Pump Fun Coin
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PumpFun is a top platform in the decentralized finance (DeFi) world. It has changed how meme coin tokens are launched on the Solana blockchain. Since January 2024, PumpFun has made it simple to create and trade meme coins.
Key Features
PumpFun runs on the Solana network, known for its quick speed and low fees. It also includes the Blast network, giving more options to token creators and traders. The platform offers
- Bonding Curve Model. This model adjusts token prices based on supply and demand. It helps with price discovery and liquidity management.
- Instant Trading. No waiting for liquidity or reviews. Trading starts right away.
- Safety Mechanisms. Protects against scams like rug pulls. It ensures fair launches without presales or team allocations.
Token Creation Process
The process is simple.
1. Initial Setup. Choose a name, ticker, and upload a JPG image for the token.
2. Trading Activation. The token starts trading on the platform''s bonding curve right away.
3. Liquidity Milestones.
- On Solana, a 69000 dollar market cap means 12000 dollars liquidity goes to Raydium and is burned.
- On Blast, a 420000 dollar market cap sends 30000 dollars liquidity to Thruster DEX.
Trading can be done through Telegram bots or the PumpFun web app. Telegram bots are recommended for better usability and speed.
Benefits
PumpFun has made token creation easy for everyone. This has increased activity and liquidity in the Solana ecosystem. Over 4 million meme coins have been launched, with some reaching billion dollar market caps.
Use Cases
The platform is perfect for developers with little technical knowledge. It allows them to create and launch tokens easily. This has led to a boom in token creation and trading on Solana.
Cost Price
The platform has generated nearly 500 million dollars in fees. However, specific costs for users are not detailed.
Funding
Information about funding from investors is not provided.
Reviews Testimonials
PumpFun has seen success with tokens like PNUT and WIF reaching high market caps. However, it faces legal challenges and criticism for lack of investor protections. The platform was also criticized for unmoderated content and has barred UK users due to regulatory warnings.