SmolaCrypto
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SmolaCrypto
QNT Holder
High-Frequency Trader
5.5 Years
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Binance News
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32% of PONS Tokens Have Been Burned
According to Odaily Planet Daily, Pons said on X that the PONS token burn mechanism is ongoing, with 32% of the total PONS supply already burned. Pons revealed that 80% of its platform revenue will be used to accumulate PONS tokens, supporting the token’s value-capture mechanism.
Binance News
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Pons Founder Says Buyback and Burn Claims Are Not Fully Decentralized Yet
Pons founder Ozzy said the project’s burn rate has not yet been adjusted and that the Claim process is still not fully decentralized. According to ChainCatcher, he said the team is upgrading on-chain contracts and plans to run a new buyback mechanism on a 7-day cycle, with claims executed every 7 days and all claimed funds used for PONS buybacks and burns over the following 7 days.
He said all buyback and burn operations are now automated, and anyone can trigger the bot and receive a small reward. Ozzy added that the previously set buyback and burn rate of 2e per hour matches the 7-day cycle based on the Splitter contract’s current funds of about $950,000.
He also said claimed funds will be executed automatically on a 7-day schedule and will appear in two separate sections: the Active Buyback Vault and the reserve for the following week’s buyback funds. Separately, crypto analyst yyy said on X that Pons had not replenished funds to the buyback distributor for more than 5 days, with about $440,000 in pending funds in the custody account, and argued that delayed claims have kept recent PONS burn activity low.
He said all buyback and burn operations are now automated, and anyone can trigger the bot and receive a small reward. Ozzy added that the previously set buyback and burn rate of 2e per hour matches the 7-day cycle based on the Splitter contract’s current funds of about $950,000.
He also said claimed funds will be executed automatically on a 7-day schedule and will appear in two separate sections: the Active Buyback Vault and the reserve for the following week’s buyback funds. Separately, crypto analyst yyy said on X that Pons had not replenished funds to the buyback distributor for more than 5 days, with about $440,000 in pending funds in the custody account, and argued that delayed claims have kept recent PONS burn activity low.
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