Pons founder and lead developer Ozzy said on Sept. 9 that the platform does not support changing a token’s tax rate after launch, responding to recent criticism over whether tokens issued on Pons can later have their tax settings modified.
Ozzy said claims in the market that 「Pons can adjust taxes after launch」 are incorrect. Pons attributed the confusion to trading terminals that route buy and sell orders to higher-tax liquidity pools by mistake.
Platform says displayed tax can change because of routing errors
According to Pons, the Uniswap V4 pool initialized by the platform provides liquidity and operates as a 0% tax pool with a 1% Hook fee. The team said that fee is clearly disclosed in every trade.
Pons added that when malicious actors try to 「vamp」 the related liquidity pool, some trading terminals may display a higher transaction tax. It said users may see tax figures move up or down because router configurations vary across terminals and because the terminal may ultimately select a different liquidity pool for execution.
The platform said that does not mean Pons changed the tax after a token went live. Instead, it said some terminals are sending trades to other high-tax pools, which causes users to pay higher fees in practice.
Ozzy says terminals have been asked to fix the issue
Ozzy said Pons has already asked the relevant trading terminals to correct the problem. He said inaccurate displays and faulty routing not only increase users’ trading costs, but can also create unnecessary panic in the market.
Pons said its Hook pool currently charges 1%. If users see a tax rate above 1%, that most likely means the trade was routed to the wrong liquidity pool, unless the token deployer set a higher tax rate at launch. On that basis, Pons said taxes above 1% in a trade cannot be used as proof that the platform changed the tax rate after launch.