SunPump's New Clear Onchain Repurchase disclosed
Tron inventor Justin Sun has disclosed a significant change in approach for the SunPump meme coin. The community has chosen to implement a 100% onchain buyback and burn procedure in place of the convoluted LP (Liquidity Provider) token burning procedure. With effect from September 3, this modification seeks to guarantee total openness and streamline the process.
Sun disclosed that the community's inability to comprehend the burning of LP tokens, which can cause misconceptions, was the primary motivator behind the decision. It is anticipated that the onchain burn and buyback procedure will be simpler, facilitating transaction verification for all parties.
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