The platform for launching meme tokens Pump.fun has formed a fund of $3 million to finance early-stage crypto startups.
The new investment division Pump Fund will distribute capital through its own hackathon called Build in Public.
As part of the first competition for IT specialists, 12 projects will receive funding of $250,000 each, as well as mentorship from the founders of Pump.fun.
Unlike traditional accelerators where founders present their projects for jury evaluation, participants in Build in Public launch tokens, the success of which is determined by market demand.
Your users are those who provide funding by betting on you at an early stage. Those who can win people's hearts gain unprecedented opportunities,” states Pump.fun.
Any projects can participate in the hackathon, including those not directly related to cryptocurrencies. However, several mandatory criteria are provided:
availability of token;
ready platform foundation;
developers own at least 10% of the coin issuance;
publicity (posts on social media, presence of user community, etc.).
We want to see teams that demonstrate the viability of their ideas through rapid implementation and open exchange of plans. Organic growth is better than connections and information noise,” noted the platform representatives.
Applications for participation in the hackathon are accepted until February 18. The first winners will be announced within 30 days after the registration closes.
Recall that in January, the 'meme token factory' announced a revision of the commission model for content creators. 
