Pump.fun will distribute protocol revenue to PUMP token holders: sources
Powered by @unfolded- Pump.fun is reportedly planning to raise $1 billion through an initial coin offering (ICO) and is considering a revenue-sharing mechanism for its upcoming PUMP token.
- The platform, which has generated approximately $677 million in cumulative revenue since its launch, may direct some of its revenue to the PUMP token through a "buyback-powered utility structure."
- An airdrop of tokens is expected, with 25% of the total supply allocated for the public sale and another 10% reserved for the airdrop, while the total supply is capped at 1 trillion tokens.
- The ICO is anticipated to boost user activity on the platform, which has seen a decline in recent months, and aims to further revitalize the Solana ecosystem.