PONS founder Ozzy confirmed the project has fully automated its buyback and burn operations, allowing any user to trigger the bot in exchange for a small reward. The team upgraded the smart contract to establish a seven-day fund withdrawal cycle followed by a rolling seven-day buyback and burn period to address community concerns regarding transparency and execution.
The current buyback rate is set at 2e per hour to align with approximately $950,000 held in the Splitter distribution contract. Future buyback capital will be allocated between an Active Buyback Vault for immediate execution and a reserve for subsequent cycles. Ozzy apologized for previous communication misunderstandings regarding the mechanism, with the updated structure receiving acknowledgment from the community.
PONS Automates Buyback and Burn Mechanism with 7-Day Withdrawal Cycle
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