Proposal for Initiating the $TPT Buyback & Burn Program

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I. Introduction

  • Proposal Number: [TIP000014]
  • Proposal Name: Proposal for Initiating the $TPT Buyback & Burn Program
  • Proposer: [Keep]
  • Related Proposals: None
  • Replacement Proposals: None

II. Abstract
This proposal aims to initiate a $TPT buyback and burn program, effective from July 1, 2025. TokenPocket will allocate 25% of the revenue generated by its cross-chain aggregation swap platform, Transit Swap, to repurchase $TPT tokens on DEXs and CEXs. The repurchased $TPT tokens will be transferred to the black hole address for destruction every six months until the total supply of $TPT is reduced from the current 3.466 billion to 1 billion. Any unused buyback funds from a previous cycle will be carried over to the next cycle for continued repurchasing. Token destruction will occur biannually on June 30 and December 31, with the first destruction scheduled for December 31, 2025.

Note: The approximately 200 million $TPT tokens (about 6% of the total supply) held in the TPT DAO treasury will remain unchanged and will continue to receive $TPT tokens from public chain and token logo donations. These $TPT tokens will be used to support the long-term development of the TokenPocket ecosystem.

III. Motivation

  1. Reduce Circulating Supply: By repurchasing and burning $TPT, the circulating supply is reduced.
  2. Strengthen Community Confidence: The buyback demonstrates TokenPocket’s steadfast dedication to ecosystem development, fostering trust and long-term support within the community.

IV. Proposal Details

  1. Proposal Content and Implementation Steps
  1. Revenue Allocation: Starting July 1, 2025, TokenPocket will allocate 25% of the revenue from its cross-chain aggregation swap platform, Transit Swap, to repurchase $TPT tokens.
  2. Buyback Execution: The allocated funds will be used to repurchase $TPT tokens on decentralized exchanges (DEX) and centralized exchanges (CEX). Any unused buyback funds from a previous cycle will be carried over to the next cycle for continued repurchasing.
  3. Token Destruction: Repurchased $TPT tokens will be transferred to the black hole address for destruction every six months until the total supply of $TPT is reduced to 1 billion..
  1. Implementation Timeline
  • Start Date: July 1, 2025
  • Destruction Execution Dates: Biannually on June 30 and December 31, with the first destruction scheduled for December 31, 2025.
  1. Benefits of Implementation
  1. Reduce Circulating Supply: The buyback aims to decrease the circulating supply of $TPT tokens from the current 3.466 billion to 1 billion.
  2. Strengthen Community Confidence: The buyback demonstrates TokenPocket’s steadfast dedication to ecosystem development, boosting community confidence and encouraging long-term holding.
  1. Potential Risks
  • Market Volatility: Price fluctuations of $TPT may impact the effectiveness of the buyback and burn program.
  1. Required Resources and Support
  • Funding Resources: Allocate 25% of Transit Swap revenue for the buyback program.
  • Operational Support: Ensure effective execution of the buyback and burn process.
  1. Executing Entity
  • The TokenPocket Foundation will be responsible for the implementation and management of the buyback and burn program, including fund allocation, buyback execution, and token destruction.

V. Voting Options

  1. Approve the Proposal: Support the initiation of the $TPT buyback and burn program as outlined in the proposal.
  2. Reject the Proposal: Do not support the initiation of the $TPT buyback and burn program as outlined in the proposal.

VI. Proposal Approval Threshold : The number of TPTs participating in the vote must be 200,000,000 or more, and the number of voting addresses must be 200 or more, both conditions must be met simultaneously.

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Before voting, you need to stake TPT in advance and convert it to xTPT to vote. The entry of staking: Transit Swap

TPT DAO Group: https://t.me/tptdaoen

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TPT TO THE MOON