Pons founder outlines 7-day PONS buyback-and-burn cycle amid concerns

  • Pons founder Ozzy said contract upgrades automated PONS buybacks and burns, addressing community concerns.
  • 2e per hour is the current buyback rate, matched to Splitter's approximately $950,000 balance.
  • Claim occurs every seven days, followed by seven days of recurring buybacks and burns.

Pons founder Ozzy said contract upgrades have automated PONS buyback-and-burn operations and established a seven-day Claim cycle after community concerns over funding delays and burn rates. Funds will be claimed once every seven days, then used for buybacks and burns during the following seven-day period. The current buyback rate is 2e per hour, designed to match the approximately $950,000 held in the Splitter. Funds will be divided between the Active Buyback Vault for current operations and a reserve for the next cycle. Earlier concerns included more than five days without funding reaching the buyback distributor and about $440,000 awaiting Claim in a custodial account. Ozzy apologized for earlier communication misunderstandings and received approval from users.

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