{"id":136704,"date":"2024-09-04T09:30:01","date_gmt":"2024-09-04T06:30:01","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136704"},"modified":"2024-09-03T16:34:29","modified_gmt":"2024-09-03T13:34:29","slug":"sunpump-adopts-new-100-on-chain-buyback-and-burn-strategy","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/sunpump-adopts-new-100-on-chain-buyback-and-burn-strategy\/","title":{"rendered":"SunPump Adopts New 100% On-Chain Buyback and Burn Strategy"},"content":{"rendered":"

The community has opted to adopt a new strategy of a 100% on-chain buyback and burn process, moving away from the earlier plan of burning liquidity pool (LP) tokens.<\/p>\n

In a recent update on X, Sun highlighted<\/a><\/strong> that the shift comes in response to community feedback and a lack of understanding about LP token burning, which had led to confusion. The original idea was inspired by practices seen in popular memecoins like Shiba Inu, which aimed to enhance token liquidity.<\/p>\n

Sun emphasized that the new approach, starting September 3, will involve a transparent and straightforward buyback and burn method. This process will ensure that all transactions are recorded on-chain, providing clear, immutable records without the need for additional explanations.<\/p>\n