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Justin Sun releases preliminary plan for SunPump protocol revenue distribution, to be handed over to community voting

Justin Sun releases preliminary plan for SunPump protocol revenue distribution, to be handed over to community voting

Bitget2024/09/03 02:32

On September 3, Justin Sun released a specific plan on the distribution of SunPump protocol revenue to the community on the social platform. 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 revenue from SunPump Meme will be fully returned to the community through liquidity donations. All revenue generated by SunPump Meme will be converted into SUN/TRX liquidity provision tokens (LP tokens), which will be converted on Sunswap V2, after which these tokens will be sent to the black hole address to ensure that liquidity can never be extracted. This approach enhances compliance, continuously accumulates liquidity, and stabilizes the price of SUN tokens, enabling SUN to grow with the TRON network. The process of liquidity donation is as follows: · Determine the amount of liquidity donation based on SunPump's revenue. · Use the revenue to buy back SUN tokens in full. · 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.

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