This proposal suggests a one-time burn of 2,754,760.9813 $PUMP tokens, representing 0.275% of the total token supply. These tokens are from the remaining airdrop allocation amount. The burn follows community sentiment in favor of a deflationary milestone to support long-term value accrual.
Since TGE, the PumpBTC Foundation has aimed to support long-term value accrual for $PUMP.
To implement this vision, this proposal proposes to burn unclaimed 2,754,760.9813 $PUMP from the airdrop claim contract: 0xC98565cEDd1aA49cdD00C9855E10F181cEEf4b32 (BNB Chain)
Burning these tokens will: Reinforce community trust in PumpBTC's value-driven approach Reduce circulating supply and enhance scarcity Set a precedent for responsible, DAO-driven supply management Align incentives for long-term holders and contributors
This burn is aligned with community feedback and market maturity, and is not part of a recurring mechanism.
Scope of Burn Amount to Burn: 2,754,760.9813 $PUMP (0.275% of total supply)
Source: Mechanism: Tokens will be permanently sent to the burn address (0x000...000) Verification: On-chain proof of burn will be published
Specification: This is a one-time burn event. Upon successful approval of this proposal, the specified tokens (2,754,760.9813 $PUMP) will be transferred to the BNB Chain burn address (0x000...000) in a single, verifiable transaction.
This action will have no impact on: Emissions schedules $vePUMP locking mechanisms
There is no introduction of new incentives or adjustments to current tokenomics. Future actions involving buybacks or burns will require a separate governance proposal.
Executing this burn provides a set of long-term benefits to the PumpBTC:
Moreover, this burn lays the groundwork for a strong supply-shock narrative. This one-time burn enhances token scarcity and reinforces the protocol's commitment to sustainable, value-driven tokenomics.