On June 7, according to two insiders, Pump.fun is seeking to raise $1 billion through an ICO and is considering sharing protocol revenue with potential token holders.
It is currently unclear how much of the potential protocol revenue sharing feature will allocate to Token holders, nor is it certain if this will include the earnings generated by the decentralized trading platform PumpSwap launched earlier this year. Pump.fun has not responded to multiple requests for comments.
Insiders revealed: "Some details may be adjusted, but the core idea is to link token buybacks to a portion of the platform's revenue, with plans to unlock tokens for investors participating in the private/public offerings during the Token Generation Event (TGE)."
Insiders revealed that the PUMP Token aimed at public and private investors is expected to be fully unlocked at the TGE. Although there may be additional issuance, the total supply cap is set at 1 trillion pieces. It is reported that the private placement pricing is $0.004 per piece, and the public offering will start in two weeks, with part of it sold through certain trading platforms along with airdrops. It is estimated that 25% of the total token supply will be used for the public offering and 10% reserved for airdrops.
View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Pump.fun seeks to raise $1 billion through token issuance and may share protocol revenue with token holders.
On June 7, according to two insiders, Pump.fun is seeking to raise $1 billion through an ICO and is considering sharing protocol revenue with potential token holders.
It is currently unclear how much of the potential protocol revenue sharing feature will allocate to Token holders, nor is it certain if this will include the earnings generated by the decentralized trading platform PumpSwap launched earlier this year. Pump.fun has not responded to multiple requests for comments.
Insiders revealed: "Some details may be adjusted, but the core idea is to link token buybacks to a portion of the platform's revenue, with plans to unlock tokens for investors participating in the private/public offerings during the Token Generation Event (TGE)."
Insiders revealed that the PUMP Token aimed at public and private investors is expected to be fully unlocked at the TGE. Although there may be additional issuance, the total supply cap is set at 1 trillion pieces. It is reported that the private placement pricing is $0.004 per piece, and the public offering will start in two weeks, with part of it sold through certain trading platforms along with airdrops. It is estimated that 25% of the total token supply will be used for the public offering and 10% reserved for airdrops.