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#Hyperliquid #Jupiter #PumpSwap #Uniswap #Meteora #PancakeSwap #Raydium #Aerodrome #Orca #Fluid #Curve #Cetus #Momentum #DODO #SunSwap
$PUMP 🔥 Burn $370 Million in Tokens and Announce New Rewards Model 😲
The memecoin launch platform PumpFun announced the burn of its accumulated tokens and the implementation of a programmatic buyback mechanism.
Key Details:
Massive Burn: PumpFun removed approximately $370 million worth of PUMP tokens from circulation, representing 36% of the circulating supply, burning all tokens it had previously accumulated.
Automated Mechanism: The company will implement an irrevocable smart contract that will automatically burn 50% of its net revenue (from Bonding Curve, #Pumpswap and Terminal) over the next year.
Transparency and Trust: This move aims to address the uncertainties and lack of trust that arose in the last nine months when the platform allocated nearly 100% of its revenue to buybacks without a clear burn mechanism.
Use of Funds: The remaining 50% of revenue will be allocated to operational sustainability, product development, marketing, and strategic investments, avoiding an exclusively burn-focused model that could undermine long-term growth.
Conclusion: PumpFun seeks to reaffirm community trust through a more transparent and predictable tokenomic deflation policy, balancing supply reduction with the need for funding future growth of the platform.
But how does the new token burn affect trust?
#MEME #pump
The memecoin launch platform PumpFun announced the burn of its accumulated tokens and the implementation of a programmatic buyback mechanism.
Key Details:
Massive Burn: PumpFun removed approximately $370 million worth of PUMP tokens from circulation, representing 36% of the circulating supply, burning all tokens it had previously accumulated.
Automated Mechanism: The company will implement an irrevocable smart contract that will automatically burn 50% of its net revenue (from Bonding Curve, #Pumpswap and Terminal) over the next year.
Transparency and Trust: This move aims to address the uncertainties and lack of trust that arose in the last nine months when the platform allocated nearly 100% of its revenue to buybacks without a clear burn mechanism.
Use of Funds: The remaining 50% of revenue will be allocated to operational sustainability, product development, marketing, and strategic investments, avoiding an exclusively burn-focused model that could undermine long-term growth.
Conclusion: PumpFun seeks to reaffirm community trust through a more transparent and predictable tokenomic deflation policy, balancing supply reduction with the need for funding future growth of the platform.
But how does the new token burn affect trust?
#MEME #pump
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