On September 3rd, Justin Sun released on the social platform the specific plan for the distribution of SunPump protocol income to the community. This is a preliminary proposal that will be submitted to the community for discussion. Once the final vote is passed, it will be officially implemented. All income from SunPump Meme will be fully returned to the community through liquidity donation. All income generated by SunPump Meme will be converted into SUN/TRX liquidity providing tokens (LP tokens), which will be converted on Sunswap V2, after which these tokens will be sent to the black hole address, ensuring that liquidity can never be withdrawn. This approach enhances compliance, continuously accumulates liquidity, and stabilizes the price of SUN tokens, enabling SUN to grow together with the TRON network. The process of liquidity donation is as follows:
Determine the liquidity donation amount based on SunPump's income.
Buy back SUN tokens in full with the proceeds.
Add liquidity to the SUN/TRX liquidity pool.
Destroy LP tokens obtained by adding liquidity.
Publicly disclose the transaction hash of the corresponding operation to complete the liquidity donation.
Justin Sun Releases Preliminary Plan for Revenue Distribution of SunPump Protocol, Will Be Handed Over to Community Voting
2024-09-03 00:16:08
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