With the current waves surrounding the TON ecosystem, having a restructure to maintain the position of a leading launchpad is crucial for TonUP. It is with this notice that changes have been made to TonUP’s revenue distribution model. This new approach aims to better align incentives, deliver greater value to $UP token holders, and foster a sustainable ecosystem.
Key Changes:
- Launchpool Program: 25% of revenue will be allocated to provide IDO tokens to $UP token holders, allowing them to earn rewards and gain exposure to new projects.
- $UP Token Buyback and Burns: 50% of revenue will be dedicated to buying back and burning $UP tokens, reducing the circulating supply and potentially increasing token value.
- TonUP Team Support: 25% of revenue will support the operational and developmental needs of the TonUP team.
Impact on IDO Participants:
- Future IDO participants will no longer receive $UP tokens as a reward, streamlining the reward structure and focusing on providing value through the Launchpool program and token buybacks.
For all information that relates to buy-back and burn which is crucial in maintaining token value in the market, TonUp will continually update the community.
Benefits of the New Model:
- Enhanced value for $UP token holders through direct rewards and token buybacks
- Sustainable ecosystem growth through team support and development
- Improved incentive alignment for all stakeholders
In all, TonUP is excited about these changes and committed to continuous improvement.