | Funded from app revenue. | From existing capital; new development ends where it does not drive revenue to CRO. |
| Buyback & burn | “Executed strategically based on market conditions (e.g., fear & greed index) to maximise impact.” | Monthly, onchain, every hash published. No discretionary timing. |
| Community pool | CRO burns followed no consistent criteria or cadence. | The fifth burn proposed; a standing rule to burn the pool as it accrues. |
This page is a statement of strategy, direction, and proposed governance actions by Cronos Labs. It is not a prospectus, offering document, or solicitation of investment, and it does not constitute an offer to sell, or a solicitation of an offer to buy, any token, security, derivative, or financial instrument in any jurisdiction. Nothing herein constitutes investment, legal, tax, or financial advice, and no representation or warranty, express or implied, is made as to the accuracy, completeness, or timeliness of the information presented. All figures and data are snapshots as of 8 September 2026, are subject to change, and will be re-verified before the governance proposals are posted; readers should not rely on them as current at the time of reading. Cronos Labs and Crypto.com are separate and independent legal entities, each with its own governance, management, operations, and regulatory obligations; neither entity is an agent, partner, joint venturer, fiduciary, or affiliate of the other for any purpose. The products and features described herein are subject to applicable laws; their availability, terms, and features may vary and are subject to change without notice. Stock tokens referenced herein may be derivative instruments providing economic exposure to the price performance of referenced equities only, which do not constitute actual shares and confer no legal ownership, voting, dividend, or other shareholder rights. Perpetual futures and leveraged products carry a high risk of loss, including the risk of auto-liquidation and total loss of deposited funds, and are not suitable for all participants. The governance proposals described herein are subject to on-chain voting by CRO holders and may not pass; the outcomes of each proposal are independent, and Cronos Labs makes no representation as to the results. The strategy, revenue allocation, and tokenomics changes described herein are contingent upon the passage of the relevant governance proposals. Forward-looking statements regarding product roadmap items, market expansion, and asset availability are subject to risks and uncertainties, and actual outcomes may differ materially. To the fullest extent permitted by applicable law, Cronos Labs disclaims all liability for any loss or damage arising from reliance on the information contained herein.