Founder of Pons: The tax rate for tokens issued on the platform cannot be adjusted after issuance, and the abnormal display is due to terminal routing issues.
1 hours ago
Pons founder and lead developer Ozzy has responded to recent controversy over the platform’s alleged ability to modify token tax rates post-launch, stating he does not support changing tax rates after a token goes live. Ozzy noted that claims circulating in the market that "Pons can adjust tax rates post-launch" are incorrect. Pons explained that some transaction frontends incorrectly route buy and sell orders to high-tax liquidity pools, even though the Uniswap V4 pool initialized by Pons has liquidity and is a 0% tax rate, 1% Hook fee pool—with this fee clearly disclosed in all transactions. The project further clarified that when malicious actors attempt to "vamp" (siphon or attack liquidity) related liquidity pools, some transaction frontends may display higher transaction tax rates as a result. Due to issues with different frontend router configurations and the varying liquidity pools ultimately selected by frontends, the tax rates users see may fluctuate. Pons stressed this does not mean the protocol modified its tax rate post-launch. Instead, some frontends incorrectly route transactions to other high-tax pools, leading users to incur higher actual fees. Ozzy added that he has requested relevant transaction frontends to fix the issue, as incorrect displays and routing not only raise user transaction costs but also risk triggering unnecessary market panic. Pons emphasized that its current Hook pool fee is 1%. If users see a tax rate higher than 1%, unless the token deployer set a higher tax rate at launch, it most likely means the transaction was routed to the wrong liquidity pool. Therefore, a transaction tax exceeding 1% cannot prove that Pons modified its tax rate post-launch.
A trader opened a $2,600 position in the PONS token on its launch day, and has now made over $1.15 million in profit.
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