PONS buyback and burn capacity has dropped dramatically
In the past 9 hours, the PONS burn address has been burning four transactions per hour, each worth about 350u; in other words, fewer than 1500u burned per hour.
But before those 9 hours, it was basically burning once every 15 minutes—3 transactions each time. The value of the three transactions was about 350u, about 1200u, and about 6000u, respectively. Each burn event was roughly 7500u, so per hour that would be 30000u.
However, starting 9 hours ago, the three transactions per burn event became one. Only the single 350u transaction remains for burning. Also, previously it was every 15 minutes, but now the timing isn’t fixed.
Does anyone know what’s going on—has the burn mechanism changed? $PONS #pons
In the past 9 hours, the PONS burn address has been burning four transactions per hour, each worth about 350u; in other words, fewer than 1500u burned per hour.
But before those 9 hours, it was basically burning once every 15 minutes—3 transactions each time. The value of the three transactions was about 350u, about 1200u, and about 6000u, respectively. Each burn event was roughly 7500u, so per hour that would be 30000u.
However, starting 9 hours ago, the three transactions per burn event became one. Only the single 350u transaction remains for burning. Also, previously it was every 15 minutes, but now the timing isn’t fixed.
Does anyone know what’s going on—has the burn mechanism changed? $PONS #pons
