Odaily Planet Daily reports that Pons founder Ozzy responded on X to community questions about the PONS buyback and burn mechanism. He said that the current burn rate has not yet been adjusted, and that the “Claim” stage has not yet achieved full decentralization.
He stated that on-chain contract upgrades are currently underway. The new buyback mechanism is planned to execute a Claim once every 7 days, and then during the following 7 days all received funds will be used for buybacks and the burning of PONS. After that, the process will repeat, aiming to establish a more sustainable buyback and burn mechanism. Currently, all buyback and burn operations have been automated. Anyone can trigger the bot and receive a small reward for doing so.
It further indicates that the previously set buyback-and-burn rate of 2e per hour, together with the current fund size of approximately $950,000 in the Splitter (fund-splitting contract), matches the 7-day buyback cycle. After the funds are claimed, they will also be executed automatically on a 7-day cycle. Therefore, the buyback funds will be displayed in two different sections: one is the current buyback active pool (Active Buyback Vault), and the other is the funds reserved for next week’s buyback.
Earlier, crypto analyst yyy posted on the X platform stating that Pons has not topped up the buyback distributor with funds for more than 5 days. The custodial account waiting to be claimed had accumulated approximately $440,000. He suggested that delayed fund claims have kept the recent PONS burn rate at a relatively low level and called for decentralizing the process of claiming funds from the custodial account.
