Sun Yuchen released a preliminary proposal for the income distribution of the SunPump protocol, which will open for community voting

2024-09-03 08:24:35

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ChainCatcher news, Sun Yuchen stated on the X platform early this morning that he plans to allocate the revenue from the SunPump protocol to the community. This plan will be submitted to the community for discussion in the form of a preliminary proposal. Once the final vote is passed, it will be officially implemented. All revenue generated by SunPumpMeme will be fully returned to the community through liquidity donations. All revenue generated by SunPumpMeme will be converted into SUN/TRX liquidity provider tokens (LP tokens), which will be converted on Sunswap V2, and then these tokens will be sent to a black hole address, ensuring that the liquidity can never be withdrawn. This approach enhances compliance, continuously accumulates liquidity, and stabilizes the price of the SUN token, allowing SUN to grow alongside the TRON network. The process of liquidity donation is as follows:

Determine the amount of liquidity donation based on the revenue from SunPump.
Use the full revenue to repurchase SUN tokens.
Add liquidity to the SUN/TRX liquidity pool.
Burn the LP tokens obtained through adding liquidity.
Publicly disclose the transaction hash of the corresponding operation to complete the liquidity donation.

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