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      PONS Introduces New Buyback and Burn Mechanism

      Ozzy, the founder of PONS, announced a new buyback and burn mechanism aimed at addressing community concerns regarding the cryptocurrency's current operations. In a recent post on platform X, he confirmed that the existing burn rate remains unchanged and that the Claim process has not yet achieved full decentralization. The upcoming on-chain contract upgrade will implement a buyback process that occurs every seven days, with funds collected during that period allocated for the buyback and destruction of PONS tokens.

      The automated buyback and burn operations will allow any participant to trigger the process and earn a small reward. The established buyback and burn rate is set at 2 ether per hour, which aligns with the current funding level of approximately $950,000 in the Splitter, a fund diversion contract. This structure is designed to create a more sustainable cycle for the buyback and burn mechanism, with funds displayed in two categories: the Active Buyback Vault and a reserve for the following week.

      Concerns were raised by crypto analyst yyy, who noted that PONS had not replenished funds to the buyback allocator for over five days, leaving around $440,000 in the escrow account unclaimed. He suggested that the delay in claiming funds has contributed to a lower burn rate for PONS and emphasized the need for promoting decentralization in the fund claims process.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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