According to reports, two informed sources revealed that 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 revenue from Pump.fun (if any) will be allocated to the upcoming PUMP Token through the "buyback-driven utility structure," nor is it certain whether this will include the revenue generated by the decentralized exchange PumpSwap launched earlier this year. Pump.fun has not responded to multiple requests for comments.
A source close to the founding team, who spoke on condition of anonymity, said: "Some of this may be adjusted, but the idea is to tie the buyback to some of Pump's revenue. Our plan is for token issuers who participate in this public or private placement to unlock tokens on token launch date (TGE). According to a source, the team is currently pitching to private investors at $0.004 per token and plans a public sale within two weeks. According to reports, part of the sale will take place on exchanges, including a trading platform, and an airdrop is expected. According to one source's estimate, about 25% of the token supply will go to the public sale, with another 10% going to the airdrop.
According to data from the platform, Pump.fun's daily revenue peaked on January 23, exceeding $7 million, but has since declined to around $1 million per day. Since its launch in early 2024, the platform has generated a total revenue of approximately $677 million, making it one of the most profitable startups in the crypto space.
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TokenBeginner'sGuide
· 06-06 23:52
Gentle reminder: Plans do not guarantee implementation, and investment requires caution.
Pump.fun plans a $1 billion token issuance and intends to share protocol revenue with holders.
According to reports, two informed sources revealed that 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 revenue from Pump.fun (if any) will be allocated to the upcoming PUMP Token through the "buyback-driven utility structure," nor is it certain whether this will include the revenue generated by the decentralized exchange PumpSwap launched earlier this year. Pump.fun has not responded to multiple requests for comments.
A source close to the founding team, who spoke on condition of anonymity, said: "Some of this may be adjusted, but the idea is to tie the buyback to some of Pump's revenue. Our plan is for token issuers who participate in this public or private placement to unlock tokens on token launch date (TGE). According to a source, the team is currently pitching to private investors at $0.004 per token and plans a public sale within two weeks. According to reports, part of the sale will take place on exchanges, including a trading platform, and an airdrop is expected. According to one source's estimate, about 25% of the token supply will go to the public sale, with another 10% going to the airdrop.
According to data from the platform, Pump.fun's daily revenue peaked on January 23, exceeding $7 million, but has since declined to around $1 million per day. Since its launch in early 2024, the platform has generated a total revenue of approximately $677 million, making it one of the most profitable startups in the crypto space.