SushiSwap-Backed Pools.fun Launches Protocol Token with Buyback and Airdrop Plans
Pools.fun, the decentralized token issuance platform backed by SushiSwap and Bankr, is launching its own protocol token. The token's structure includes a buyback-and-burn mechanism that will reduce circulating supply over time, benefiting long-term holders.
According to 0xDeployer, founder of Bankr, 30% of protocol fees generated by Pools.fun will be allocated to token buybacks and burns. This process is designed to decrease the circulating supply, potentially benefiting those who hold the token in the long term.
The platform also plans to implement a points program that rewards user activity, including trading volume on the platform and the trading volume of tokens issued by users. While the exact conversion rate between points and token allocations has not been disclosed, the program is expected to play a role in the upcoming airdrop.