Ozzy: Pons will be upgraded to an automated mechanism for recycling and destroying every 7 days
2026-10-03 17:14:14
According to CoinMeta, Pons founder Ozzy responded to doubts about the buyback and burn mechanism, stating that an on-chain contract upgrade is underway. The new buyback mechanism will allow for the withdrawal of funds every 7 days, and within the following 7 days, all the funds will be used to buyback and burn Pons. This process will then be repeated cyclically. Currently, the buyback and burn operations have been automated, and anyone can trigger the robot to receive rewards. The splitter contract, with a fund size of approximately $950,000, matches a 7-day buyback cycle. The buyback funds will be displayed separately in the active, buyback, vault sections, as well as in the reserved funds section.
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Source:Internet
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