Today, we’re excited to announce that we have also initiated a buyback scheme under our long term goal to remove and burn as much of the circulating token supply as possible. $PUMP buybacks & burns have been programmed to occur at 50% of revenue via an irreversible locked smart contract for 1 year. This means 50% of all net revenue from the pump fun Bonding Curve, PumpSwap & Terminal is automatically used to purchase $PUMP on the open market and immediately burn 100% of those purchases. Buyback & burns are carried out as follows: 1. Transaction happens on the pump fun Bonding Curve, PumpSwap or Terminal 2. 50% of net fee revenue goes towards a set of intermediary wallets 3. Periodically, all intermediary wallets consolidate funds into 1 of 2 buyback & burn wallets 4. The buyback & burn wallets carry out ongoing buyback & burns Example transactions (random txn, not affiliated with pump fun): 1 & 2: solscan.io/tx/54ZKMX74e1D3Ek… 3: solscan.io/tx/2dxpwjPSJEADSk… 4 (buy): solscan.io/tx/4MD8thT9XYaViC… 4 (burn): solscan.io/tx/3yHqeWtVk1YPxs… Track ongoing buybacks & burns at fees.pump.fun.