Burn

when

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>When Pump.fun is selling, SunPump is buying back, says Justin Sun.</li> 
 <li>Today, SunPump began implementing a 100% on-chain buyback and burn process.</li> 
</ul> 
<p>Earlier today, Tron’s founder, Justin Sun, said that when the Solana-based memecoin generator, Pump.fun is selling, SunPump is buying back.</p> 
<p>“This about what that means,’ he said in a recent post via X, regarding SunPump’s new implementation.</p> 
<figure id="attachment_49833" aria-describedby="caption-attachment-49833" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/09/justin-sun-via-x.png"><img loading="lazy" decoding="async" class="wp-image-49833 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/09/justin-sun-via-x.png" alt="Justin Sun via X" width="739" height="366" title="5 Key Benefits of SunPump's 100% On-Chain Buyback and Burn Process 17"></a>
 <figcaption id="caption-attachment-49833" class="wp-caption-text">
  Justin Sun via X
 </figcaption>
</figure> 
<p>On August 21, SunPump Tron-based memecoin generator,<a href="https://crypto.ro/en/news/sunpump-overtakes-rival-pumpfun-in-24-hour-revenue-by-200k/"> flipped</a> its Solana-based Pump.fun rival in daily revenue by over $200,000, despite being launched just recently, on August 9.</p> 
<h2 id="sunpump-implements-a-100-on-chain-buyback-and-burn-process">SunPump Implements a 100% On-Chain Buyback and Burn Process</h2> 
<p>This morning, Justin Sun, addressed the issue of revenue buyback and burning for SunPump memecoin generator.</p> 
<p>He said via a post on X, that the community previously suggested burning liquidity LP tokens as this approach is used by mainstream meme tokens such as SHIB.</p> 
<p>Tron’s founder also highlighted the downside of this approach which is the complexity of explaining it. He said that there are a lot of community members who don’t fully understand what LP token burning means.</p> 
<p>He highlighted that following a recent discussion, the community agreed that a better approach would be directly implementing a 100% on-chain buyback and burn process.</p> 
<p>This approach comes with a few advantages, according to Sun.</p> 
<h2 id="5-key-implementation-benefits">5 Key Implementation Benefits</h2> 
<p>Implementing a 100% on-chain buyback and burn process has the following benefits, as noted by Sun via his X post:</p> 
<ol> 
 <li>Easier verification due to complete fund burn records on-chain</li> 
 <li>A more straightforward approach easier to understand</li> 
 <li>LP tokens burning is Increasing token liquidity depth</li> 
 <li>The burned liquidity can still be utilized</li> 
 <li>A more regulator-friendly approach</li> 
</ol> 
<p>Sun also <a href="https://x.com/justinsuntron/status/1830872361358499892" rel="nofollow" target="_blank">said</a> that he believes that this may be the better approach, and highlighted that it would be implemented starting today.</p> 
<p>Tron’s founder also shared a post, saying that SunPump’s real-time burn progress can be accessed on the official website. The website is entirely real-time, with blockchain records providing real-time proof.</p> 
<h2 id="sun-buyback-and-burn-real-time-data">SUN Buyback and Burn: Real-Time Data</h2> 
<p>SunSwap.com reveals, among others, SUN Buyback and Burn data, stating that the process is used to empower the community.</p> 
<p>At the moment, the on-chain data reveals that an estimated amount of over 9.4 million SUN worth almost $283,000 remains to be burned, while the total burned amount is currently a little over 268 million SUN worth around $8 million.</p> 
<p>Burning records are also revealed in real time via the official website.</p> 
<figure id="attachment_49831" aria-describedby="caption-attachment-49831" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/09/SUN.png"><img loading="lazy" decoding="async" class="wp-image-49831 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/09/SUN.png" alt="SunSwap.com data" width="1432" height="823" title="5 Key Benefits of SunPump's 100% On-Chain Buyback and Burn Process 18"></a>
 <figcaption id="caption-attachment-49831" class="wp-caption-text">
  SunSwap.com data
 </figcaption>
</figure> 
<h2 id="buyback-and-burn-rules">Buyback and Burn Rules</h2> 
<p>The<a href="https://sunswap.com/#/repurchase" rel="nofollow noopener" target="_blank"> website</a> also reveals the buyback and burn rules as follows:</p> 
<ul> 
 <li>Buyback: The smart contract will regularly swap 0.05% of the value of each transaction on SunSwap V2 for SUN and deposit SUN tokens (to be burned) into a designated address.</li> 
 <li>Burning: The SUN tokens in the designated address will be burned every four weeks, by depositing them into the TRON blackhole address.</li> 
</ul> 
<p>A few hours ago, Sun highlighted via another<a href="https://x.com/justinsuntron/status/1830943691969810886" rel="nofollow" target="_blank"> post</a> on X that the revenue buyback and burning for SunPump, has already started today, and is set to be completed in a few days.</p>

5 Key Benefits of SunPump’s 100% On-Chain Buyback and Burn Process

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