As the Tron ecosystem continues to experience massive adoption, the community has successfully reached deal About the Sun Pump Protocol Revenue Allocation Strategy Presented by the Project Founder Justin Sun.
This agreement represents a major turning point for the TRON network as community members agree on how the generated funds will be distributed, ensuring the project’s growth. It could also encourage SunPump ProtocolContinuous development and improvement of community relations.
Tron Users Make Bold Decision on Sun Pump Revenue Allocation
On Monday, Justin Sun, Founder of Tron Network, He sought community input on how to allocate revenue generated by the newly launched SunPump protocol, a meme coin distributor on the network.
The founder highlighted 4 distinct areas where the proceeds can be used, such as buying back SUN tokens, increasing liquidity in the SUN/TRX pool, completing liquidity donations, and burning LP tokens. Meanwhile, as of today, the community has reached consensus, demonstrating the growing state of cooperation in the Tron ecosystem.
According to the founder, after discussion, the community finally decided that implementing a 100% buyback and burn directly on-chain would be a better course of action for the resulting revenue. Since all burn records would be on-chain, this approach makes verification easier and requires no justification.
The community’s decision to burn Liquidity Pool (LP) tokens is due to the fact that major mainstream meme tokens like Shiba Inu (SHIB) This approach has already begun to be implemented, demonstrating the validity of the framework. “I personally think this may be the best approach, and it will be implemented starting today,” Sun added.
He also pointed out several advantages of the strategy, including being more regulatory-friendly, increasing the depth of token liquidity, and allowing for continued use of burned liquidity. However, while the framework has its advantages, it also has its drawbacks.
Sun noted that there are downside risks to this approach, but did not specify any specific reason due to its complexity. As a result, he believes there may be misconceptions because many community members do not fully understand what burning LP tokens means.
Gas network revenues witness a significant increase in August
the Tron Network It has once again proven its strong position in the industry as evidenced by the recent surge in total gas revenue. According to leading on-chain data tracker, Lookonchain, Gas revenue to the network It saw an increase of more than 46% in August.
Data Through the tracker, it appears that the network has outperformed other major networks like Ethereum, Solana, Bitcoin, etc. While Tron saw a 46% surge, Ethereum, Bitcoin, and Solana saw a drop of over 33%, 16%, and 48% respectively.
Featured image by X, chart by Tradingview.com
Comments are closed, but trackbacks and pingbacks are open.