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Justin Sun: SunPump income will be returned to the community and 100% of the on-chain repurchase and destruction process will be implemented
2024-09-03 09:11:40
Odaily News Justin Sun posted on the X platform that regarding the repurchase and destruction of SunPump’s revenue, the community previously suggested destroying the liquidity LP tokens because this method is adopted by mainstream Meme tokens such as SHIB. There are several advantages to destroying LP tokens, including increasing the depth of token liquidity, making the destroyed liquidity still available, and being more in line with regulatory requirements. However, many community members do not fully understand the destruction mechanism of LP tokens, which can easily lead to misunderstandings. After discussion, the community agreed to adopt a better way, that is, SunPump’s revenue is returned to the community directly to implement a 100% on-chain repurchase and destruction process. This method is easier to verify, and all fund destruction is recorded on the chain.