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News

Pump.fun Coin Creation Is Now Free With Creators Support Mechanism

August 9, 2024 - Around 2 mins mins to read

Key Points:

  • Pump.fun coin creation has removed $2 fee; instead, the cost is now covered by the first buyer.
  • The platform uses a Bonding Curve to manage token supply and price, with 800 million tokens initially allocated.
Pump.fun, a Solana-based marketplace to create and distribute tokens, has announced a slew of changes on its platform.
Pump.fun Coin Creation Is Now Free With Creators Support Mechanism

Read more: Pump.fun Attacker Was Arrested By UK Law Enforcement And Is Now Out On Bail

No More Pump.fun Coin Creation Fees

The new updates will make the process of Pump.fun coin creation on more seamless and incentivizing for developers.

Whereas a Pump.fun coin creation used to cost something like $2, now it is no more. Its first purchaser bears the cost. Hence, the creators can start their tokens without having to pay a single coin at the beginning.

Besides, developers will now get 0.5 SOL if their token goes through its bonding curve, a financial model designed for supply and price dynamics management. The reward is funded through a reduced migration fee of 1.5 SOL, regardless of the current holdings of the developer.

Pump.fun: Platform to Increase Liquidity Support for Meme Coins

Pump.fun operates on a Bonding Curve mechanism that sets a token supply with its price. Upon the creation of a new meme coin, 800 million tokens are allocated to the Bonding Curve.

As users buy tokens, their price rises up the curve, which may multiply in value if listed on Raydium. After the market capitalization of one token reaches $66,000, additional liquidity is contributed to Raydium; part of this liquidity is burned to avoid risks of market manipulation.

This mechanism is part of a broader effort by Pump.fun to cut down on meme coin problems, such as rug pulls and market volatility. It supports a wide range of wallets enabled on Solana, such as Metamask, Phantom, WalletConnect, and Solflare, all allowing the user to interact with newly created tokens efficiently.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

meme coin

Pump.fun

Pump.fun Coin Creation

Solana

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Pump.fun Coin Creation Is Now Free With Creators Support Mechanism

Key Points:

  • Pump.fun coin creation has removed $2 fee; instead, the cost is now covered by the first buyer.
  • The platform uses a Bonding Curve to manage token supply and price, with 800 million tokens initially allocated.
Pump.fun, a Solana-based marketplace to create and distribute tokens, has announced a slew of changes on its platform.
Pump.fun Coin Creation Is Now Free With Creators Support Mechanism

Read more: Pump.fun Attacker Was Arrested By UK Law Enforcement And Is Now Out On Bail

No More Pump.fun Coin Creation Fees

The new updates will make the process of Pump.fun coin creation on more seamless and incentivizing for developers.

Whereas a Pump.fun coin creation used to cost something like $2, now it is no more. Its first purchaser bears the cost. Hence, the creators can start their tokens without having to pay a single coin at the beginning.

Besides, developers will now get 0.5 SOL if their token goes through its bonding curve, a financial model designed for supply and price dynamics management. The reward is funded through a reduced migration fee of 1.5 SOL, regardless of the current holdings of the developer.

Pump.fun: Platform to Increase Liquidity Support for Meme Coins

Pump.fun operates on a Bonding Curve mechanism that sets a token supply with its price. Upon the creation of a new meme coin, 800 million tokens are allocated to the Bonding Curve.

As users buy tokens, their price rises up the curve, which may multiply in value if listed on Raydium. After the market capitalization of one token reaches $66,000, additional liquidity is contributed to Raydium; part of this liquidity is burned to avoid risks of market manipulation.

This mechanism is part of a broader effort by Pump.fun to cut down on meme coin problems, such as rug pulls and market volatility. It supports a wide range of wallets enabled on Solana, such as Metamask, Phantom, WalletConnect, and Solflare, all allowing the user to interact with newly created tokens efficiently.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.