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Crypto DeFi

PONS Founder Addresses Buyback Concerns, Says Burn Is Now Automated

PONS founder Ozzy responded to community questions about the project’s buyback-and-burn mechanism, saying the process is now automated and any user can trigger the bot for a small reward. The team upgraded the contract so funds are claimed every seven days, followed by a seven-day buyback-and-burn cycle, with the buyback rate set at 2e per hour to match roughly $950,000 in the Splitter contract. Ozzy apologized for earlier miscommunication.

Original source

AI take

The shift to an automated, permissionless trigger matters less for the burn itself than for what it removes: founder discretion and the communication gap that produced the complaints. Letting any user fire the bot for a reward turns a trust question into a mechanical one, and the fixed weekly claim-then-burn cadence gives the market a predictable schedule to price around. The open question is whether automation actually settles the underlying concern about buyback credibility, or simply moves the debate to whether the reward is enough to keep the bot running.

Generated by AI for reference only.

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