Kona Launch to Direct 10% of Fees to $KONA Buyback and Burn

On Aug. 6, @KonaDeFi announced that 10% of all fees generated by Kona Launch will go to a buyback-and-burn engine. The engine will market buy $KONA and forever remove it from circulation.

Kona Launch is the token-launch platform live on @abstractchain. The buyback mechanism applies to every fee the platform collects, creating a deflationary loop for $KONA, the omnichain token that bridges Abstract, Solana, and Robinhood Chain.

The announcement adds to a busy period for Kona, which recently activated protocol-fee staking on Abstract and launched an OFT bridge connecting the three chains.

By tying Kona Launch revenue directly to $KONA buybacks, the protocol aims to reduce token supply as platform activity grows. Kona did not disclose the buyback engine's execution schedule or minimum amounts in the announcement.