According to ChainCatcher, Sun Yuchen, founder of TRON and member of the Huobi HTX Global Advisory Committee, posted on the X platform that after discussion, the community agreed to adopt a better approach, that is, SunPump revenue is returned to the community to directly implement a 100% on-chain repurchase and destruction process. Personally, he believes this may be a better approach, and the plan will be implemented starting today.
Justin Sun explained that regarding the issue of SunPump's revenue repurchase and destruction, the community previously suggested destroying the liquidity LP tokens because this method was adopted by mainstream meme tokens such as SHIB. Destroying LP tokens has several advantages, including increasing the depth of token liquidity, making the destroyed liquidity still available, and being more in line with regulatory requirements.
Justin Sun said, “However, there is also a disadvantage: the process is difficult to explain clearly. Many community members do not fully understand the meaning of LP token destruction, which may lead to misunderstandings. After discussion, the community agreed to adopt a better way to directly implement a 100% on-chain buyback and destruction process. This method is easier to verify because all fund destruction records will be on-chain, making it simple and clear without any explanation.”
