pump.fun: Will release two major beta mechanism updates for free token creation and token creator incentives
2024-08-09 05:23
Odaily News pump.fun officially announced on the X platform that it will make 2 major changes to the platform mechanism (beta): 1) Free creation of tokens; 2) When the token completes its Bonding curve release, the token creator will receive an incentive of 0.5 SOL (about $80). The specific workflow is: 1) Token creators no longer need to pay a cost of about $2 to create a token, but the first buyer of the token will pay. (Note: This unlocks the use case of someone creating a token but not buying any tokens) 2) If the token completes its Bonding curve process, they will receive 0.5 SOL (80 US dollars). This fee is paid from the pump.fun migration fee (now only 1.5 SOL); it will be paid to the token developer regardless of whether the token developer has ever held the token or still holds the token; the reward also encourages all developers to increase their token allocation share to 100%. Final note: When a token is created, it will not be put on the chain until someone buys it. That's why sometimes the time it starts on the pump fun interface and the time it starts on the mainnet may differ (e.g. what users see on solscan).
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