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Justin Sun releases preliminary plan for SunPump protocol revenue distribution, to be handed over to community voting

BlockBeats news, on September 3, Justin Sun released a specific plan on the social platform to distribute the income of the SunPump protocol to the community. This is a preliminary proposal that will be submitted to the community for discussion. Once the final vote is passed, it will be officially implemented.

All income from SunPumpMeme will be fully returned to the community through liquidity donations. All income generated by SunPumpMeme will be converted into SUN/TRX liquidity provision tokens (LP tokens), which will be converted on Sunswap V2, after which these tokens will be sent to the black hole address to ensure that liquidity can never be extracted.

This approach enhances compliance, continuously accumulates liquidity, and stabilizes the price of SUN tokens, allowing SUN to grow together with the TRON network. The process of liquidity donation is as follows:

· Determine the amount of liquidity donation based on SunPump's income.

· Use the income to repurchase SUN tokens in full.

· Add liquidity to the SUN/TRX liquidity pool.

· Destroy the LP tokens obtained by adding liquidity.

· Publicly disclose the transaction hash of the corresponding operation to complete the liquidity donation.

Source

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1. Justin Sun released a preliminary plan for distributing SunPump protocol revenue to the community, which will be submitted to the community for voting and will be officially implemented after approval. All SunPumpMeme revenue will be returned to the community through liquidity donations, enhancing compliance, accumulating liquidity, and stabilizing the price of SUN tokens. 2. According to CME's "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points in September is 69%, and the probability of a 50 basis point cut is 31%. In addition, the possibility of cumulative interest rate cuts by November is also predicted. 3. In August, the overall net inflow of spot Ethereum ETFs was $6.83 million, of which BlackRock ETHA increased its holdings by 146,658 ETH, Fidelity FETH inflow was $114 million, Bitwise ETHW inflow was $29 million, Grayscale Mini ETH inflow was $38 million, and Grayscale ETHE outflow was $583 million. 4. Crypto market analysis agency Santiment said that Bitcoin showed signs of recovery, and the growth of cryptocurrencies that are not dependent on stocks shows that the crypto industry is strong, and there are signs that a rebound is coming. 5. The LayerZero Foundation launched a community plan to allocate 5 million ZRO tokens to community members, builders or content creators to incentivize community participation and contribution.

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