PONS founder confirms fully automated seven-day buyback-and-burn cycle

  • PONS founder Ozzy confirmed fully automated buybacks and burns, with users able to trigger the bot for rewards.
  • 2e per hour matches approximately $950,000 held in the Splitter distribution contract.
  • The contract sets seven-day withdrawals followed by rolling seven-day buyback-and-burn periods.

PONS founder Ozzy confirmed the project has fully automated its buyback-and-burn operations, allowing any user to trigger the bot for a small reward. The upgraded smart contract establishes a seven-day fund withdrawal cycle followed by a rolling seven-day buyback-and-burn period, addressing community concerns about transparency and execution. The buyback rate is set at 2e per hour against approximately $950,000 held in the Splitter distribution contract. Future funds will be divided between the Active Buyback Vault for immediate execution and a reserve for later cycles. Earlier concerns included delays in funding the buyback distributor, about $440,000 awaiting Claim in a custodial account and the process not being fully decentralized. Ozzy apologized for previous communication misunderstandings, and the revised structure received acknowledgment from the community.

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