PONS founder addresses buyback mechanism criticism
- —Buyback and burn of PONS tokens is fully automated and can be triggered by any user
- —Funds are claimed every 7 days, followed by 7 days of buybacks at 2e per hour
- —Buyback rate is matched to roughly $950,000 held in the Splitter contract
- —Funds will be split between an Active Buyback Vault and reserves for the next cycle
Why it matters: Buyback transparency affects holder confidence in PONS and the token's price stability.
Source: PANews